161 Wolcott Ave West Springfield — Photo 1 of 42
$309,900
Investment Analysis — 161 Wolcott Ave
West Springfield, MA 01089
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01089 carries an estimated $1,910/mo in gross rent — about a 4.50% cap rate and $13,934/yr in estimated NOI at the $309,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
792
Style
Single Family
Built
1957
Petite, neat and oh-so-sweet! This pristine three-bedroom ranch is truly move-in ready and packed with major improvements! Natural light fills the inviting living room through an oversized picture window, highlighting the newly refinished hardwood floors that continue through the hallway and into all three bedrooms, each offering generous double closets and high ceilings throughout. The bright eat-in kitchen features oak cabinetry, newer appliances and plenty of natural light, while the beautifully remodeled bath offers a fresh, crisp feel. Laundry hookups are conveniently available on both the main level and in the exceptionally clean basement, which also provides abundant storage and exciting potential for future living space. Outside, enjoy a well-groomed, level yard that is primarily fenced, plus an attached one-car garage with automatic opener and convenient access to the rear yard. Major improvements include vinyl replacement windows (2026 & 2021), automatic Generac generator (2023), gas furnace and central air (2022), gas water heater (2017), plus a newer roof, vinyl siding and garage door with automatic opener. Tucked into a quaint neighborhood setting with easy access to major roadways and everyday amenities, this charming home checks all the boxes. Cute, comfortable, updated and oh-so-easy to love—this one embodies all the right feels!
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: 396 sq ft (the lesser of 900 sq ft or half the 792 sq ft principal dwelling). Lot size: 7,200 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 • Water Heater • Range • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl FirstBedroom 3
Lvl FirstBathroom 1
Lvl FirstListing Agent: Angela M. Costello
Listing Office: Coldwell Banker Realty - Western MA
MLS® Number: 73571834