
1388 Bay St Springfield — Photo 1 of 39
Recent Drop: $10,000
$289,900
Investment Analysis — 1388 Bay 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 5.24% cap rate and $15,198/yr in estimated NOI at the $289,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,869
Style
Single Family
Built
1930
Whether you're buying your first home or need more room to grow into, this one's built to fit both. Step inside to a first floor finished with durable, newer vinyl flooring throughout. The kitchen has been updated with clean white cabinetry and flows easily into a bright living room anchored by a classic wood-burning fireplace. A sun-filled sunroom off the living area gives you flexible space for a home office, playroom, or reading nook, while the separate dining room keeps things functional for everyday meals and holidays alike. Upstairs, laminate flooring runs throughout three good-sized bedrooms, each with closet storage, plus a full bathroom finished with tile ceramic flooring. Beyond the bedrooms, a walk-up attic adds valuable bonus space, perfect for storage, a future office, or creative buildout down the road. The basement is partially finished with wall-to-wall carpeting, giving you even more livable square footage for a rec room, gym, or hangout space, with plenty of room left over for storage and mechanicals. Outside, enjoy a fenced yard for privacy and easy outdoor living, all set on a quiet residential street close to everything Springfield has to offer.Whether this is your first home or your next one, this Colonial offers the space and flexibility to grow into. Schedule your showing 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: 900 sq ft (the lesser of 900 sq ft or half the 1,869 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First23 x 12
Flooring - Laminate, Cable Hookup, Exterior Access, Remodeled
Dining Room
Lvl Main,First12 x 11
Flooring - Laminate
Kitchen
Lvl Main,FirstBathroom - Half, Flooring - Laminate, Cabinets - Upgraded, Exterior Access, Remodeled
Master Bedroom
Lvl Second11 x 11
Closet, Flooring - Laminate
Bedroom 2
Lvl Second12 x 11
Bedroom 3
Lvl Third11 x 9
Closet, Flooring - Laminate, Attic Access
Bathroom 1
Lvl Second11 x 7
Bathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl First8 x 4
Bathroom - Half, Flooring - Stone/Ceramic Tile
Property History
$289,900
Was $299,900
Sep 10, 2026
MLS® 73566193
$299,900
Aug 20, 2026
MLS® 73566193
Listing Agent: Carlos Ramos
Listing Office: Executive Real Estate, Inc.
MLS® Number: 73566193
