151 Smead Hill Rd Greenfield — Photo 1 of 13
Recent Drop: $350,000
$599,000
Investment Analysis — 151 Smead Hill Rd
Greenfield, MA 01301
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 10-bedroom in 01301 carries an estimated $2,410/mo in gross rent — about a 0.74% cap rate and $4,443/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
10
Baths
9.5
SqFt
4,120
Style
Single Family
Built
1994
Discover the hidden potential of 151 Smead Hill—a historic property in Greenfield’s Rural Residential zone that once served as a sought-after wedding venue and now awaits a visionary entrepreneur ready to craft a multi-use enterprise. With flexible, adaptable spaces ideal for a boutique bed and breakfast, innovative event venue, or seasonal retreat, this property benefits from zoning that permits open space cluster development. Zoning offers a pathway for creative reconfiguration—concentrating development while preserving expansive, natural communal areas that could eventually pave the way for modern co-housing or shared amenity communities, all set against a backdrop of timeless rural charm.
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 4,120 sq ft principal dwelling). Lot size: 236,836 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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$599,000
Was $699,000
Sep 3, 2026
MLS® 73407929
$699,000
Was $795,000
Jun 15, 2026
MLS® 73407929
$795,000
Was $895,000
May 14, 2026
MLS® 73407929
$895,000
Was $949,000
Mar 2, 2026
MLS® 73407929
$949,000
Feb 1, 2025
MLS® 73407929
$725,000
Oct 1, 2010
MLS® 70967054
$725,000
Aug 26, 2009
MLS® 70967054
$999,000
Apr 3, 2006
MLS® 70305149
$999,000
Dec 15, 2005
MLS® 70305149
Listing Agent: Zaisha Robert
Listing Office: SR Commercial Realty
MLS® Number: 73407929