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6 Days on market

249 Main St Groveland — Photo 1 of 42

$694,988

Investment Analysis — 249 Main St

Groveland, MA 01834

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 5-bedroom in 01834 carries an estimated $2,770/mo in gross rent — about a 2.67% cap rate and $18,526/yr in estimated NOI at the $694,988 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

3,210

Style

Single Family

Built

1790

Welcome Home to this adoring Antique Colonial, just steps away from downtown Groveland and the Merrimac River. With over 3,200SF, you surely are not short-changed on space & layout. Enjoy abundance of natural light showcasing the gleaming Wide-Pine floors, vintage trim & built-ins, and regal wainscoting. 1st floor offers an array spacing, including formal living, dining, family room, den/guest quarters and mud room. Updated KIT features well-stocked cabinetry, granite stone, SS appliances, & large breakfast island. Second floor offers more incredible natural light, multiple large bedrooms, full bathroom, and washer/dryer. Partially finished walk-up attic offers its own retreat and opportunity. Wood Stove for secondary heat source & generator to keep you going during storms. Storage? Attic, Full Basement, Exterior Shed. Continue the upkeep of the meticulous landscaping and enjoy the man-made second level yard space on the rear of the property. The back-yard is its own oasis ready for you to come make memories for years to come. Venture to the amazing trails, Veasey Park, Pines Rec Area, Dog Park, Boat Launch to River and so much more. This house has been maintained incredibly. Now come add your touch and make it your own!

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 3,210 sq ft principal dwelling). Lot size: 15,812 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.