
17 Main Street Wales — Photo 1 of 42
$495,000
Investment Analysis — 17 Main Street
Wales, MA 01081
Based on HUD Small Area Fair Market Rent for Springfield, MA MSA, a 3-bedroom in 01081 carries an estimated $2,400/mo in gross rent — about a 3.54% cap rate and $17,502/yr in estimated NOI at the $495,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,733
Style
Single Family
Built
1733
Step back in time and experience the timeless charm and elegance of this exceptional 18th-century center chimney Colonial. Rich in historic character, this one-of-a-kind home showcases five fireplaces, original wide pine floorboards, hand-cut raised panel doors, custom built-ins, and the craftsmanship of a bygone era. The thoughtfully updated kitchen blends modern convenience with period authenticity, featuring granite countertops while preserving the home's original character. The inviting Dining/Tavern Room boasts exposed beamed ceilings, a rebuilt fireplace complete with a bread oven and fireplace crane, creating a warm and memorable gathering space. A spacious living room with a fireplace offers the perfect place to relax, while the first-floor primary suite provides comfort and convenience.The second floor features two generously sized bedrooms, a full bath, and a charming study complete with a built-in bookcase and its own fireplace.Situated on a large in-town lot, this remarkable homestead offers far more than just a home. The property includes a two-story barn, formerly operated as a café/bakery and antique shop, along with a greenhouse, chicken coop, and mature fruit trees. Zoned for mixed-use commercial/residential, this unique property presents endless possibilities for a home-based business, boutique, studio, agricultural pursuits, or investment opportunity. A rare chance to own a piece of New England history with exceptional character, versatility, and potential. Buyer to perform all due diligence regarding zoning, permitted uses, and future development opportunities.
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 2,733 sq ft principal dwelling). Lot size: 42,253 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood
Dining Room
Lvl Main,FirstWood / Coal / Pellet Stove, Beamed Ceilings, Flooring - Wood, Wainscoting
Kitchen
Lvl FirstFlooring - Wood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Country Kitchen, Remodeled, Stainless Steel Appliances
Family Room
Lvl FirstMaster Bedroom
Lvl Main,FirstBathroom - Full, Walk-In Closet(s), Flooring - Wood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFireplace, Flooring - Wood, Closet - Double
Bathroom 1
Lvl FirstBathroom - Half, Closet, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
Listing Agent: Brenda Binczewski
Listing Office: REMAX Connections
MLS® Number: 73564841