
37 Squirrel Rd Springfield — Photo 1 of 42
$349,000
Investment Analysis — 37 Squirrel Rd
Springfield, MA 01108
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 2-bedroom in 01108 carries an estimated $1,750/mo in gross rent — about a 3.37% cap rate and $11,748/yr in estimated NOI at the $349,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,496
Style
Single Family
Built
1973
NOT FOR RENT! Lovingly maintained by the same family for nearly 50 years, this charming ranch is ready to welcome its next owners! Ideally located near the East Longmeadow line, this 2-bedroom, 1-bath home offers hardwood flooring throughout most of the main level, generously sized bedrooms, and a beautifully renovated oversized bath. The spacious kitchen is sure to delight any home chef and flows seamlessly into the open-concept living areas, while a versatile flex room provides the perfect space for a formal dining room, formal living room, or home office. The impressive family room addition is the heart of the home, featuring a vaulted ceiling with skylights, a corner stone gas fireplace, a dramatic palladium window, and sliders leading to a Trex deck overlooking the private backyard. The fully fenced, low-maintenance yard abuts more than 24 acres of conservation land, offering exceptional privacy and peaceful views year-round. The finished lower level provides a spacious rec room, laundry area, and abundant storage. A truly special home filled with years of cherished memories, now ready for its next chapter!
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: 748 sq ft (the lesser of 900 sq ft or half the 1,496 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Leased Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstSkylight, Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting, Slider
Dining Room
Lvl Main,FirstCloset, Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl Main,FirstCountertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Stainless Steel Appliances
Family Room
Lvl BasementFlooring - Wall to Wall Carpet, Lighting - Overhead, Closet - Double
Primary Bedroom
Lvl Main,FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl Main,SecondBathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Ceiling Fan(s), Closet - Linen
Listing Agent: Kathleen Brenner
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73558211