55 Arden St Springfield — Photo 1 of 32
$290,000
Investment Analysis — 55 Arden St
Springfield, MA 01118 — East Forest Park
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01118 carries an estimated $2,380/mo in gross rent — about a 6.34% cap rate and $18,376/yr in estimated NOI at the $290,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,008
Style
Single Family
Built
1943
Welcome to 55 Arden Street, a well-loved Cape in Springfield’s East Forest Park neighborhood! This inviting 3-bedroom, 1-bath home offers character, warmth and the opportunity to make it your own. Hardwood floors add charm to the living spaces, while an eat-in kitchen and first-floor bedroom and full bath provide everyday convenience. Upstairs, built-in storage makes thoughtful use of the home’s classic Cape layout. Select rooms have been freshly painted. Outside, enjoy a yard framed by mature trees with space for gardening, relaxing or gathering. Conveniently located near shopping, dining, the East Forest Park Branch Library, area schools and colleges, including Western New England University and Springfield College. Explore Forest Park, the Springfield Museums, Basketball Hall of Fame and MGM Springfield, with connections to I-91 and the Massachusetts Turnpike for regional travel. Bring your personal touches and begin your next chapter in this cherished home!
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: 504 sq ft (the lesser of 900 sq ft or half the 1,008 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Shopping
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Wood, Exterior Access
Kitchen
Lvl FirstPrimary Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset
Listing Agent: Katie Phillips
Listing Office: HB Real Estate, LLC
MLS® Number: 73578527