53 Silver Street Springfield — Photo 1 of 31
$279,900
Investment Analysis — 53 Silver Street
Springfield, MA 01107
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01107 carries an estimated $2,200/mo in gross rent — about a 5.85% cap rate and $16,361/yr in estimated NOI at the $279,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
864
Style
Single Family
Built
1970
Welcome home to this well-maintained 3-bedroom, 1-bath ranch offering comfortable one-level living, an open-concept floor plan, fresh paint, and new lighting throughout. Enjoy your morning coffee or family gatherings on the inviting covered front porch. The roughly finished basement provides additional rooms and flexible space for an office, recreation area, workout space, or storage. Large backyard offers plenty of room for outdoor enjoyment and entertaining. Updates include roof approximately 3 years old. Propane gas heat and electric hot water. Conveniently located near hospitals, major highways, shopping, dining, and everyday amenities. A wonderful opportunity for a first-time buyer, downsizer, or anyone looking for a well-cared-for home with additional space. Book your appointments today!
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: 432 sq ft (the lesser of 900 sq ft or half the 864 sq ft principal dwelling). Lot size: 6,250 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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Yadira Pacheco
Listing Office: Lock and Key Realty Inc.
MLS® Number: 73577410