Investment Analysis — 248 Laconia Street

Springfield, MA 01129 — Indian Orchard

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 3.75% cap rate and $12,744/yr in estimated NOI at the $339,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,500

Style

Single Family

Built

1953

HUGE PRICE REDUCTION !............Rare opportunity for a 3 bedroom ranch property with finished basement and large heated garage with office and bath attached to run your business from your home or rent the house for additional income.Very well maintained with many updates, newer furnace, hot water heater, replacement windows.Near the Wilbraham line behind Lowe's.

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: 750 sq ft (the lesser of 900 sq ft or half the 1,500 sq ft principal dwelling). Lot size: 10,001 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 MLS and other third-party data may be inaccurate or out of date.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.