Investment Analysis — 155 Old Farm Rd

Springfield, MA 01119

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01119 carries an estimated $2,460/mo in gross rent — about a 5.01% cap rate and $17,033/yr in estimated NOI at the $340,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,782

Style

Single Family

Built

1951

Welcome home to this charming 4-bedroom, 1.5-bath Cape in Springfield’s Sixteen Acres neighborhood! Step inside to a spacious living room featuring hardwood floors and a cozy fireplace, with an open flow into the dining area that makes everyday living and entertaining easy. The remodeled kitchen is sure to impress with granite countertops, plenty of workspace, and an open connection to the dining area. Just beyond, the inviting sunroom adds even more living and entertaining space with hardwood floors, a bar area, and convenient access to both the attached garage and backyard. Two first-floor bedrooms with hardwood floors and a full bath offer flexibility for a variety of needs. Upstairs, you’ll find two additional bedrooms and a half bath, providing plenty of room to spread out. Outside, enjoy a fenced backyard ready for relaxing, gardening, entertaining, or play. An attached one-car garage adds everyday convenience. Ideally located near Western New England University, shopping, parks, dining, and area amenities, this home combines classic Cape charm with thoughtful updates and a convenient location.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 891 sq ft (the lesser of 900 sq ft or half the 1,782 sq ft principal dwelling). Lot size: 8,250 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.