386 Parker St East Longmeadow — Photo 1 of 36
$339,900
Investment Analysis — 386 Parker St
East Longmeadow, MA 01028
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01028 carries an estimated $2,210/mo in gross rent — about a 4.32% cap rate and $14,693/yr in estimated NOI at the $339,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,152
Style
Single Family
Built
1946
Don't miss this one!! Clean as a whistle! This 2 bedroom Cape style home could very easily be 4 bedrooms with very little work. Neat and tidy, the first floor consists of eat-in kitchen with ceramic tile flooring, dining room with hardwood (that could be a bedroom by replacing/installing 2 doors), a Living room and primary bedroom with hardwood and updated full bath with ceramic tile. The wall to wall carpeted 2nd floor features a bedroom and a large room currently being used as a family room, but by adding a short wall and door, this could be another bedroom. The basement is partially finished with new wall to wall carpeting for additional recreational space. Nice large fenced in rear yard contains an above ground pool and shed. The FWA system has been updated. This one is pretty as a picture, so set your appointment up quickly.
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: 16,000 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Disposal • Refrigerator
Neighborhood
Shopping • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstCeiling Fan(s), Closet, Flooring - Hardwood
Kitchen
Lvl Main,FirstCeiling Fan(s), Flooring - Stone/Ceramic Tile, Dining Area
Family Room
Lvl BasementFlooring - Wall to Wall Carpet
Master Bedroom
Lvl Main,FirstCeiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl SecondBathroom 1
Lvl FirstBathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Thomas Morrissette
Listing Office: LAER Realty Partners
MLS® Number: 73573374