38 Green Meadow Ln West Springfield — Photo 1 of 27
$585,000
Investment Analysis — 38 Green Meadow Ln
West Springfield, MA 01089
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 5-bedroom in 01089 carries an estimated $2,070/mo in gross rent — about a 2.30% cap rate and $13,426/yr in estimated NOI at the $585,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
2,031
Style
Single Family
Built
1979
Meticulously Remodeled 5-Bedroom Cape-Style Home on ¾ Acre! Don’t miss this beautifully recently remodeled home, offering spacious living, modern updates, and plenty of privacy in a desirable West Springfield neighborhood. The first floor features an open-concept floor plan with two bedrooms and a full bathroom, creating a comfortable and functional living space. Hardwood and laminate flooring run throughout the home, with ceramic tile in the bathrooms. Enjoy the privacy of the en-suite main bedroom, complete with its own full bathroom. This versatile space could also be used as a bonus family room, home office, or additional living area. Mini-split heating and cooling systems are located throughout the home, providing efficient year-round comfort. Additional conveniences include a large 2-car garage and a storage shed. Set on a spacious ¾-acre lot, this property offers plenty of outdoor space and privacy while remaining close to area amenities. A wonderful opportunity to own a move-in-ready home in a desirable West Springfield location! Some of the pictures were digitally enhanced and virtually staged
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 2,031 sq ft principal dwelling). Lot size: 33,345 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
Electric Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood, High Speed Internet Hookup, Remodeled
Kitchen
Lvl FirstCountertops - Stone/Granite/Solid, Deck - Exterior, Remodeled
Master Bedroom
Lvl SecondBathroom - Full, Closet, Flooring - Hardwood, Double Vanity, Remodeled
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCedar Closet(s), Flooring - Hardwood, Remodeled
Bedroom 4
Lvl SecondCloset, Flooring - Laminate, Remodeled
Bedroom 5
Lvl SecondCedar Closet(s), Flooring - Laminate, Remodeled
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Stone/Ceramic Tile, Remodeled
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Flooring - Stone/Ceramic Tile, Remodeled
Bathroom 3
Lvl ThirdBathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled
Listing Agent: Victor Bortolussi
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73561477
