Active

120 Days on market

164 Arnold Ave Springfield — Photo 1 of 42

Recent Drop: $10,000

$329,000

$319,000

Investment Analysis — 164 Arnold Ave

Springfield, MA 01119

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 5-bedroom in 01119 carries an estimated $2,460/mo in gross rent — about a 5.77% cap rate and $18,396/yr in estimated NOI at the $319,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

1,456

Style

Single Family

Built

1992

Welcome to 164 Arnold Ave! This 5-bedroom, 2-full bath home offers a flexible layout with 2 bedrooms and a full bath on the first floor, plus 3 bedrooms and a second full bath upstairs. The main level also features the living room and kitchen with access to a generously sized backyard, offering plenty of outdoor space to enjoy. The basement provides potential for additional living space, giving you even more flexibility to make the home work for your needs. Conveniently located near schools, shopping, restaurants, parks, and major commuter routes. Schedule your private showing today!

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: 728 sq ft (the lesser of 900 sq ft or half the 1,456 sq ft principal dwelling). Lot size: 5,001 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 MLS and other third-party data may be inaccurate or out of date.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.