Investment Analysis — 1 Pleasant St

Erving, MA 01344

Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 3-bedroom in 01344 carries an estimated $1,760/mo in gross rent — about a 3.94% cap rate and $13,597/yr in estimated NOI at the $345,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,733

Style

Single Family

Built

1945

Welcome to Erving, where a FIRST-FLOOR BEDROOM, BRAND-NEW ROOF, and some of the lowest property taxes in the state make this adorable 3-bedroom Cape a rare find! Perfectly situated on a corner lot, this home is filled with charm, space and stunning hardwood floors throughout most of the interior. The spacious kitchen opens directly to the separate dining room, creating the perfect setup for entertaining and family gatherings. The living room is a dream with custom wood beams and a huge picture window filling the space with natural light. Just off the living room, the first-floor bedroom and full bathroom offer a great option for true one-level living. Upstairs, you’ll find two HUGE bedrooms with incredible storage! The primary features a walk-in closet, two additional closets, and built-in drawers, while the third bedroom offers two closets and even more built-ins. Outside, enjoy the convenience of an attached one-car garage, plus major updates including the brand-new roof and a brand-new Roth oil tank. Set in a neighborhood while still offering easy access to Route 2, this is an opportunity you won’t want to miss. Erving homes like this don’t come along often!

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: 867 sq ft (the lesser of 900 sq ft or half the 1,733 sq ft principal dwelling). Lot size: 10,890 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.