Investment Analysis — 55 Elmwood Ave

Holyoke, MA 01040

Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01040 carries an estimated $2,110/mo in gross rent — about a 4.75% cap rate and $14,708/yr in estimated NOI at the $309,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,440

Style

Single Family

Built

1920

Welcome to this inviting 3-bedroom, 1-bath Colonial offering comfort, character, and numerous updates throughout. A welcoming front porch provides the perfect spot to enjoy your morning coffee, unwind after a long day, or curl up with a good book.Inside, the home features a spacious layout with an oversized living room that flows seamlessly into the formal dining room, creating an ideal setting for entertaining family and friends, especially during the upcoming holiday season. The updated kitchen offers plenty of cabinet and counter space and is equipped with stainless steel appliances that will remain for the buyer’s enjoyment. The remodeled bathroom adds a fresh, modern touch.Additional highlights include gas heating, central air conditioning, and an updated roof. Three well-proportioned bedrooms with newer carpet, provide comfortable living space for family, guests, or a home office.Step outside to enjoy the spacious, fully fenced backyard, complete with a large deck—perfect for summer barbecues, outdoor gatherings, or simply relaxing while children and pets enjoy a safe place to play. A one-car garage provides added convenience and storage.Conveniently located near schools, shopping, and major highway access points, this home offers a great combination of comfort, updates, outdoor space, and accessibility. A wonderful opportunity for a first-time homebuyer looking to make this charming Colonial their own!

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: 720 sq ft (the lesser of 900 sq ft or half the 1,440 sq ft principal dwelling). Lot size: 5,001 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.