Investment Analysis — 514 Sherman St

Canton, MA 02021

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02021 carries an estimated $3,140/mo in gross rent — about a 6.11% cap rate and $24,395/yr in estimated NOI at the $399,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,225

Style

Single Family

Built

1958

OFFER DEADLINE: 12pm Tuesday, October 6th. Bring your vision to 514 Sherman Street! This 2-bedroom, 1-bath single-family home sits on a 0.21-acre lot and is one of the most affordable single-family opportunities in Canton. The home has great bones and solid potential but needs cosmetic renovation. Central heat and central air are already in place, a valuable head start for any renovation. It's a true blank canvas for buyers ready to build sweat equity, contractors, or investors looking for their next project. Hardwood floors, bright rooms with abundant natural light, a spacious eat-in kitchen, and a sunny laundry/mudroom provide a strong foundation to design the home exactly the way you want. The garage offers exciting potential for additional living space, such as an extra bedroom, home office, or family room (buyer to verify with the town). Enjoy a great Canton location with easy access to Route 128/I-95, commuter rail, shopping, dining, and the Blue Hills Reservation. Opportunities like this in Canton are rare. Come see the potential for yourself.

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: 613 sq ft (the lesser of 900 sq ft or half the 1,225 sq ft principal dwelling). Lot size: 9,313 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.