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10 Days on market

29 Prospect St Ashland — Photo 1 of 41

$649,900

Investment Analysis — 29 Prospect St

Ashland, MA 01721

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01721 carries an estimated $3,920/mo in gross rent — about a 4.41% cap rate and $28,684/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,567

Style

Single Family

Built

1955

Fabulous opportunity in Ashland, MA! This home offers luxury finishes far beyond its price. Renovated gourmet kitchen features a chef’s dream: 48" Thermador dual-fuel range (gas cooktop/electric double ovens), paneled hood, quartz counters, and a massive 9ft+ island with seating & storage. Enjoy year-round comfort with updated HVAC (heating & cooling). The practical mudroom has built-ins and sliders leading to a private deck and an above-ground pool with solar cover and fenced backyard—perfect for entertaining! Main level boasts hardwood flooring in all three bedrooms, plus an upgraded full bathroom and stylish new interior doors. Lower level living shines with LVT flooring in the family room and office, a second full bath with shower, and a spacious tile laundry room. Lower level mini split and Navien Combi boiler installed 2023. The oversized garage provides significant storage and opportunity. Low maintenance and move-in ready! Excellent commuter location. Showings begin Thursday, Oct.1st.

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: 784 sq ft (the lesser of 900 sq ft or half the 1,567 sq ft principal dwelling). Lot size: 10,890 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.