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2 Days on market
37 Wells St Springfield — Photo 1 of 39

37 Wells St Springfield — Photo 1 of 39

$599,900

Investment Analysis — 37 Wells St

Springfield, MA 01104

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01104 carries an estimated $2,410/mo in gross rent — about a 2.58% cap rate and $15,459/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,720

Style

Single Family

Built

2015

Welcome to 37 Wells Street! Located in the desirable Courthouse Yard neighborhood surrounded by newer, well maintained homes. From the moment you pull up, it’s clear this home has been lovingly cared for with a beautifully manicured yard, white picket fence in the front, and privacy fencing in the backyard. Built in 2015, this spacious 4-bedroom, 2.5-bath home offers 2,720 sq. ft. of comfortable living space and an open layout designed for everyday living and entertaining. The first floor features a spacious living room and dining area, convenient half bath, updated fixtures, and a beautiful kitchen complete with ample cabinetry and granite countertops. Sliders off the kitchen lead directly to your own private backyard oasis!! The outdoor space is truly something special, featuring an outdoor kitchen with a stovetop and sink, paver patio, fire pit with built-in seating, outdoor pond, shed, and playscape. The fully fenced yard also includes an irrigation system and generator hookup for added convenience!!Upstairs, you’ll find four spacious bedrooms, including a primary bedroom with a walk-in closet, plus a generously sized laundry room conveniently located on the second floor. Add in the two-car garage and newer construction, and you have a home that offers space, privacy, functionality, and an incredible setting for entertaining or simply enjoying your own backyard. Easy to view! Open House Saturday and Sunday from 11am-12:30pm!

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: 900 sq ft (the lesser of 900 sq ft or half the 2,720 sq ft principal dwelling). Lot size: 7,501 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$599,900
Annual Taxes$6,520

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Tile, Hardwood
BasementFull, Bulkhead, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas, Propane
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres0.17
SqFt Lot7,501
Lot Features--

Amenities & Appliances

Water Heater • Range • Disposal • Microwave • Refrigerator • Freezer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4
First
Living Room
Main,First
Dining RoomKitchen
Living Room
Lvl First

Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Window(s) - Picture, Open Floorplan, Recessed Lighting

Dining Room
Lvl Main,First

Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Recessed Lighting

Kitchen
Lvl Main,First

Closet, Flooring - Hardwood, Dining Area, Countertops - Upgraded, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances

Primary Bedroom
Lvl Second

Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Closet, Flooring - Wood, Window(s) - Picture

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second
Listing Provided By

Listing Agent: Sheila Perez

Listing Office: Naples Realty Group

MLS® Number: 73578687