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6 Days on market

34 Skyridge Ln Springfield — Photo 1 of 37

$305,000

Investment Analysis — 34 Skyridge Ln

Springfield, MA 01128 — Sixteen Acres

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01128 carries an estimated $1,890/mo in gross rent — about a 4.24% cap rate and $12,919/yr in estimated NOI at the $305,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,490

Style

Single Family

Built

1956

Desirable Sixteen Acres location and located at the end of a cul-de-sac! Close to East Longmeadow, shopping, and restaurants, and just minutes from I-91, I-90, major airports, and hospitals.This adorable Ranch home features 2 bedrooms, 2 full bathrooms, and generous primary bedroom closet space. The main level boasts gleaming hardwood floors, an updated kitchen with white Shaker style cabinets, Viscount granite countertops, subway style tiled backsplash and stainless steel appliances, mini-split cooling, and a spacious living room /dining room combination centered around a cozy wood-burning stove which also adds supplemental heating to the house. Step outside through the Dining room onto a massive and redone screened-in porch, ideal for relaxing while overlooking your private backyard. The lower level has been meticulously finished with a striking tray ceiling design—offering the perfect setup for a home office, play room or accommodating out-of-town guests—and includes a 2nd full bathroom with a shower stall, and tile floor. The adjoining room is a laundry room. There are 3 ways to heat this home, wood stove, oil-fired boiler, and mini-split heat pump. Refrigerator (2023), Dishwasher (2026), Microwave (2026), Range (2025), 1 - 24K BTU Minisplit covers the kitchen, Living room areas, Radiant heat flooring in main bathroom, water filtration system into a separate kitchen faucet and refrigerator. No showings until Saturday .

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: 745 sq ft (the lesser of 900 sq ft or half the 1,490 sq ft principal dwelling). Lot size: 12,776 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.