
291 Franklin St Belchertown — Photo 1 of 42
$539,000
Investment Analysis — 291 Franklin St
Belchertown, MA 01007
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 4-bedroom in 01007 carries an estimated $2,860/mo in gross rent — about a 3.56% cap rate and $19,187/yr in estimated NOI at the $539,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,046
Style
Single Family
Built
1969
Showings start at OPEN HOUSE - Sunday, Sept 20, 11:30am - 1:30pm --- Privacy, a pool, and room to grow: Welcome to this well-maintained 3/4-bedroom, 1.5-bath gambrel-style home set on 3.53 wooded acres. Hardwood flooring runs throughout, giving the home a warm, cohesive feel from room to room. The kitchen features granite countertops, a tile backsplash, and stainless steel appliances, including a new refrigerator. It connects seamlessly to the dining area, making everyday cooking and entertaining simple. A family room is the entry point from the porch, anchored by a stone fireplace with a pellet stove insert set beneath a decorative box-beam ceiling, providing efficient supplemental heat throughout the colder months. First floor laundry adds everyday convenience, and both the full bath and half bath include granite-topped vanities. A first floor den offers flexible space for remote work, hobbies, or a potential 4th bedroom. The basement includes separate semi-finished spaces well suited for a workshop with 220 wiring, crafting room, or additional storage, adding functional square footage beyond the main living areas - Potential for home business (B1 zoning). Outside, the in-ground pool sits on its own patio, enclosed by a locking aluminum fence for safety, with a pool cover included for off-season protection. The expansive 3.53-acre lot offers privacy and room to spread out, whether for gardening, entertaining, simply taking in the surroundings, or enjoying fresh fruit from the peach tree. Many major items have already been handled: the roof was replaced 1.5 years ago, the tar and gravel driveway was redone 4 years ago, washer/dryer replaced 2 years ago, chimney and flue were redone 3 years ago. Recent drainage upgrades include a new french drain, gutters, and window wells. A small portion of the driveway near the road is shared with the neighboring property. This is a move-in ready property with everything taken care of. A rare combination of acreage, privacy, and flexible living space, within minutes of Belchertown center, easy access to the Quabbin Reservoir, the Norwottuck Rail Trail for biking and walking, and Mount Holyoke Range State Park for hiking, all while staying close to the Five College area and within commuting range of Springfield.
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 2,046 sq ft principal dwelling). Lot size: 153,675 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Water Treatment
Neighborhood
Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood, Wainscoting, Lighting - Overhead
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Lighting - Overhead
Family Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Hardwood, Exterior Access
Primary Bedroom
Lvl SecondFlooring - Hardwood, Recessed Lighting, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bedroom 4
Lvl FirstFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub, Flooring - Stone/Ceramic Tile
Listing Agent: Melissa Lemanski
Listing Office: Park Square Realty
MLS® Number: 73574487

