68 Fay Road New Salem — Photo 1 of 40
$549,900
Investment Analysis — 68 Fay Road
New Salem, MA 01355
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 3-bedroom in 01355 carries an estimated $2,030/mo in gross rent — about a 2.02% cap rate and $11,113/yr in estimated NOI at the $549,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,792
Style
Single Family
Built
1987
Welcome to your own peaceful country retreat! Set on nearly 2 acres with generous space between neighbors and picturesque views across from a dairy farm, this charming home offers the perfect blend of New England character, warmth, and modern convenience.Built in 1987, this home captures the charm and appeal of a true New England farmhouse with wide-plank hardwood floors, beautiful built-ins, and inviting spaces throughout. Recent updates provide added peace of mind, including an updated roof, updated septic system that has passed Title 5, and a furnace that is less than 2 years old.The first-floor primary bedroom features a walk-in closet with ample storage and is conveniently located near the first-floor full bath with double vanity, shower, and laundry. The country kitchen is warm and inviting, featuring granite countertops, rich red cabinetry, and stainless-steel appliances—an ideal setting for those who love to cook and bake.The spacious living and dining room combination showcases an oversized fireplace with a wood stove, creating a cozy gathering space with plenty of character and warmth. The comfortable den offers custom built-in cabinetry with cozy brick fireplace. The second floor offers two spacious bedrooms with wide-plank hardwood floors and a full bath. Just off the living room, a screened-in porch provides the perfect spot to enjoy your morning coffee, curl up with a good book, or take in the peaceful views of the private backyard. Outside, enjoy perennial gardens, open space, and a peaceful private backyard. The oversized two-car garage/barn offers excellent space for vehicles, hobbies, projects, or additional storage. A chicken coop adds to the property’s country charm and makes this an appealing opportunity for those looking to embrace a hobby-oriented country lifestyle.Whether you’re looking for room to garden, pursue hobbies, enjoy outdoor space, or simply escape the pace of everyday life, this property offers privacy, character, and the beauty of the countryside in a truly inviting New England setting.
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: 896 sq ft (the lesser of 900 sq ft or half the 1,792 sq ft principal dwelling). Lot size: 78,408 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 • Dishwasher • Refrigerator
Neighborhood
Walk/Jog Trails • Stable(s) • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Hardwood, Open Floorplan
Dining Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan
Kitchen
Lvl FirstFlooring - Hardwood, Flooring - Wood, Window(s) - Picture, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Country Kitchen, Stainless Steel Appliances
Family Room
Lvl FirstFlooring - Hardwood
Primary Bedroom
Lvl FirstWalk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Shower Stall, Countertops - Stone/Granite/Solid, Double Vanity, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower
Listing Agent: Ericca F. Herbert
Listing Office: Park Square Realty
MLS® Number: 73579152
