47 Thyme Ln Springfield — Photo 1 of 25
$299,900
Investment Analysis — 47 Thyme Ln
Springfield, MA 01129
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01129 carries an estimated $2,340/mo in gross rent — about a 5.72% cap rate and $17,165/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
960
Style
Single Family
Built
1970
Welcome to 47 Thyme Ln, a charming 3-bedroom ranch offering a wonderful opportunity to make a home your own in one of the most desirable neighborhoods near the Springfield/Wilbraham town line. Step inside to an inviting eat-in kitchen with sight lines into the living room, creating a comfortable layout that keeps everyone connected. Thoughtful updates include a new roof, windows, hot water heater, and driveway, while the large open basement offers excellent potential for future additional living space. Outside, enjoy a fenced backyard with plenty of room for kids, pets, gardening, and outdoor activities, along with a patio perfect for relaxing and a garden area ready for vegetables or flowers. Ideal for first-time buyers, downsizers, or anyone seeking convenient single-level living with room to grow, this home offers solid bones in a peaceful setting with easy access to local amenities, schools, and highways. Open House Sunday 1-2;30PM.
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: 480 sq ft (the lesser of 900 sq ft or half the 960 sq ft principal dwelling). Lot size: 10,999 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 • Range • Dishwasher • Refrigerator
Neighborhood
Shopping • Medical Facility • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile
Master Bedroom
Lvl FirstFlooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Hardwood
Listing Agent: Maria Crespo
Listing Office: Keller Williams Realty
MLS® Number: 73573812
