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6 Days on market

202 Glenoak Dr Springfield — Photo 1 of 41

$299,900

Investment Analysis — 202 Glenoak Dr

Springfield, MA 01129 — Sixteen Acres

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 5.76% cap rate and $17,267/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

960

Style

Single Family

Built

1972

A cherished home ready for its next chapter! Offered for sale for only the second time and held in the same family for over 30 years, this inviting 3-bedroom, 1-bath ranch sits right on the Wilbraham line in Springfield’s desirable Sixteen Acres neighborhood. Newly refinished hardwood floors, fresh paint throughout, and a new roof bring a fresh start to a home filled with history. The bright living room welcomes relaxed evenings and lively gatherings, while the eat-in kitchen overlooks a beautiful, private backyard—an inviting backdrop for morning coffee, summer meals, and time outdoors. All three bedrooms and the full bath are conveniently located on the main level. The clean, dry unfinished basement offers generous storage and partial framing for future possibilities. With schools, shops, and parks nearby, 202 Glenoak Drive blends everyday convenience with timeless charm

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: 480 sq ft (the lesser of 900 sq ft or half the 960 sq ft principal dwelling). Lot size: 10,559 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.