Investment Analysis — 49 Carew Terrace

Springfield, MA 01104

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01104 carries an estimated $1,820/mo in gross rent — about a 4.18% cap rate and $12,534/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

924

Style

Single Family

Built

1939

Welcome home to this cozy and charming Cape Cod! With many of the big-ticket updates already completed, this home is move-in ready and waiting for you to add your personal style. The main level features a comfortable open floor plan with a tasteful, neutral color palette and beautiful hardwood flooring throughout, making everyday living and cleaning a breeze. The updated kitchen offers classic white cabinetry, granite countertops, and modern stainless-steel appliances. The refreshed bathroom features ceramic tile flooring and a clean, modern design. Upstairs, you'll find freshly painted bedrooms offering comfortable and inviting spaces to relax. The enclosed porch provides the perfect spot to curl up with a good book, enjoy your morning coffee, or simply unwind. The basement is mostly finished and offers additional living space—just add the flooring of your choice to make it your own. Outside, enjoy entertaining, gardening, or relaxing in the spacious fenced-in rear yard, complete with a patio. With so many updates already completed, this adorable Cape Cod is ready for you to move in, settle down, and make it home!Additional highlights include an attached garage, enclosed porch, patio, updated siding, roof, and windows, along with a remodeled kitchen and bathroom and modern mechanical systems. Please note: the windows in the enclosed porch have not been updated.

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: 462 sq ft (the lesser of 900 sq ft or half the 924 sq ft principal dwelling). Lot size: 5,250 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.