Investment Analysis — 602 Bernardston Rd

Greenfield, MA 01301

Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 3-bedroom in 01301 carries an estimated $2,180/mo in gross rent — about a 3.53% cap rate and $13,932/yr in estimated NOI at the $395,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,324

Style

Single Family

Built

1956

Looking for single-level living without giving up space? Located on the outskirts of downtown Greenfield with easy access to the I-91 corridor, this classic 1956 brick ranch offers the room you’ve been searching for. Inside, you’ll find 3 bedrooms, 1.5 baths, hardwood floors, and generously sized rooms, all on one convenient level. The spacious living room features a brick fireplace and a large picture window, with a wide arched opening to the dining room that makes the two spaces feel connected. The two-car garage provides space for vehicles and gear, while the expansive walkout basement offers possibilities for a workshop, home gym, hobbies, or storage. An open breezeway leads to a covered stone patio overlooking the trees. With 3.6 wooded acres, there’s room to explore, relax, and enjoy nature right at home. Come see what makes 602 Bernardston Road so special!

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: 662 sq ft (the lesser of 900 sq ft or half the 1,324 sq ft principal dwelling). Lot size: 156,611 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.