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12 Days on market

78 Wollaston St Springfield — Photo 1 of 36

Recent Drop: $5,000

$304,900

$299,900

Investment Analysis — 78 Wollaston St

Springfield, MA 01119 — Sixteen Acres

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01119 carries an estimated $2,460/mo in gross rent — about a 6.21% cap rate and $18,629/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,648

Style

Single Family

Built

1951

Spectacular 4 bedroom brick Cape, completely remodeled on one of the cities best streets. Kitchen includes all new cabinets with granite counter top, ,all new stainless steel appliances, stove, refrigerator, dishwasher and microwave and formal dining room. Living room includes fireplace, hardwood floors, and bay window overlooking the front yard. Main bedroom, and second bedroom on first level, with a completely remodeled first floor bath. Second floor has 2 bedrooms with new wall-to-wall carpeting and spacious closet, full basement with washer and dryer and new family room with a second bonus room with new wall-to-wall carpet.

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: 824 sq ft (the lesser of 900 sq ft or half the 1,648 sq ft principal dwelling). Lot size: 5,998 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 MLS and other third-party data may be inaccurate or out of date.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.