Investment Analysis — 55 Garrison St

Groveland, MA 01834

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01834 carries an estimated $2,770/mo in gross rent — about a 2.78% cap rate and $17,354/yr in estimated NOI at the $625,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,086

Style

Single Family

Built

1845

Meticulously maintained antique on scenic Groveland street. The property features a beautiful, 4 bedroom post and beam home with flexible layout to meet any owner's needs as well as large post + beam barn with endless potential. The main floor of the original home built in 1845 but upgraded over time features a spacious, eat in kitchen, living room with wide pine floors and gorgeous fireplace, flex living space with Rumford fireplace, 2 full bathrooms and mudroom. Open wood beams throughout. The second floor offers four good sized bedrooms and convenient 1/2 half bath. An addition done in 1994 with separate rear entrance includes a kitchen with flagstone floor and vaulted bedroom with beautifully finished wood features throughout. This home offers flexibility for a cohesive single family home or a primary home with ADU or extended family space. Improvements to most system including heating system, hot water heater, oil tank and electrical have been made making this home move in ready. 4 bed septic with passed Title V. Cedar siding has been well cared for over the years while maintaining the homes originally styled exterior features. The oversized barn with electrical service and recent structural repairs once housed animals in it's stalls and is perfect for workshop, storage or recreation. Long drive with carport offers ample parking space. Serene yard and farm like setting. Offered separate from or in conjunction with abutting 4.6 acre land parcel 0 Briscoe Road, Groveland MLS # 73585616

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 2,086 sq ft principal dwelling). Lot size: 21,475 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.