Investment Analysis — 89 W. Alvord St

Springfield, MA 01108

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 6.31% cap rate and $16,400/yr in estimated NOI at the $260,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,120

Style

Single Family

Built

1921

This is the kind of house where the space just makes sense. Come in from the covered front porch and the living and dining rooms flow right into each other, with wood floors, original built-ins and plenty of room for everyday life. The kitchen has the cabinet and counter space you need, and the stainless appliances are staying. With 1,120 square feet mostly on one level, you’re not paying for rooms you may never use. There are three bedrooms, including a tandem room that could easily become your home office, dressing room, sitting room or whatever space you’ve been missing. Downstairs, the full unfinished basement keeps storage, laundry and all the extra stuff out of your everyday living space. And then there’s the backyard. It’s fenced, there’s room to garden, enough lawn to actually enjoy, and the firepit is already there for nights outside. The roof and front and side porches were redone within the last year, too. All of this in Springfield’s Forest Park neighborhood, near Forest Park, the Sumner Avenue corridor, shopping, restaurants and public transportation. It’s not about having the biggest house. It’s about having a house where you’ll actually use the space you have.

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: 560 sq ft (the lesser of 900 sq ft or half the 1,120 sq ft principal dwelling). Lot size: 6,098 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.