164 Hovey Rd Monson — Photo 1 of 40
Recent Drop: $20,000
$975,000
Investment Analysis — 164 Hovey Rd
Monson, MA 01057
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01057 carries an estimated $1,910/mo in gross rent — about a 0.48% cap rate and $4,636/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
4.5
SqFt
3,938
Style
Single Family
Built
1995
Looking for a luxury home featuring an upscale, independent in-law apartment with stunning views - just minutes to the Mass Pike.Perched on nearly 3 private acres, this extraordinary Monson property offers breathtaking panoramic views of mountains, city lights, and sunsets—a truly rare setting you’ll enjoy every day.Designed for flexibility and comfort, this is not just a home with an in-law apartment, it’s two homes in one, thoughtfully configured with three full kitchens and multiple living spaces, making it ideal for multi-generational living, extended family, or guests.Standout Features · 3 full kitchens for ultimate independence and convenience · Spacious open-concept main level with upgraded kitchen, granite counters, and stainless appliances . 1st-floor primary suite with access to a screened porch· Fully independent living space with its own entrance, deck, and garage—ideal for extended family or flexible use.· Finished walkout basement with kitchen, perfect for large gatherings, 3 car & 2 car garages and 3 miles from MA PIKE.
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 3,938 sq ft principal dwelling). Lot size: 126,760 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Oven • Dishwasher • Refrigerator • Washer • Dryer • Gas Cooktop
Neighborhood
Shopping • Medical Facility • Laundromat • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 21
Flooring - Hardwood, Exterior Access, Recessed Lighting
Dining Room
Lvl First9 x 14
Flooring - Hardwood, Exterior Access, Open Floorplan
Kitchen
Lvl First11 x 14
Bathroom - Half, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Window(s) - Picture, Pantry, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Peninsula
Office
Lvl First11 x 17
Fireplace, Flooring - Stone/Ceramic Tile, Exterior Access, Recessed Lighting
Master Bedroom
Lvl First14 x 19
Bathroom - Full, Bathroom - Double Vanity/Sink, Ceiling Fan(s), Flooring - Wood, Balcony / Deck, Recessed Lighting
Bedroom 2
Lvl Second11 x 13
Bedroom 3
Lvl Second11 x 17
Ceiling Fan(s), Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 4
Lvl SecondBathroom 1
Lvl First11 x 12
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Ceiling Fan(s), Walk-In Closet(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting
Bathroom 3
Lvl Basement8 x 10
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Property History
$975,000
Was $995,000
Aug 23, 2026
MLS® 73536664
$995,000
Jun 16, 2026
MLS® 73536664
Listing Agent: Stephen Byrne
Listing Office: First Place Realty
MLS® Number: 73536664
