
36 Silver Lake Dr Agawam — Photo 1 of 40
$315,000
Investment Analysis — 36 Silver Lake Dr
Agawam, MA 01001
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01001 carries an estimated $2,340/mo in gross rent — about a 5.40% cap rate and $16,997/yr in estimated NOI at the $315,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,062
Style
Single Family
Built
1950
Opportunity awaits with this charming three-bedroom ranch, ideally situated in one of Agawam’s most desirable neighborhoods. The inviting living room features hardwood floors and a large picture window that fills the space with natural light. The eat-in kitchen offers a comfortable setting for everyday meals. A spacious primary bedroom provides ample closet space, complemented by two additional bedrooms and a versatile bonus room—perfect for a home office, dressing room, or creative space. The partially finished lower level offers additional possibilities for a recreation room, home gym, hobby area, or whatever suits your needs. Updated windows add to the home’s appeal. Outside, the level yard provides privacy and plenty of room for entertaining, gardening, and outdoor enjoyment. A large, detached two-car garage offers additional parking and storage and is being sold in as-is condition. The property also includes lake rights and a one-tenth ownership interest in a private lake lot. With one-level living, a desirable location, and so much potential, this home is ready for your personal vision. The Silver Lake Corporation charges a fee of $49 a year to have access to Silver Lake. Non motorized boats acceptable.
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: 531 sq ft (the lesser of 900 sq ft or half the 1,062 sq ft principal dwelling). Lot size: 15,332 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First11.7 x 13.11
Flooring - Hardwood, Window(s) - Picture
Dining Room
Lvl First11.6 x 9.5
Flooring - Vinyl
Kitchen
Lvl Main,First7.7 x 11.6
Flooring - Vinyl, Dining Area, Balcony - Exterior
Office
Lvl First5.1 x 10
Closet
Primary Bedroom
Lvl First11.2 x 14.2
Closet, Flooring - Hardwood
Bedroom 2
Lvl First9.4 x 13.6
Bedroom 3
Lvl First9.1 x 13.6
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full
Listing Agent: Joanne Papadimitriou
Listing Office: Coldwell Banker Realty - Western MA
MLS® Number: 73575506
