Investment Analysis — 224 Greenfield Rd

Montague, MA 01351 — Montague Center

Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 3-bedroom in 01351 carries an estimated $2,540/mo in gross rent — about a 6.11% cap rate and $18,340/yr in estimated NOI at the $300,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,713

Style

Single Family

Built

1957

Imagine the possibilities at this 3-bedroom, 1-bath Cape set on more than 3 acres in Montague. Inside, hardwood floors bring warmth and character, while the converted breezeway creates a den with a fireplace between the house and the two-car garage. It’s easy to picture settling into that space on a cool evening or using it as a comfortable spot to gather. The home is ready for cosmetic updates and repairs, offering the next owner a chance to choose the finishes and make it their own. With a generous parcel of land, a practical garage, and inviting features already in place, 224 Greenfield Road is an opportunity for a buyer with vision to create a home that suits their style. Come walk through and see where your ideas take you!

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: 857 sq ft (the lesser of 900 sq ft or half the 1,713 sq ft principal dwelling). Lot size: 138,826 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 MLS and other third-party data may be inaccurate or out of date.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.