294 North Valley Road Pelham — Photo 1 of 42
$399,900
Investment Analysis — 294 North Valley Road
Pelham, MA 01002 — Wonderful!
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 2-bedroom in 01002 carries an estimated $2,480/mo in gross rent — about a 4.04% cap rate and $16,139/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
899
Style
Single Family
Built
1941
What will you love most about this fantastic property? The sweet home that has been lovingly maintained by the same family for decades, the impressive detached 3-car garage with one heated bay, the oversized screened gazebo perfect for relaxing and entertaining, or the acres of beautiful land surrounding you? The answer may be all of the above! This charming home offers a functional and inviting layout with a kitchen featuring main-floor laundry, a comfortable living room, a sitting room, one bedroom, and a remodeled full bath with a walk-in shower. Upstairs, you'll find a generously sized second bedroom. Car enthusiasts, hobbyists, and anyone needing extra storage will appreciate the 750+ sq ft detached garage with a heated bay. All of this is set in an idyllic location offering privacy and room to roam, while being just minutes from downtown Amherst, the Five College area, shopping, dining, and local amenities. Septic design approved, install pending! A rare opportunity to enjoy country living with convenience close by!
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: 450 sq ft (the lesser of 900 sq ft or half the 899 sq ft principal dwelling). Lot size: 592,314 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wall to Wall Carpet
Kitchen
Lvl FirstDryer Hookup - Electric, Washer Hookup
Master Bedroom
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - 3/4, Bathroom - With Shower Stall
Listing Agent: Joni Fleming
Listing Office: ERA M Connie Laplante
MLS® Number: 73539782
