Investment Analysis — 61 Russell Street

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 4.11% cap rate and $13,514/yr in estimated NOI at the $329,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

768

Style

Single Family

Built

1941

Welcome to 61 Russell Street! This beautifully renovated Ranch offers two bedrooms, one full bathroom, and 768 square feet of living space. Built in 1941, it combines classic charm with modern updates, including a renovated kitchen with quartz countertops and brand new appliances. Hardwood floors add warmth and character throughout, while the finished basement provides valuable bonus space. A one car garage offers convenient parking and additional storage. With oil fired warm air heating, this property is move in ready.

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: 384 sq ft (the lesser of 900 sq ft or half the 768 sq ft principal dwelling). Lot size: 4,791 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 MLS and other third-party data may be inaccurate or out of date.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.