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321 Days on market
Lot 3 Washington Rd Brimfield — Photo 1 of 6

Lot 3 Washington Rd Brimfield — Photo 1 of 6

$59,900

Investment Analysis — Lot 3 Washington Rd

Brimfield, MA 01010

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a home in 01010 carries an estimated $950/mo in gross rent — about a 12.96% cap rate and $7,765/yr in estimated NOI at the $59,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

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SqFt

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Style

Residential

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Priced Below Assessed Value – Affordable Country Building Lot Near the Quaboag RiverTake advantage of this affordable opportunity to own a residential building lot priced below assessed value. Located in a peaceful country setting, this property offers the perfect balance of rural living and convenient access to shopping, dining, schools, and major commuter routes.The lot features a natural plateau that may provide an ideal building site for your future home, with views overlooking open fields across the road. Whether you're planning a primary residence, retirement home, or investment property, this parcel offers excellent value and potential.Outdoor enthusiasts will appreciate the proximity to the scenic Quaboag River, which is regularly stocked by the Massachusetts Division of Fisheries & Wildlife, providing excellent fishing and recreational opportunities nearby. Enjoy the beauty of nature, local wildlife, and the relaxed pace of country living while remaining close to everyday conveniences.Affordable building lots in desirable rural locations are becoming increasingly difficult to find. If you've been searching for land to build your dream home without breaking the budget, this property deserves a closer look.Buyer to perform all due diligence regarding zoning, permits, utilities, and intended use.

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

Original Price$59,900
Annual Taxes$899

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPrivate
SewerPrivate Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningAR

Property & Lot

Acres1.63
SqFt Lot71,133
Lot FeaturesWooded

Neighborhood

Shopping • Walk/Jog Trails • Golf • Conservation Area • Highway Access • House of Worship

Geography

Listing Provided By

Listing Agent: Susan Como

Listing Office: Buy Rite Home

MLS® Number: 73450079