120 Hope Street Greenfield — Photo 1 of 15
$349,000
Investment Analysis — 120 Hope Street
Greenfield, MA 01301 — Factory Village
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 3-bedroom in 01301 carries an estimated $2,180/mo in gross rent — about a 4.46% cap rate and $15,561/yr in estimated NOI at the $349,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,360
Style
Single Family
Built
1900
Like new! Architect-designed full renovation completed in 2024, thoughtfully creating beautiful, functional living space. New electrical, plumbing, windows, flooring and baths, plus upgraded insulation and energy-efficient mini-splits for year-round heating and cooling. The light-filled, open-concept kitchen, dining and living area features a vaulted ceiling, floor-to-ceiling windows, 7-ft island, quartz countertops and stainless appliances. Convenient first-floor living includes a primary bedroom, renovated full bath and laundry. Upstairs are two additional bedrooms, each with a generous walk-in closet. High-end finishes include marble tile, recessed lighting and top-down/bottom-up cellular shades. Large spray-foam insulated walkout basement offers abundant storage and direct backyard access. Relax on the covered south-facing porch overlooking the yard. Off-street parking and EV charging Price includes an extra lot of land which is 5,676sf and could easily accommodate an ADU if desired.
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: 680 sq ft (the lesser of 900 sq ft or half the 1,360 sq ft principal dwelling). Lot size: 9,340 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
Electric Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Washer/Dryer • Range Hood • Rangetop - ENERGY STAR • Oven • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First12.583333333 x 10.833333333
Coffered Ceiling(s), Flooring - Vinyl, Cable Hookup, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Remodeled, Archway
Dining Room
Lvl Main,First15.583333333 x 7
Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Vinyl, Window(s) - Picture, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled
Kitchen
Lvl Main,First15.583333333 x 7
Vaulted Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Flooring - Vinyl, Window(s) - Picture, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Lighting - Pendant, Lighting - Overhead
Primary Bedroom
Lvl Main,First10 x 13.333333333
Closet, Flooring - Vinyl, Cable Hookup, High Speed Internet Hookup, Recessed Lighting, Remodeled, Closet - Double
Bedroom 2
Lvl Second10.333333333 x 13.25
Bedroom 3
Lvl Second8 x 13.833333333
Walk-In Closet(s), Flooring - Wall to Wall Carpet, Recessed Lighting, Remodeled
Bathroom 1
Lvl First8 x 7
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Marble, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Low Flow Toilet, Cabinets - Upgraded, Recessed Lighting, Remodeled
Bathroom 2
Lvl Second9 x 6.166666666
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Ceiling Fan(s), Closet - Linen, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Recessed Lighting, Remodeled
Listing Agent: Jack Dunphy
Listing Office: Jack Dunphy
MLS® Number: 73576986