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3 Carol Lane Medway — Photo 1 of 37

$579,000

Investment Analysis — 3 Carol Lane

Medway, MA 02053

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02053 carries an estimated $3,080/mo in gross rent — about a 3.59% cap rate and $20,806/yr in estimated NOI at the $579,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,868

Style

Single Family

Built

1960

Move right into this bright and inviting ranch offering comfortable one-level living with the added flexibility of a finished walk-out lower level. Sun-filled living spaces flow effortlessly for everyday living and entertaining, while the lower level provides exceptional versatility with multiple finished rooms ideal for a family room, home office, playroom, gym, or guest space. Outside, enjoy a fully fenced backyard with plenty of room for pets, play, gardening, or summer gatherings on the deck. Located in an established neighborhood just minutes from Medway Center, Choate Park, Medway Community Farm, local restaurants, shopping, schools, the Charles River, and Franklin MBTA Commuter Rail. Easy access to Route 109, I-495, and surrounding communities makes commuting a breeze. Subject to sellers closing on their new home 11/12.

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 1,868 sq ft principal dwelling). Lot size: 11,326 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.