
186 Spring St Hopkinton — Photo 1 of 14
$6,229,000
Investment Analysis — 186 Spring St
Hopkinton, MA 01748
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01748 carries an estimated $2,580/mo in gross rent — about a 0.18% cap rate and $11,278/yr in estimated NOI at the $6,229,000 list price. Adjust every assumption in the calculator below.
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Residential
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Exceptional Hopkinton development opportunity adjacent to Upton State Forest and located in one of the best school districts in Massachusetts. Preliminary review suggests the property may accommodate multiple subdivision concepts in the 10–12 lot range, depending entirely on engineering, septic testing, and all required approvals. Recent variance reform, statewide 1-acre septic standards, and updated NFPA road guidance may offer added flexibility for future planning. Buyer to perform all due diligence. Existing single-family home has a passing Title V. Land sold as-is.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Park • Walk/Jog Trails • Conservation Area
Geography
Property History
$6,229,000
Sep 21, 2026
MLS® 73580428
$3,450,000
Aug 24, 2026
MLS® 73467596
$3,450,000
Aug 24, 2026
MLS® 73467585
$3,450,000
Jan 12, 2026
MLS® 73467596
$3,450,000
Jan 12, 2026
MLS® 73467585
$2,249,000
Aug 15, 2025
MLS® 73379503
$2,249,000
Aug 15, 2025
MLS® 73379500
$2,249,000
May 23, 2025
MLS® 73379503
$2,249,000
May 23, 2025
MLS® 73379500
Listing Agent: Brendon Sullivanmonson
Listing Office: StartPoint Realty
MLS® Number: 73580428








