Investment Analysis — 183 Jewett St

Springfield, MA 01129

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01129 carries an estimated $2,340/mo in gross rent — about a 4.52% cap rate and $16,510/yr in estimated NOI at the $365,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,300

Style

Single Family

Built

2004

Welcome to this beautiful 3-bedroom, 1.5-bath home tucked away on a quiet dead-end street in the sought-after Sixteen Acres area of Springfield. Offering approximately 1,300 square feet, this inviting residence features a modern kitchen with stainless steel appliances, in-home laundry, and a generous yard perfect for relaxing or entertaining. The covered carport provides added convenience, while the home’s thoughtful layout creates a warm and functional living space.

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: 650 sq ft (the lesser of 900 sq ft or half the 1,300 sq ft principal dwelling). Lot size: 8,969 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 MLS and other third-party data may be inaccurate or out of date.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.