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46 Spencer St Agawam — Photo 1 of 31

46 Spencer St Agawam — Photo 1 of 31

$279,000

Investment Analysis — 46 Spencer St

Agawam, MA 01001

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01001 carries an estimated $2,340/mo in gross rent — about a 6.16% cap rate and $17,174/yr in estimated NOI at the $279,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,080

Style

Single Family

Built

1953

Attention investors or owner occupants looking for a little sweat equity, this is the ONE! This ranch is situated on a picture-perfect street with other beautifully maintained homes and is ready for a little love. A great layout featuring a large living room with picture window, fireplace and hardwood floors that are ready for a refinish to shine again; eat-in kitchen with breakfast bar and plenty of cabinet space; three bedrooms all with hardwood floors and a full bathroom complete the main level. The basement is a blank canvas, ready to be transformed into additional living space with laundry hookups, a fireplace and a walkout to the backyard - the possibilities are endless. Other features include a breezeway with slider to the yard, a one car attached garage and plenty of outdoor living space, great for entertaining. Don't let this opportunity pass you by, this home is ready to be transformed!

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: 540 sq ft (the lesser of 900 sq ft or half the 1,080 sq ft principal dwelling). Lot size: 12,700 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$279,000
Annual Taxes$4,167

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms5
Fireplaces2
FlooringTile, Hardwood
BasementFull, Walk-Out Access, Interior Entry, Unfinished

Climate & Utilities

HeatingBaseboard, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningRA2

Property & Lot

Acres0.29
SqFt Lot12,700
Lot Features--

Amenities & Appliances

Water Heater • Tankless Water Heater • Range • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl First

Closet, Flooring - Hardwood, Window(s) - Picture, Exterior Access

Kitchen
Lvl First

Dining Area, Breakfast Bar / Nook, Exterior Access

Primary Bedroom
Lvl First

Closet, Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen

Listing Provided By

Listing Agent: Pam Weibel

Listing Office: Naples Realty Group

MLS® Number: 73575627