59 Federal Street Agawam — Photo 1 of 37
$364,900
Investment Analysis — 59 Federal Street
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 4.55% cap rate and $16,613/yr in estimated NOI at the $364,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,596
Style
Single Family
Built
1954
Well-maintained Cape-style home situated on a desirable corner lot. This home offers a versatile floor plan with plenty of space for everyday living and entertaining.The first floor features an eat-in kitchen with a breakfast bar, granite countertops, skylight, stainless steel appliances, and dining area. A formal dining room and large living room provide additional space, with an office area and French doors leading to a wonderful 16' x 20' deck with pavilion. The primary bedroom offers hardwood floors and an updated full bath with a glass-door shower.The second floor includes two additional bedrooms with wood floors and plenty of storage space. The unfinished basement provides additional potential living space if needed and includes an updated direct hot water system. The home also features city water and sewer, along with 100-amp electrical service.Set on a .28-acre corner lot, there is plenty of outdoor space for entertaining, relaxing, and enjoying the outdoors.
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: 798 sq ft (the lesser of 900 sq ft or half the 1,596 sq ft principal dwelling). Lot size: 12,196 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
Amenities & Appliances
Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Closet, Flooring - Hardwood, French Doors, Deck - Exterior
Dining Room
Lvl FirstCloset, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl FirstSkylight, Ceiling Fan(s), Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid
Master Bedroom
Lvl Main,FirstCeiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl Main,FirstBathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup
Listing Agent: Gregory E. Heineman
Listing Office: Trend 2000 Real Estate
MLS® Number: 73569821
