Investment Analysis — 41 Prospect St

North Adams, MA 01247

Based on HUD Small Area Fair Market Rent for Berkshire County, MA (part) HUD Metro FMR Area, a 4-bedroom in 01247 carries an estimated $2,670/mo in gross rent — about a 8.90% cap rate and $22,244/yr in estimated NOI at the $249,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,172

Style

Single Family

Built

1900

Bring your imagination to this recently renovated Colonial in downtown North Adams! Move-in ready with fresh interior and exterior paint, a new kitchen, updated baths, and new laminate flooring throughout. The flexible floor plan offers many possibilities, including adding bedrooms, creating an in-law suite, or exploring a second apartment, subject to permitting. Whether you're looking for a primary home, space for extended family, or an investment opportunity, this property offers flexibility to fit your needs. Conveniently located near downtown shops, restaurants, arts, entertainment, and all the Berkshires have to offer. Bring your ideas and make this home your own!

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 2,172 sq ft principal dwelling). Lot size: 7,379 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 MLS and other third-party data may be inaccurate or out of date.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.