141 Elm St. Blackstone — Photo 1 of 33
$399,900
Investment Analysis — 141 Elm St.
Blackstone, MA 01504
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01504 carries an estimated $2,560/mo in gross rent — about a 4.41% cap rate and $17,639/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,152
Style
Single Family
Built
1986
This 2-bedroom, 1-bath ranch sits on nearly an acre of private, wooded land in Blackstone, with a roof just 3 years old. The sunny living room, framed by a bay window, flows into an eat-in kitchen with an island and a slider out to an oversized screened porch. Beyond the yard, the wooded lot leads back to a running stream and includes raised garden beds for anyone who loves to grow their own. Inside, the full bath has been refreshed with a solid-surface counter, new toilet, and the primary bedroom is extra-spacious with double closets, while the second bedroom also offers double closet storage. A full, unfinished walk-out basement adds room to expand down the road, and a side garage sits tucked under the home. Gas heat and central air keep things comfortable year-round.
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: 576 sq ft (the lesser of 900 sq ft or half the 1,152 sq ft principal dwelling). Lot size: 42,688 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 MLS and other third-party data may be inaccurate or out of date.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
Gas Water Heater
Geography
Listing Agent: David Brian Colville Iii
Listing Office: HomeSmart First Class Realty
MLS® Number: 73577164