
31 Woodcrest Road Springfield — Photo 1 of 42
$279,900
Investment Analysis — 31 Woodcrest Road
Springfield, MA 01129
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 6.00% cap rate and $16,799/yr in estimated NOI at the $279,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,707
Style
Single Family
Built
1953
Welcome to 31 Woodcrest Road, a spacious and distinctive 3+ bedroom home set on a private 0.38-acre corner lot in Springfield’s sought-after Sixteen Acres neighborhood. Offering over 1,700 sq. ft. of living space, this home is full of character, generous room sizes and plenty of opportunity to make it your own. The inviting foyer opens to a large living room with fireplace and striking slate/stone flooring, which continues into the adjoining dining room. Both spaces enjoy an open feel and are complemented by an updated mini-split system. The kitchen offers ample cabinet and counter space, a dining area and sliders leading to an expansive screened-in porch with two ceiling fans overlooking the private backyard — a great spot for relaxing, entertaining or enjoying warm-weather evenings. A first-floor laundry adds everyday convenience, while hardwood flooring can be found throughout much of the bedroom and additional living areas. The flexible floor plan provides 3+ bedrooms with options for a home office, den, guest room or additional tandem 4th bedroom space. Additional features include radiant heat, updated mini-splits, a newer electric hot water tank, brick and wood exterior, basement storage and a 2-car garage under. Two driveways provide excellent parking and access. The home has some deferred maintenance and would benefit from updating, but offers a solid opportunity for a buyer looking to personalize a well-sized home in a desirable and convenient location. Close to shopping, restaurants, schools, parks and major routes, this is a unique property with space, privacy and plenty of future potential...Make your appointment 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: 854 sq ft (the lesser of 900 sq ft or half the 1,707 sq ft principal dwelling). Lot size: 16,535 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 24
Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Open Floorplan
Dining Room
Lvl First12 x 14
Vaulted Ceiling(s), Flooring - Stone/Ceramic Tile, Open Floorplan
Kitchen
Lvl First10 x 16
Flooring - Vinyl, Dining Area, Exterior Access, Slider, Lighting - Overhead
Primary Bedroom
Lvl First11 x 17
Closet, Flooring - Hardwood, Flooring - Wood
Bedroom 2
Lvl First11 x 17
Bedroom 3
Lvl First12 x 22
Closet, Flooring - Hardwood, Flooring - Wood
Bathroom 1
Lvl First7 x 11
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Listing Agent: Kelley & Katzer Team
Listing Office: Kelley & Katzer Real Estate, LLC
MLS® Number: 73575823