Investment Analysis — 83 Oklahoma St

Springfield, MA 01104

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01104 carries an estimated $2,230/mo in gross rent — about a 4.55% cap rate and $15,483/yr in estimated NOI at the $340,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,395

Style

Single Family

Built

1953

MUST SEE!! This single-family home features a beautiful kitchen with custom cabinets, gorgeous granite countertops and stainless-steel appliances. The amazing full bathroom features a walk-in shower, jetted jacuzzi tub, a double vanity with quartz countertops, recess lighting and custom linen closet, plus there is a half bathroom on the second floor. Four spacious bedrooms and beautiful windows throughout the home. One of the bedrooms on the first floor has hook up for washer and dryer and is currently being used as a laundry room and storage. New water heater installed on 6/30/2025 and inspected by the city on 7/10/2025. Basement has a family room with a fireplace and additional hookups for washer and dryer. The backyard is ideal for gatherings, featuring a large deck and a fully fenced yard. This home is ready for you to move in and make it your own! 24 hour notice required for showings.

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: 698 sq ft (the lesser of 900 sq ft or half the 1,395 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.