63 Martel Rd Springfield — Photo 1 of 39
$319,000
Investment Analysis — 63 Martel Rd
Springfield, MA 01119
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01119 carries an estimated $2,280/mo in gross rent — about a 5.09% cap rate and $16,245/yr in estimated NOI at the $319,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,316
Style
Single Family
Built
1967
¡Hola! Spacious brick ranch waiting for you to make it your home. Enter into living room with picture window and fireplace for warm winter days. Large updated eat-in kitchen with plenty of cabinets, back splash and ceramic floor. Three good size bedrooms with double closets. Master bedroom with full bath. Wood floors thru-out. Plus great heated room off kitchen with sliding doors and another exit to yard. Full basement offers storage area off stairs. Family room with fireplace. Laundry area in large room and a storage room. Easy access to one car garage with door opener. Large fenced-in back yard with patios, garden area, fire pit and double storage shed.
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: 658 sq ft (the lesser of 900 sq ft or half the 1,316 sq ft principal dwelling). Lot size: 10,799 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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Listing Agent: The Acuna Group
Listing Office: Acuna Real Estate
MLS® Number: 73570518
