
1245 Bay St Springfield — Photo 1 of 38
$299,900
Investment Analysis — 1245 Bay St
Springfield, MA 01109 — Between Boston Rd & Roosevelt Ave close to I291 & MA PIKE
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01109 carries an estimated $2,180/mo in gross rent — about a 5.56% cap rate and $16,672/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,400
Style
Single Family
Built
1926
Welcome home to this exceptionally well-cared-for property offering the perfect blend of timeless charm, modern updates and convenience! Ideally located in the heart of the city with easy access to I-291 and the Mass Pike, while tucked near residential side streets, this home is well positioned for local buyers as well as those commuting toward Worcester and Boston.Step outside and discover a truly impressive, oversized backyard—a private setting with plenty of room to entertain, garden, play or simply relax. A spacious deck extends the living area outdoors, while the extra-large two-car garage provides excellent parking, storage and workspace. Additional exterior highlights include a newer roof, replacement windows and low-maintenance vinyl siding.Inside, character and craftsmanship shine with beautiful natural woodwork, high ceilings and an inviting open floor plan. The sunroom offers a peaceful, light-filled space perfect for a home office, reading room or quiet retreat. The kitchen has seen recent upgrades, while the finished basement provides even more flexible living space—ideal for a family room, game room, man cave or entertaining.A wonderfully maintained home with character, space, updates and an outstanding backyard—all in a convenient location that keeps you connected to everything!
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: 700 sq ft (the lesser of 900 sq ft or half the 1,400 sq ft principal dwelling). Lot size: 7,532 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
Electric Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCloset, Flooring - Hardwood, Exterior Access, Open Floorplan
Dining Room
Lvl FirstFlooring - Hardwood, Open Floorplan
Kitchen
Lvl Main,FirstFlooring - Stone/Ceramic Tile, Countertops - Upgraded, Cabinets - Upgraded, Open Floorplan, Remodeled
Primary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Closet, Flooring - Stone/Ceramic Tile
Listing Agent: Chester Ardolino
Listing Office: Berkshire Hathaway HomeServices Realty Professionals
MLS® Number: 73579497

