83 Union Rd Wales — Photo 1 of 35
$325,000
Investment Analysis — 83 Union Rd
Wales, MA 01081
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01081 carries an estimated $1,960/mo in gross rent — about a 4.61% cap rate and $14,985/yr in estimated NOI at the $325,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,272
Style
Single Family
Built
1940
Charming Lake George area cottage with beach and boating access across the street. This inviting 2-bedroom 1-full bath cottage offers the perfect opportunity to enjoy the Lake lifestyle. Located within walking distance to Lakeland Beach Club, this property is ideally situated for summer fun or year-round enjoyment. Inside you will find an oversized living room featuring a vaulted ceiling and pellet stove creating a spacious and comfortable gathering space. It leads to a charming dining room for gatherings and a flexible space for laundry and storage. Upgrades include new furnace (2025), Roof, Siding, Garage Door, several windows and interior vinyl flooring in the last ten years-APO. Pull down attic for extra storage and the home was insulated through the Mass Save for added efficiency. With 2-bedrooms, an attached garage ,generous living space and an enviable location this home is ready for you to enjoy as a year- round home, weekend getaways or vacation retreat. Den is being used as a third bedroom.
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: 636 sq ft (the lesser of 900 sq ft or half the 1,272 sq ft principal dwelling). Lot size: 6,970 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstWood / Coal / Pellet Stove, Vaulted Ceiling(s), Flooring - Wall to Wall Carpet, Exterior Access
Dining Room
Lvl Main,FirstFlooring - Laminate
Kitchen
Lvl Main,FirstFlooring - Vinyl, Exterior Access
Master Bedroom
Lvl Main,FirstCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Main,FirstBathroom 1
Lvl Main,FirstBathroom - With Tub & Shower, Closet, Flooring - Vinyl
Property History
$325,000
Aug 31, 2026
MLS® 73570001
$141,500
Dec 8, 2010
MLS® 71043398
$141,500
Mar 8, 2010
MLS® 71043398
Listing Agent: Kathleen Grudgen
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73570001
