132 Gilbert Ave Springfield — Photo 1 of 37
$279,000
Investment Analysis — 132 Gilbert Ave
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 6.21% cap rate and $17,324/yr in estimated NOI at the $279,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,560
Style
Single Family
Built
1920
Welcome to 132 Gilbert Ave! Offering approximately 1,560 sq. ft. of living space, this spacious 3-bedroom Colonial is a great opportunity for buyers looking for room to spread out at an affordable price point. Inside, you’ll find hardwood flooring throughout much of the home, a spacious living room, dining room with built-in cabinetry, and a kitchen featuring stone countertops. Mini-split heating and cooling provide year-round comfort, while the partially finished basement offers additional usable space and flexibility. Outside, enjoy a nice backyard with plenty of room to relax, entertain, garden, or play, along with a porch, storage shed and paved off-street parking for up to four vehicles. Conveniently located near shopping, public transportation, schools, highway access and Springfield’s many parks and recreational amenities. With generous living space, outdoor space and a convenient location, 132 Gilbert Ave offers plenty of value and potential for its next owner.
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: 780 sq ft (the lesser of 900 sq ft or half the 1,560 sq ft principal dwelling). Lot size: 5,001 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
Water Heater • Range • Microwave • Refrigerator • Freezer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Highway Access
Geography
Listing Agent: Damien Dumont
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73579519
