Investment Analysis — 40 Elm Park

Groveland, MA 01834

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01834 carries an estimated $2,090/mo in gross rent — about a 2.54% cap rate and $12,693/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,029

Style

Single Family

Built

1849

Welcome to 40 Elm Park! This charming 2 bedroom, 1.5 bath home offers a comfortable and inviting layout with plenty of space to enjoy inside and out. The enclosed porch and sunroom creates a welcoming entry and versatile bonus space, perfect for a mudroom, sitting area, or additional entertaining space. An oversized one car garage provides plenty of added storage with room for tools, hobbies, and more. Step outside to a large fenced in yard with plenty of space for entertaining, gardening, pets, or simply relaxing and enjoying your own backyard. Conveniently located close to stores, shopping, and everyday amenities, while tucked away on a quiet street with minimal traffic. A wonderful combination of charm, outdoor space, storage, and convenience, 40 Elm Park is ready to welcome its next owner home!

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: 515 sq ft (the lesser of 900 sq ft or half the 1,029 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 MLS and other third-party data may be inaccurate or out of date.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.