Investment Analysis — 186 Elm

Hanover, MA 02339

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02339 carries an estimated $3,080/mo in gross rent — about a 2.82% cap rate and $19,702/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,289

Style

Single Family

Built

2026

Experience the perfect fusion of historic soul and modern luxury in this stunning barn conversion, freshly completed this year. 186 Elm Street reimagines rustic architecture through a sophisticated lens, offering a unique opportunity to own a home with character and the peace of mind of new construction.The heart of the home is a chef’s kitchen that serves as a masterclass in design, featuring premium finishes and a layout that flows effortlessly into the main living spaces. With three spacious bedrooms, two designer bathrooms, and the comfort of full central air, every inch of this home is curated for an airy, functional lifestyle. Come see how contemporary innovation meets timeless aesthetics in this captivating new offering.

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: 645 sq ft (the lesser of 900 sq ft or half the 1,289 sq ft principal dwelling). Lot size: 17,303 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 MLS and other third-party data may be inaccurate or out of date.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.