Active

62 Days on market

32 Marsden St Springfield — Photo 1 of 41

Recent Drop: $25,000

$349,900

$324,900

Investment Analysis — 32 Marsden St

Springfield, MA 01109

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01109 carries an estimated $2,180/mo in gross rent — about a 4.34% cap rate and $14,101/yr in estimated NOI at the $324,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

2,329

Style

Single Family

Built

1924

Seller offering fast, reliable financing options for real estate investors. Fix & Flip and DSCR financing is available with competitive rates and a streamlined process to help qualified investors move quickly. Would you like to create your own home office, art or craft studio, or potentially an ADU/in-law/caretaker/nanny/separate adult family member quarters, with private dedicated entrance? A unique opportunity awaits you in our 7 room, 3 bedroom, 1 bath vintage Colonial with original oak hardwood floors. Completely New roof in 2018. This graceful home is waiting for the right buyer. It offers an attached 5 room, 1 half bath annex suite w/ 2 separate entrances, which was a dental practice for 60 years, one owner ago. Office treatment rooms all have sinks. Annex basement section is accessed from the main house. 2 separate gas fired boilers allow separate efficient heating. Utility bills are combined for billing purposes. Buyer MUST do own due diligence w/ the City of Springfield Planning department for possible uses. Established Pine Point location on lovely street near businesses, schools & parks. Home is being sold AS IS - WHERE IS. SELLER MAY ALLOW UP TO A 10K CLOSING COST CREDIT WITH ACCEPTABLE OFFER. Some photos are virtually staged.

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 2,329 sq ft principal dwelling). Lot size: 7,540 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.