Active

142 Days on market

31 Buena Vista Plz Springfield — Photo 1 of 42

Recent Drop: $45,100

$445,000

$399,900

Investment Analysis — 31 Buena Vista Plz

Springfield, MA 01108 — Forest Park

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 10-bedroom in 01108 carries an estimated $2,320/mo in gross rent — about a 2.51% cap rate and $10,052/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

4.5

SqFt

6,868

Style

Single Family

Built

1890

Classic Forest Park Colonial offering an exceptional opportunity to restore a grand historic home. This expansive residence features 16 rooms, 10 bedrooms, 4 full bathrooms, 1 half bathroom, 5 fireplaces, and over 6,000 square feet of living space. Timeless architectural details include hardwood and parquet flooring, crown molding, wainscoting, elegant archways, multiple fireplaces, a grand gallery hallway with a barrel-vaulted ceiling, and dual staircases. Spacious rooms and a versatile floor plan provide outstanding potential for restoration, redevelopment, or investment. The property requires substantial rehabilitation, including plumbing, heating, and exterior improvements, and is being sold as-is, where-is. Seller has never occupied the property and makes no warranties or representations regarding condition. Cash or rehabilitation financing is likely required. Sale includes two adjoining parcels: Parcel 020600021, containing the residence, and vacant Parcel 020600022, totaling approximately 1.54 acres according to municipal records. Ideally located near Forest Park, schools, shopping, restaurants, and major commuter routes. Buyer and buyer’s agent to verify parcel boundaries, acreage, zoning, and permitted uses. Property may also be marketed through an online auction event. Seller will review offers submitted through the auction platform as well as through the listing agent.

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 6,868 sq ft principal dwelling). Lot size: 67,200 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.