18 Cedar Oak Lane Hampden — Photo 1 of 23
$350,000
Investment Analysis — 18 Cedar Oak Lane
Hampden, MA 01036
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01036 carries an estimated $2,030/mo in gross rent — about a 4.13% cap rate and $14,453/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,084
Style
Single Family
Built
1957
Welcome to Cedar Oak Lane! This inviting 3-bedroom, 1-bath ranch offers easy single-level living, a spacious layout, and a large, fully fenced-in yard. Thoughtfully maintained and featuring several key updates, the home is move-in ready while still offering plenty of opportunity to make it your own. The kitchen was updated in 2019, the bathroom in 2020, and the roof was replaced in 2020. Additional improvements include 200-amp electrical service and a septic system installed in 2012. The home offers a versatile heating system with forced hot air serving both the main level and basement, complemented by baseboard hot-water heat in one room, along with a dual-furnace setup and single oil tank. A full basement provides abundant storage and additional usable space, while the single-car garage offers convenient parking and storage. Outside, the expansive fenced-in yard creates a private setting with plenty of room for entertaining, gardening, recreation, or simply enjoying the outdoors. Showing begin immediately.
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: 542 sq ft (the lesser of 900 sq ft or half the 1,084 sq ft principal dwelling). Lot size: 20,037 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.
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Listing Agent: Aliyah Hildigunnarsson
Listing Office: Gallagher Real Estate
MLS® Number: 73568183