Investment Analysis — 58 Appleton St

Springfield, MA 01108 — Forest Park

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01108 carries an estimated $2,150/mo in gross rent — about a 5.13% cap rate and $15,657/yr in estimated NOI at the $305,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,540

Style

Single Family

Built

1921

Welcome to this charming 3-bedroom, 1.5-bathroom home located in the heart of Springfield, MA. This property offers a perfect blend of classic character and modern upgrades. Inside, you’ll find refinished hardwood floors throughout and fresh paint, creating a warm, elegant, and truly move-in-ready atmosphere. The updated kitchen is ideal for any home chef, featuring new cabinetry and durable vinyl plank flooring for both style and easy maintenance. The living area is highlighted by a cozy fireplace, serving as a welcoming focal point for relaxing evenings. All three bedrooms are generously sized, providing comfort and versatility, while an additional bonus room in the attic offers extra space for a home office, playroom, or guest area. Both bathrooms have been well maintained, offering convenience for family and guests alike. Enjoy a fenced-in yard, perfect for entertaining, pets, or outdoor activities. This is an approved Short Sale opportunity.

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: 770 sq ft (the lesser of 900 sq ft or half the 1,540 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.