Active

54 Days on market

281 Newton Rd Springfield — Photo 1 of 42

Recent Drop: $10,000

$479,900

$469,900

Investment Analysis — 281 Newton Rd

Springfield, MA 01118

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01118 carries an estimated $2,570/mo in gross rent — about a 3.73% cap rate and $17,511/yr in estimated NOI at the $469,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,106

Style

Single Family

Built

1963

Let's real estate! The perfect Colonial -- a stone-toss away from Veterans Memorial Golf Course - this beautifully updated home has been extensively improved over the past two years, offering peace of mind and move-in-ready convenience. Step inside to discover refinished hardwood floors, soaring high ceilings, and an inviting layout filled with natural light. The spacious floor plan is designed for both everyday living and entertaining, while the multi-level deck provides the perfect setting for summer barbecues, morning coffee, or relaxing evenings overlooking the generous backyard. This lovely home features 4 bedrooms with one that sits on the main level, & 2.5 bathrooms, including a private ensuite bath connected to the spacious primary bedroom, creating a comfortable retreat at the end of the day. Major recent improvements—including a newer roof—allowing you to enjoy your new home with confidence. The updated kitchen & bathrooms add a special taste of modern design & convenience. Downstairs, the possibilities continue in the expansive lower level, complete with new epoxy flooring, a designated laundry area, an additional bonus room, and a large open space ready to become your dream family room, home office, fitness area, or ultimate man cave. With its impressive list of recent updates, versatile living spaces, and oversized lot, 281 Newton Rd. is the perfect blend of style, function, and value. Let's not forget the bonus room on the main level currently being used as a children's playroom. Don't miss the opportunity to make this exceptional Springfield home yours!

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: 900 sq ft (the lesser of 900 sq ft or half the 2,106 sq ft principal dwelling). Lot size: 13,155 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.