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114 Hood St Springfield — Photo 1 of 34

114 Hood St Springfield — Photo 1 of 34

$159,999

Investment Analysis — 114 Hood St

Springfield, MA 01109 — Pine Point Neighborhood

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 1-bedroom in 01109 carries an estimated $1,420/mo in gross rent — about a 6.73% cap rate and $10,765/yr in estimated NOI at the $159,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1.5

SqFt

400

Style

Single Family

Built

1920

Opportunity awaits in Springfield! This 1-bedroom, 1.5-bath single-family home offers approximately 400+ sq. ft. of living space in a functional layout, not including the additional 160 sq. ft offered in the enclosed porch. While the interior is modest in size, the property is well cared for, turnkey and offers beautiful outdoor space that expands the possibilities beyond the home itself. For buyers considering condo living, this property offers the advantage of no HOA fees along with the privacy of its own outdoor space. Schedule your showing to see the space and outdoor area firsthand.

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: 200 sq ft (the lesser of 900 sq ft or half the 400 sq ft principal dwelling). Lot size: 5,000 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 MLS and other third-party data may be inaccurate or out of date.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.

Property Details

Financials

Original Price$159,999
Annual Taxes$2,185

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms3
FireplacesNone
FlooringVinyl, Carpet
BasementFull, Bulkhead

Climate & Utilities

HeatingElectric Baseboard, Pellet Stove
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationBlock
ZoningR1

Property & Lot

Acres0.11
SqFt Lot5,000
Lot Features--

Amenities & Appliances

Electric Water Heater • Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Laundromat • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBathroom 1
Basement
Bathroom 2
Living Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl First
Bathroom 1
Lvl First
Bathroom 2
Lvl Basement
Listing Provided By

Listing Agent: Barbara Rosas

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73577636