31 Lavender Ln Springfield — Photo 1 of 36
$349,900
Investment Analysis — 31 Lavender Ln
Springfield, MA 01129 — Sixteen Acres
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01129 carries an estimated $2,340/mo in gross rent — about a 4.84% cap rate and $16,921/yr in estimated NOI at the $349,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,152
Style
Single Family
Built
1972
Get ready to fall in love with the ease and charm of this meticulously maintained 3-bedroom, 1.5-bath ranch in Springfield’s Sixteen Acres neighborhood. From the inviting landscaped yard to the updated windows, this home makes a memorable first impression before you even step inside. The main level offers 1,152 square feet of comfortable living space, featuring hardwood floors in the living and dining rooms and a remodeled kitchen designed for everyday living with ceramic tile, recessed lighting, a breakfast bar or nook, and included appliances. Three comfortable bedrooms include a primary bedroom with a half bath, while a full bath completes the main level. Central air adds everyday comfort. Need flexible space? The partially finished basement is ready for a game room, exercise area, hobby space, or relaxed hangout. Outside, enjoy a fenced yard, patio, storage, carport, and paved drive. Convenient to shopping, golf, medical facilities, and everyday amenities. This thoughtfully cared-for home delivers the well-rounded package today’s buyers are searching for. Schedule your showing and see it for yourself.
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: 576 sq ft (the lesser of 900 sq ft or half the 1,152 sq ft principal dwelling). Lot size: 10,341 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: Jaquaine Coe
Listing Office: The LGCY Group LLC
MLS® Number: 73574074