Active Under Contract

11 Days on market

144 Village Street Millis — Photo 1 of 42

$685,000

Investment Analysis — 144 Village Street

Millis, MA 02054

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02054 carries an estimated $3,090/mo in gross rent — about a 2.62% cap rate and $17,932/yr in estimated NOI at the $685,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,944

Style

Single Family

Built

1935

Classic 1930s charm, thoughtfully updated living spaces and exceptional grounds come together in this meticulously maintained 3-bedroom Dutch Colonial style home. Set on nearly an acre, the home is surrounded by gorgeous grounds featuring mature plantings, an expansive lawn, an inviting patio and a dedicated fire pit area—offering exceptional space for outdoor entertaining, gardening, play and relaxation. Inside, hardwood flooring and timeless architectural details add warmth and character throughout. The inviting living room features a wood burning fireplace, while the dedicated dining room with built-in china cabinet offers a charming setting for both casual meals and special gatherings. A separate home office provides a quiet and convenient work-from-home space. A thoughtfully designed addition expands the home with an updated kitchen and comfortable family room, creating a natural gathering place for everyday living and entertaining. A first-floor laundry room and half bath add to the home’s everyday convenience. Upstairs are 3 bedrooms and an updated full bath. The walk-out unfinished lower level offers exciting potential for additional living space—imagine a playroom, media room, home gym or casual hangout space—with plenty of room to tailor it to your needs. A detached 2-car garage provides additional convenience and storage. Ideally located close to shopping, restaurants, major commuting routes and the commuter rail, this special Village Colonial offers a wonderful blend of period charm, modern updates, versatile living space and outstanding outdoor living. Come See!

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: 900 sq ft (the lesser of 900 sq ft or half the 1,944 sq ft principal dwelling). Lot size: 40,075 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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