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34 Parkwood Street Springfield — Photo 1 of 32

34 Parkwood Street Springfield — Photo 1 of 32

$299,900

Investment Analysis — 34 Parkwood Street

Springfield, MA 01108 — Forest Park

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01108 carries an estimated $2,320/mo in gross rent — about a 5.74% cap rate and $17,223/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

1,906

Style

Single Family

Built

1901

Welcome to your next home, tucked away on a quiet dead end street in the heart of Forest Park, with convenient access to Forest Park, Porter Lake, the Connecticut River, I 91, and downtown Springfield. This inviting Colonial offers 4 bedrooms, 2.5 bathrooms, and nearly 2,000 square feet of living space spanning three levels. Inside, you’ll find updated kitchen and baths with granite countertops, stainless steel appliances, and ceramic tile, along with beautiful hardwood floors throughout and upgraded thermopane windows that bring in plenty of natural light. The second floor features a covered balcony, perfect for relaxing and enjoying warm summer evenings. Head upstairs to the third floor, where you’ll find a private primary suite complete with a walk in closet and an expansive remodeled bathroom featuring dual sinks and a glass enclosed shower with dual showerheads and a built in bench. Outside, the spacious driveway and backyard offer plenty of room to gather, entertain, and enjoy the outdoors, while the full basement and backyard shed provide laundry and plenty of additional storage.

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 1,906 sq ft principal dwelling). Lot size: 6,003 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.

Property Details

Financials

Original Price$299,900
Annual Taxes$3,935

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms11
FireplacesNone
FlooringWood, Tile, Carpet
BasementFull, Interior Entry, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR2

Property & Lot

Acres0.14
SqFt Lot6,003
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

Third
Primary BedroomBathroom 1
Second
Bedroom 2Bedroom 3Bedroom 4Bathroom 2
First
Living RoomDining RoomKitchenBathroom 3
Living Room
Lvl First

Ceiling Fan(s), Beamed Ceilings, Flooring - Hardwood, Pocket Door

Dining Room
Lvl First

Beamed Ceilings, Flooring - Hardwood, Pocket Door

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Remodeled, Stainless Steel Appliances, Gas Stove

Primary Bedroom
Lvl Third

Flooring - Hardwood, Half Vaulted Ceiling(s)

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Third

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Walk-In Closet(s), Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Remodeled

Bathroom 3
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: Eric Chou

Listing Office: eXp Realty LLC - Corporate Office

MLS® Number: 73580921