Investment Analysis — 22 First Street

Westport, MA 01057

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01057 carries an estimated $1,910/mo in gross rent — about a 1.62% cap rate and $12,767/yr in estimated NOI at the $788,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,320

Style

Single Family

Built

1939

Enjoy the Sounds of the Ocean in this lovingly maintained 3 Season Cottage Overlooking East Beach, Gooseberry and the Islands!! Walk to Allen's Pond, local beaches and more. Amazing potential in this spacious property with FOUR BEDROOM SEPTIC (passing Title V) to move right in as a seasonal home or update for year round enjoyment. Outdoor living includes front porch, fenced pet area, outdoor shower, private covered porch, deck and backyard overlooking the water. Convenient single car garage for storage and outdoor 220 plug for EV Charging. Built in 1939, this is one of the original Cottages on First Street, now ready to share the next chapter with you!!

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: 660 sq ft (the lesser of 900 sq ft or half the 1,320 sq ft principal dwelling). Lot size: 35,793 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 MLS and other third-party data may be inaccurate or out of date.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.