Investment Analysis — 223 East St

Springfield, MA 01104

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01104 carries an estimated $2,230/mo in gross rent — about a 5.59% cap rate and $16,207/yr in estimated NOI at the $289,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,318

Style

Single Family

Built

1946

Welcome to this spacious Cape-style home offering 3 bedrooms, 1.5 bathrooms, approximately 1,318 sq. ft. of living space, a finished basement, central air, and natural-gas forced-air heat. The property also features an oversized two-car detached garage, off-street parking for multiple vehicles, and flexible additional living space in the finished lower level—ideal for a family room, home office, recreation area, or extra storage. Conveniently located in East Springfield with quick access to the Massachusetts Turnpike and other major routes, making commuting and travel easy while still enjoying a residential neighborhood setting. This home offers a great opportunity for buyers looking to add their own personal touches. Property is being sold as-is.

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: 659 sq ft (the lesser of 900 sq ft or half the 1,318 sq ft principal dwelling). Lot size: 5,998 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 MLS and other third-party data may be inaccurate or out of date.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.