Investment Analysis — 23 Midway St

Springfield, MA 01151

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01151 carries an estimated $2,480/mo in gross rent — about a 6.14% cap rate and $18,719/yr in estimated NOI at the $305,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,008

Style

Single Family

Built

1942

VA Loan Assumable at 3.3% for Qualified VA Buyers, Subject to Lender Approval and Substitution of Entitlement. Open House 10/04 12PM-1:30PM! Welcome to 23 Midway St! This well-maintained 4-bedroom, 1.5-bath Cape offers a comfortable and versatile layout with plenty of space to make your own. The first floor features an updated kitchen, inviting living room, hardwood flooring, two bedrooms and a full bath. Upstairs you'll find two additional bedrooms and a convenient half bath. The unfinished basement offers plenty of storage along with additional space and potential for future finishing. Outside, enjoy a fenced-in yard, long driveway providing ample off-street parking and a one-car garage. The combination of four bedrooms, two levels of living space, 1.5 Bath and additional basement potential provides plenty of flexibility for a variety of needs. Conveniently located with easy access to highways, shopping, schools, and parks. Come take a look and see all that 23 Midway St has to offer! Showings Start 10/02 8AM.

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: 504 sq ft (the lesser of 900 sq ft or half the 1,008 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.