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281 Village Street Medway — Photo 1 of 42

$700,000

Investment Analysis — 281 Village Street

Medway, MA 02053

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02053 carries an estimated $3,390/mo in gross rent — about a 3.18% cap rate and $22,230/yr in estimated NOI at the $700,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,638

Style

Single Family

Built

1956

This is a ranch with a little more to discover around every corner. Thoughtfully expanded over the years, the home offers a flexible layout with 4 bedrooms and 3 full baths, hardwood floors throughout, and an abundance of natural light from oversized picture windows and skylights. The main level welcomes you with a bright, comfortable living space and easy flow into the rest of the home, while a few steps lead to additional living space at the back of the house. Whether needed for extended family, guests, a home office, or simply additional living space, this area offers plenty of possibilities. A second-floor bedroom adds even more flexibility. Owned solar panels provide an added energy-saving benefit. Outside, enjoy a fenced backyard with plenty of room to relax, garden, entertain, or play, along with a one-car garage. A home that has evolved with its owners and offers the space and flexibility to evolve with 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: 900 sq ft (the lesser of 900 sq ft or half the 2,638 sq ft principal dwelling). Lot size: 19,720 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.