4 Wolfe St Springfield — Photo 1 of 24
$314,900
Investment Analysis — 4 Wolfe St
Springfield, MA 01020
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01020 carries an estimated $1,730/mo in gross rent — about a 4.01% cap rate and $12,622/yr in estimated NOI at the $314,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
884
Style
Single Family
Built
1946
Discover the potential of this charming 2-bedroom, 1-bath home situated on a desirable corner lot in Springfield. Offering a comfortable layout, this property provides an excellent opportunity for first-time buyers, those looking to downsize, or anyone seeking a place to make their own. A spacious basement offers abundant storage and flexibility for future use, while off-street parking adds everyday convenience. The yard provides room to relax, garden, or enjoy outdoor activities. Conveniently located near parks, local amenities, and neighborhood conveniences, this home combines comfort, practicality, and opportunity in an established Springfield setting. Qualified buyers may be eligible for up to $25,000 in down payment assistance through the MassHousing program. This program offers 0% interest with deferred repayment, helping to cover down payment, closing costs, prepaid mortgage insurance, or even reduce your interest rate buyer to confirm with MFHA approved lender.
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: 442 sq ft (the lesser of 900 sq ft or half the 884 sq ft principal dwelling). Lot size: 5,406 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: The Ponte Group
Listing Office: Keller Williams South Watuppa
MLS® Number: 73549172