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291 Franklin St Belchertown — Photo 1 of 42

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.

View Standard Listing

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

Original Price$539,000
Annual Taxes$6,896

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms7
Fireplaces1
FlooringHardwood
BasementFull, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningB1

Property & Lot

Acres3.53
SqFt Lot153,675
Lot FeaturesWooded, Gentle Sloping, Level

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

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBedroom 4Bathroom 1
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood, Wainscoting, Lighting - Overhead

Kitchen
Lvl First

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Lighting - Overhead

Family Room
Lvl First

Wood / Coal / Pellet Stove, Flooring - Hardwood, Exterior Access

Primary Bedroom
Lvl Second

Flooring - Hardwood, Recessed Lighting, Lighting - Overhead

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Hardwood

Bedroom 4
Lvl First

Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Tub, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Melissa Lemanski

Listing Office: Park Square Realty

MLS® Number: 73574487