198 Union Rd Wales — Photo 1 of 42
Recent Drop: $95,000
$435,000
Investment Analysis — 198 Union Rd
Wales, MA 01081
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 4-bedroom in 01081 carries an estimated $2,600/mo in gross rent — about a 4.15% cap rate and $18,061/yr in estimated NOI at the $435,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
3,616
Style
Single Family
Built
1950
Nestled in a desirable residential neighborhood, this spacious single-family home offers tremendous potential. With a little TLC, its solid structure and timeless charm can be beautifully restored. The property features a thoughtful layout, hardwood floors, a stunning fireplace living room, and ample space for entertaining. A great opportunity to create the home of your dreams! This property is eligible under the First Look Initiative which expires after 30 full days on market. No investor offers until first look period expires. No offers regardless of buyer type will not be negotiated within the first 7 days of listing.
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 3,616 sq ft principal dwelling). Lot size: 76,230 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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$435,000
Was $455,000
Jun 18, 2026
MLS® 73424551
$455,000
Was $470,000
Apr 6, 2026
MLS® 73424551
$470,000
Was $485,000
Feb 17, 2026
MLS® 73424551
$485,000
Was $499,000
Jan 9, 2026
MLS® 73424551
$499,000
Was $515,000
Dec 7, 2025
MLS® 73424551
$515,000
Was $530,000
Oct 23, 2025
MLS® 73424551
$530,000
Sep 2, 2025
MLS® 73424551
Listing Agent: The Ponte Group
Listing Office: Keller Williams South Watuppa
MLS® Number: 73424551
