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11 Days on market

23 Schley St Springfield — Photo 1 of 40

$319,900

Investment Analysis — 23 Schley St

Springfield, MA 01109

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01109 carries an estimated $2,360/mo in gross rent — about a 5.78% cap rate and $18,497/yr in estimated NOI at the $319,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,344

Style

Single Family

Built

1949

ASK ABOUT THE *5.5% RATE! Welcome to 23 Schley Street, Springfield—a beautifully renovated Cape offering 4 bedrooms and 1.5 baths with approximately 1,344 sq. ft. of living space. This inviting home features an updated kitchen with white cabinetry, stone/granite countertops, marble-look tile backsplash, stainless steel appliances, and a gas range, opening to a bright dining area. Hardwood flooring runs throughout the living spaces and bedrooms, complemented by a ceiling fan and updated finishes. The flexible floor plan offers two bedrooms on the first floor and two additional bedrooms upstairs, along with a full tiled bath and convenient half bath. One of the 1st floor bedrooms could serve as a formal dining room, depending on your family needs. The full basement provides additional storage and utility space. Outside, enjoy a level lot, detached garage, paved driveway, and vinyl exterior. Natural gas, city water and sewer, insulated windows, and newer forced-air heating add to the home's practical appeal. Located near public transportation, shopping, highway access, and area amenities. A move-in-ready opportunity with modern updates and plenty of space! (*rate subject to change)

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: 672 sq ft (the lesser of 900 sq ft or half the 1,344 sq ft principal dwelling). Lot size: 5,001 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.