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2 Drake Lane Holyoke — Photo 1 of 26

2 Drake Lane Holyoke — Photo 1 of 26

$395,000

Investment Analysis — 2 Drake Lane

Holyoke, MA 01040

Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 3-bedroom in 01040 carries an estimated $2,110/mo in gross rent — about a 3.40% cap rate and $13,438/yr in estimated NOI at the $395,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,480

Style

Single Family

Built

1960

A great home with a wonderful floor plan this ranch has it all, easy one- level living with 3 bedrooms, 2 full baths, and a 2 car garage first floor laundry. Beautiful hardwood floors throughout, spacious living/dining room combo with a fireplace offers plenty of room to gathering bein to enjoy Holiday entertaining.Spacious kitchen with stainless steel appliances, granite counter tops eat in kitchen lovely sunroom with built in shelving overlooking the back yard, deck, shed ,newer fenced in yard, gas heat and hot water. Open house 12-2 Saturday 9/19, 2026 and Sunday 9/20 11:30-1:00

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: 740 sq ft (the lesser of 900 sq ft or half the 1,480 sq ft principal dwelling). Lot size: 19,419 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 MLS and other third-party data may be inaccurate or out of date.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.

Open Houses

Property Details

Financials

Original Price$395,000
Annual Taxes$5,805

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms6
Fireplaces1
FlooringVinyl, Carpet, Hardwood
BasementFull

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick
RoofShingle
FoundationConcrete Perimeter
ZoningRes

Property & Lot

Acres0.45
SqFt Lot19,419
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Walk/Jog Trails • Golf • Medical Facility • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Stainless Steel Appliances

Primary Bedroom
Lvl First

Bathroom - Full, Closet

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood

Listing Provided By

Listing Agent: Luiza Berman

Listing Office: Park Square Realty

MLS® Number: 73578345