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47 Preston St Springfield — Photo 1 of 14

47 Preston St Springfield — Photo 1 of 14

$285,000

Investment Analysis — 47 Preston St

Springfield, MA 01109

Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01109 carries an estimated $2,180/mo in gross rent — about a 5.81% cap rate and $16,563/yr in estimated NOI at the $285,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,382

Style

Single Family

Built

1925

Charming and well-maintained Colonial-style home featuring a welcoming front porch with new flooring, a spacious living room with a beautiful fireplace and built-in, and a formal dining room with an additional built-in. The large updated kitchen offers a comfortable dining area, while three generously sized bedrooms provide ample closet space. The Updated bathrooms are a plus This backyard features a large covered outdoor entertainment area, providing a comfortable space for gatherings and relaxing outdoors. The expansive metal canopy offers protection from the elements, while the patio area includes space for outdoor dining and seating. The fully fenced yard, mature trees, landscaped areas, and additional storage shed create a private and functional outdoor setting.Additional highlights include abundant storage throughout and a super-clean basement offering excellent additional space. A wonderful opportunity to own a home full of character, functionality, and pride of ownership.

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: 691 sq ft (the lesser of 900 sq ft or half the 1,382 sq ft principal dwelling). Lot size: 5,001 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$285,000
Annual Taxes$3,319

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Vinyl
BasementFull

Climate & Utilities

HeatingSteam, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock
ZoningR1

Property & Lot

Acres0.11
SqFt Lot5,001
Lot Features--

Amenities & Appliances

Gas Water Heater

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Listing Provided By

Listing Agent: Migdalia Buxo

Listing Office: Berkshire Hathaway HomeServices Realty Professionals

MLS® Number: 73571358