243 Shady Brook Ln Springfield — Photo 1 of 38
$279,900
Investment Analysis — 243 Shady Brook Ln
Springfield, MA 01118 — East Forest Park
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01118 carries an estimated $2,380/mo in gross rent — about a 6.82% cap rate and $19,094/yr in estimated NOI at the $279,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,034
Style
Single Family
Built
1953
Move right in and start enjoying this beautifully renovated 3-bedroom, 1.5-bath home tucked away on a quiet, no-through-traffic street near Tree Top Park. Nearly every inch has been touched, with updates including a new roof, siding, windows, paint, flooring, appliances and more. The bright, fresh interior offers an updated kitchen with stainless steel appliances, updated baths, forced hot air by gas and central air.Step outside and you’ll quickly see what makes this property special. The oversized 15,000+ sq. ft. lot features a wide-open backyard, two storage sheds and a peaceful setting backing directly to expansive conservation land. Enjoy beautiful fall foliage views right from the house or backyard as the surrounding conservation land comes alive with color. Picture crisp autumn evenings around the fire pit, summer cookouts with friends, or simply relaxing while taking in the privacy, open space and wooded backdrop. A fully refreshed home, a great yard and a tucked-away location—all at $279,900.
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: 517 sq ft (the lesser of 900 sq ft or half the 1,034 sq ft principal dwelling). Lot size: 15,298 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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Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
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Listing Agent: Anthony Ardolino
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73574931
