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31 Madison Ave Sharon — Photo 1 of 31

31 Madison Ave Sharon — Photo 1 of 31

$648,500

Investment Analysis — 31 Madison Ave

Sharon, MA 02067

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02067 carries an estimated $3,960/mo in gross rent — about a 3.85% cap rate and $24,976/yr in estimated NOI at the $648,500 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,456

Style

Single Family

Built

1960

UNBEATABLE VALUE! Gracious 3 Bed, 1.5 Bath mid-century, multi-level home on approx. 1 acre of land in desirable Sharon neighborhood! Offered for the first time, this home features hardwood floors and mechanical updates throughout, including brand new septic system (to be installed at seller's expense), newer boiler/tankless HW heater, and 2017 architectural shingle roof. First floor offers kitchen with SS appliances open to large dining/family room, 1/2 bath and laundry room, and sliders out to 3-season porch and yard. Second level features expansive fireplaced living room with 11' vaulted ceilings and natural light throughout. Top floor has three generous bedrooms with ample closet space, and full bath with tub. Walkout lower level is heated, and would make a great family room, playroom, or office space. Large lot with ample privacy, carport, and mature plantings and trees. Close to Cobbs Corner shops/restaurants, commuter rail, and walking distance to Crescent Ridge! Move right in, or add your cosmetic touches to this great home!

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: 728 sq ft (the lesser of 900 sq ft or half the 1,456 sq ft principal dwelling). Lot size: 40,049 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.

Open Houses

Property Details

Financials

Original Price$648,500
Annual Taxes$11,139

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Hardwood
BasementFull

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWall Unit(s)
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRES

Property & Lot

Acres0.92
SqFt Lot40,049
Lot FeaturesWooded

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Third
Primary BedroomBedroom 2Bedroom 3Bathroom 2
Second
Family Room
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First

13 x 12

Flooring - Hardwood, Exterior Access

Dining Room
Lvl First

9 x 12

Flooring - Hardwood

Kitchen
Lvl First

10 x 9

Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Cabinets - Upgraded, Stainless Steel Appliances

Family Room
Lvl Second

15 x 21

Cathedral Ceiling(s), Flooring - Hardwood

Primary Bedroom
Lvl Third

14 x 12

Closet, Flooring - Hardwood

Bedroom 2
Lvl Third

10 x 13

Bedroom 3
Lvl Third

10 x 10

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

6 x 9

Bathroom - Half, Dryer Hookup - Electric, Washer Hookup

Bathroom 2
Lvl Third

8 x 8

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Seth Mitchell

Listing Office: The Mitchell Group

MLS® Number: 73577455