49 Old Farm Rd Hanover — Photo 1 of 31
$689,000
Investment Analysis — 49 Old Farm Rd
Hanover, MA 02339
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02339 carries an estimated $3,080/mo in gross rent — about a 3.01% cap rate and $20,764/yr in estimated NOI at the $689,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,083
Style
Single Family
Built
1979
Set in a sought-after Hanover neighborhood, 49 Old Farm Road offers a great combination of space, privacy, and a convenient location. Situated on nearly an acre, the property features a secluded backyard with plenty of room to relax, entertain, or enjoy the outdoors. Inside, the home offers 3 bedrooms, comfortable floor plan highlighted by a fire-placed living area and an additional family room with beautiful vaulted ceilings. The back deck and patio provide multiple outdoor spaces for relaxing and entertaining while enjoying the privacy of the backyard. Central air keeps the home comfortable throughout the summer, while the finished lower level provides additional living space with flexibility for a variety of uses. The freshly painted exterior adds to the home's curb appeal. A great opportunity to get into an established Hanover neighborhood with a private setting that's hard to find.
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 2,083 sq ft principal dwelling). Lot size: 39,639 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.
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Listing Agent: Nick Rivers
Listing Office: Compass
MLS® Number: 73578985
