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36 Silver Lake Dr Agawam — Photo 1 of 40

36 Silver Lake Dr Agawam — Photo 1 of 40

$315,000

Investment Analysis — 36 Silver Lake Dr

Agawam, MA 01001

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01001 carries an estimated $2,340/mo in gross rent — about a 5.40% cap rate and $16,997/yr in estimated NOI at the $315,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,062

Style

Single Family

Built

1950

Opportunity awaits with this charming three-bedroom ranch, ideally situated in one of Agawam’s most desirable neighborhoods. The inviting living room features hardwood floors and a large picture window that fills the space with natural light. The eat-in kitchen offers a comfortable setting for everyday meals. A spacious primary bedroom provides ample closet space, complemented by two additional bedrooms and a versatile bonus room—perfect for a home office, dressing room, or creative space. The partially finished lower level offers additional possibilities for a recreation room, home gym, hobby area, or whatever suits your needs. Updated windows add to the home’s appeal. Outside, the level yard provides privacy and plenty of room for entertaining, gardening, and outdoor enjoyment. A large, detached two-car garage offers additional parking and storage and is being sold in as-is condition. The property also includes lake rights and a one-tenth ownership interest in a private lake lot. With one-level living, a desirable location, and so much potential, this home is ready for your personal vision. The Silver Lake Corporation charges a fee of $49 a year to have access to Silver Lake. Non motorized boats acceptable.

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: 531 sq ft (the lesser of 900 sq ft or half the 1,062 sq ft principal dwelling). Lot size: 15,332 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.

Open Houses

Property Details

Financials

Original Price$315,000
Annual Taxes$4,344

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms5
FireplacesNone
Flooring--
BasementPartially Finished

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRA2

Property & Lot

Acres0.35
SqFt Lot15,332
Lot Features--

Amenities & Appliances

Range • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomOfficePrimary BedroomBedroom 2Bedroom 3Bathroom 1
Main,First
Kitchen
Living Room
Lvl First

11.7 x 13.11

Flooring - Hardwood, Window(s) - Picture

Dining Room
Lvl First

11.6 x 9.5

Flooring - Vinyl

Kitchen
Lvl Main,First

7.7 x 11.6

Flooring - Vinyl, Dining Area, Balcony - Exterior

Office
Lvl First

5.1 x 10

Closet

Primary Bedroom
Lvl First

11.2 x 14.2

Closet, Flooring - Hardwood

Bedroom 2
Lvl First

9.4 x 13.6

Bedroom 3
Lvl First

9.1 x 13.6

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Full

Listing Provided By

Listing Agent: Joanne Papadimitriou

Listing Office: Coldwell Banker Realty - Western MA

MLS® Number: 73575506