Active

139 Days on market

34 Preston St Springfield — Photo 1 of 34

Recent Drop: $10,000

$340,000

$330,000

Investment Analysis — 34 Preston 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 4.93% cap rate and $16,285/yr in estimated NOI at the $330,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

1,501

Style

Single Family

Built

1925

Welcome to 34 Preston St in Springfield located in a desirable location. Enjoy this warm and inviting home that blends character, comfort, and everyday functionality. With 1,501 square feet of living space, this home offers a layout that feels both spacious and welcoming from the moment you walk in. Inside, you’ll find three comfortable bedrooms, two full bathrooms, and an additional half bath, giving everyone plenty of space and convenience. The finished basement adds even more room to enjoy, perfect for a family room, home office, playroom, gym, or entertaining space. This home offers a recent newly installed roof, offering peace of mind for years to come. Throughout the home you’ll appreciate the mix of charm and practical living spaces that make it easy to feel right at home. If you’re looking for a home with character, extra living space, and a great feel throughout, this home is one you won’t want to miss.

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: 751 sq ft (the lesser of 900 sq ft or half the 1,501 sq ft principal dwelling). Lot size: 5,018 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.