337 New Salem Rd Petersham — Photo 1 of 18
$79,900
Investment Analysis — 337 New Salem Rd
Petersham, MA 01366
Based on HUD Small Area Fair Market Rent for Western Worcester County, MA HUD Metro FMR Area, a 1-bedroom in 01366 carries an estimated $1,360/mo in gross rent — about a 13.92% cap rate and $11,120/yr in estimated NOI at the $79,900 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
474
Style
Single Family
Built
1936
Opportunity awaits in the quiet woods of Petersham! Set on approximately 1.4 wooded acres, this established residential site offers a unique setting for a buyer with vision. Imagine a quaint country retreat surrounded by nature. The existing 1936 structure is uninhabitable and in significant disrepair, inviting you to look beyond what is here today and imagine what could come next. Per seller, the Town previously indicated that the existing structure is a tear-down and that rebuilding may be possible using the existing footprint. Surrounded by the natural beauty and rural character Petersham is known for, the property offers a peaceful wooded setting with abundant outdoor recreation nearby. Explore miles of local trails, conservation lands and Harvard Forest, along with hiking, fishing and seasonal recreational opportunities throughout the Quabbin Reservoir region. Whether you're a builder, investor, or buyer dreaming of a small country retreat, this property offers an intriguing chance to start fresh and make the setting your own.
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: 237 sq ft (the lesser of 900 sq ft or half the 474 sq ft principal dwelling). Lot size: 60,984 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
Neighborhood
Walk/Jog Trails • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstBathroom 1
Lvl FirstListing Agent: Maijia Donovan
Listing Office: eXp Realty
MLS® Number: 73576321
