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356 Springfield St Wilbraham — Photo 1 of 42

356 Springfield St Wilbraham — Photo 1 of 42

$395,000

Investment Analysis — 356 Springfield St

Wilbraham, MA 01095

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01095 carries an estimated $1,730/mo in gross rent — about a 2.78% cap rate and $10,979/yr in estimated NOI at the $395,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,662

Style

Single Family

Built

1949

This unique and inviting split ranch home offers an impressive amount of living space, thoughtful updates, a fantastic private yard, and warmth and charm that you will immediately feel when you see it in person. The main level features a beautiful new kitchen with antique white soft-close cabinetry, quartz countertops, stainless appliances, a workstation sink, hardwood flooring, and an open concept dining area. The adjoining living room offers hardwood floors, crown molding, and a fireplace for added warmth and charm. Just a few steps upstairs are two hardwood-floored bedrooms, one of which has double closets, and a fully renovated bath with a quartz-topped double vanity, abundant cabinet storage, and beautifully tiled shower. Downstairs, a spacious finished lower level offers flexible space for a family room, office, or rec room, plus a laundry closet and utility room. A climate-controlled four-season room with skylights, classic wood siding, and clay tile flooring connects the home to the attached two-car garage and opens to a large, partially covered patio. Outside you'll find expansive level lawns, mature and varied landscaping, privacy hedges and fencing, plus a large and versatile shed on its own concrete slab. Major improvements include new windows and exterior doors, conversion to natural gas with a brand-new forced-air heating system and central air conditioning, extensive new plumbing and electrical, and a new septic tank. A truly unique home offering character, modern comforts, flexible living space, and a wonderful outdoor setting!

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: 831 sq ft (the lesser of 900 sq ft or half the 1,662 sq ft principal dwelling). Lot size: 20,000 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.

Open Houses

Property Details

Financials

Original Price$395,000
Annual Taxes$4,799

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Hardwood
BasementPartial, Crawl Space, Partially Finished, Sump Pump, Slab

Climate & Utilities

HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningR26

Property & Lot

Acres0.46
SqFt Lot20,000
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Electric Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Plumbed For Ice Maker

Neighborhood

Shopping • Park • Golf • Medical Facility • Laundromat • House of Worship

Geography

Floorplan Breakdown

Structural Layout

First
Living Room
Unknown
KitchenPrimary Bedroom
Living Room
Lvl First

Flooring - Hardwood, Window(s) - Picture, Lighting - Overhead, Crown Molding

Kitchen
Lvl null

Flooring - Hardwood, Exterior Access, Open Floorplan, Remodeled, Stainless Steel Appliances, Lighting - Overhead

Primary Bedroom
Lvl null

Closet, Flooring - Hardwood, Lighting - Overhead

Listing Provided By

Listing Agent: Patriot Living Group

Listing Office: Lock and Key Realty Inc.

MLS® Number: 73576534