Investment Analysis — 300 Chestnut St

Franklin, MA 02038

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 02038 carries an estimated $3,390/mo in gross rent — about a 4.56% cap rate and $24,645/yr in estimated NOI at the $540,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,721

Style

Single Family

Built

1900

ESTATE SALE - There is an opportunity to rehab this well loved single family home AND add an ADU unit. The one acre lot has a large private back yard offering many possibilities for the next owner. Extensive updating and rehab needed. One full bath on the 1st floor with laundry area, 2 bedrooms on the first floor and 4 on the 2nd floor. Architectural shingled roof 5-6 years old. Some replacement windows. Sub-flooring under carpeting. Property is being sold as is, excluding personal belongings. Showings are accompanied with notice. This property is subject to the Sellers obtaining a license to sell and Sale Approval from Reverse Mortgage Company. SFRIII Zoning. Buyers and Buyers Agents are responsible for their own due diligence and Septic System.

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: 861 sq ft (the lesser of 900 sq ft or half the 1,721 sq ft principal dwelling). Lot size: 45,433 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 MLS and other third-party data may be inaccurate or out of date.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.