Investment Analysis — 74 Springfield St

Springfield, MA 01107

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01107 carries an estimated $1,790/mo in gross rent — about a 2.74% cap rate and $11,497/yr in estimated NOI at the $419,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,476

Style

Single Family

Built

1967

Welcome to an exceptional opportunity in the highly desirable Atwater Park neighborhood, where timeless appeal meets effortless single-floor living. Set on over an acre of private grounds, this distinctive home offers an inviting combination of space, sophistication, and comfort. Inside are gleaming wood floors that flow throughout the bright sunny rooms, creating a warm and welcoming atmosphere. The beautifully updated kitchen features quartz countertops, stainless appliances, quality finishes, and recessed lighting, offering both style and functionality for everyday living and entertaining. A striking double-sided fireplace serves as an elegant focal point, bringing warmth and ambiance to the living spaces. Thoughtfully updated baths provide a fresh, modern feel, while the spacious two-car garage adds convenience and ample storage. Outside is the expansive acre-plus property offers privacy and plenty of room to entertain, garden, or simply relax and enjoy the setting.

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: 738 sq ft (the lesser of 900 sq ft or half the 1,476 sq ft principal dwelling). Lot size: 72,166 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.