
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstCeiling Fan(s), Beamed Ceilings, Flooring - Hardwood, Pocket Door
Dining Room
Lvl FirstBeamed Ceilings, Flooring - Hardwood, Pocket Door
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Remodeled, Stainless Steel Appliances, Gas Stove
Primary Bedroom
Lvl ThirdFlooring - Hardwood, Half Vaulted Ceiling(s)
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Wall to Wall Carpet
Bedroom 4
Lvl SecondFlooring - Wall to Wall Carpet
Bathroom 1
Lvl ThirdBathroom - 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 SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Remodeled
Bathroom 3
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Eric Chou
Listing Office: eXp Realty LLC - Corporate Office
MLS® Number: 73580921








