109 Pilgrim Springfield — Photo 1 of 35
$314,900
Investment Analysis — 109 Pilgrim
Springfield, MA 01118
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01118 carries an estimated $2,380/mo in gross rent — about a 5.28% cap rate and $16,635/yr in estimated NOI at the $314,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,748
Style
Single Family
Built
1948
PRICED BELOW ASSESSED VALUE ! Location, Location, Location! This colonial constructed in1948 is located in one of Springfield's most desirable neighborhoods and has great bones. With 1748 square feet of living space, and a fenced yard, there is plenty of room to create your vision. Hardwood floors are featured throughout this home on both levels. The kitchen features newer appliances. The dining room with a corner built in and double sliders leading to a large deck is filled with natural light and perfect for entertaining. The large bright living room features a fireplace with pellet stove insert. A half bath is conveniently located on the first floor. Upstairs there is a full bath and three good sized bedrooms with the primary bedroom having two closets. Further enhancing the property's appeal and value are a new furnace(2025), hot water heater(2023), a wrap-around rear deck, and an attached garage with entry to home from garage. This property represents a significant opportunity for buyers wishing to save some money in exchange for some sweat equity.
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: 874 sq ft (the lesser of 900 sq ft or half the 1,748 sq ft principal dwelling). Lot size: 7,501 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
Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • House of Worship • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Listing Agent: Wheway Group
Listing Office: Coldwell Banker Realty - Western MA
MLS® Number: 73579619
