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7 Days on market

9 Parker Rd Groveland — Photo 1 of 37

$689,000

Investment Analysis — 9 Parker Rd

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 2.65% cap rate and $18,263/yr in estimated NOI at the $689,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,895

Style

Single Family

Built

1962

New to Market! Welcome to 9 Parker Road! this beautifully maintained 7+ room, 4-bedroom, 1.5-bath home. The first floor features engineered hardwood floors, a fireplaced living room, formal dining room, fully appliance kitchen with granite countertops and ceramic tile floor, full bath, generously sized bedroom, and a warm and inviting sunroom leading to a huge composite deck and large, level fenced-in yard. Upstairs offers a spacious front-to-back primary bedroom, two additional bedrooms and a half bath. The partially finished basement includes a family room plus a large unfinished workshop/laundry and storage area. Recent updates include newer roof, heating system, central air, hot water and brand-new appliances. Situated on a beautifully maintained over 19,000 sq. ft. lot with plenty of parking and two storage sheds. A wonderful home offering space, comfort and a great yard! Open Houses Saturday Oct 3rd 11:00-12:30 & Sunday Oct 4th 11:00-12:30

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 1,895 sq ft principal dwelling). Lot size: 19,158 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.