Investment Analysis — 571 State St

Hanson, MA 02341

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02341 carries an estimated $3,910/mo in gross rent — about a 7.27% cap rate and $29,070/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,264

Style

Single Family

Built

1903

With more than three wooded acres and plenty of room to reimagine the existing home, this Hanson property presents an appealing opportunity for buyers, contractors or investors ready to take on a project & gain some sweat equity. This property offers three bedrooms, one full bath and hardwood flooring in the living room and bedrooms, with additional character found in the beamed dining room and built-in cabinetry. A large sunroom provides additional living space that's begging to be finished. Outside, the expansive setting includes a storage shed, stone wall, detached oversized 1 car garage and a paved driveway with ample parking. The home needs some work, making this a chance to renovate, restore and create value while taking advantage of a substantially large lot. The septic system has failed but the engineering is begin done for a four-bedroom system (buyer will be responsible for installation of the system). Bring your ideas and capitalize on the land, existing footprint and/or possibilities this unique property has to offer.

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: 632 sq ft (the lesser of 900 sq ft or half the 1,264 sq ft principal dwelling). Lot size: 164,694 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.