59 Forest Ave Greenfield — Photo 1 of 23
$300,000
Investment Analysis — 59 Forest Ave
Greenfield, MA 01301
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 4-bedroom in 01301 carries an estimated $2,410/mo in gross rent — about a 5.18% cap rate and $15,526/yr in estimated NOI at the $300,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,999
Style
Single Family
Built
1900
Welcome to 59 Forest Ave, a charming Colonial packed with character and so much potential! Step inside through the cozy entryway and fall in love with the beautiful wood floors, unique windows, crown molding, and classic fireplace in the living room. With 4 bedrooms and 2 bathrooms, there is plenty of space to make this home your own. The huge attic offers exciting potential for additional living space, and that’s not all! An approximately 1,000 sq. ft. addition was started with plans for a 2 bedroom in law suite. The foundation is poured and framing is in place, giving handy buyers an incredible head start. Sitting on a fantastic corner lot, you may just have the best yard on the street! There’s even a fun bird’s eye view balcony that makes the perfect spot to watch Greenfield’s fireworks. Bring your ideas and make this classic Greenfield home shine!
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 2,999 sq ft principal dwelling). Lot size: 15,407 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.
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Listing Agent: Kaitlyn Giard
Listing Office: Cohn & Company
MLS® Number: 73580781
