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7 Days on market

204 River Dr Hadley — Photo 1 of 42

$775,000

Investment Analysis — 204 River Dr

Hadley, MA 01035

Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 4-bedroom in 01035 carries an estimated $3,480/mo in gross rent — about a 3.68% cap rate and $28,493/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

2,200

Style

Single Family

Built

1925

Thoughtfully reimagined and extensively updated, this Hadley home blends style, comfort and versatility with a location that puts so much within easy reach. The addition of a beautiful primary suite creates a comfortable private retreat, while the redesigned open stairway seamlessly connects the main living area to an improved lower level offering additional bonus space and endless possibilities. A full ADU adds even more flexibility with its own living space and kitchenette. Improvements extend well beyond the finishes with new electrical, plumbing and insulation, a high-efficiency Mitsubishi H2 heating and cooling system, heat pump water heaters for both units, hardwired internet connections for TVs and a 7-camera security system. Convenient to shopping, dining, major routes and area colleges, with easy access to Amherst and Northampton. Beautifully finished, thoughtfully improved and truly move-in ready, this is a home where the work has been done and the details considered.

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 2,200 sq ft principal dwelling). Lot size: 16,117 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.