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17 Main Street Wales — Photo 1 of 42

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.

View Standard Listing

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

Original Price$495,000
Annual Taxes$4,386

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms7
Fireplaces5
FlooringWood, Tile, Vinyl, Flooring - Wood
BasementPartial, Crawl Space, Sump Pump, Concrete

Climate & Utilities

HeatingCentral, Forced Air, Oil, Pellet Stove
CoolingNone
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR1

Property & Lot

Acres0.97
SqFt Lot42,253
Lot FeaturesCleared, Level

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bathroom 3
First
Living RoomKitchenFamily RoomBathroom 1Bathroom 2
Main,First
Dining RoomMaster Bedroom
Living Room
Lvl First

Flooring - Wood

Dining Room
Lvl Main,First

Wood / Coal / Pellet Stove, Beamed Ceilings, Flooring - Wood, Wainscoting

Kitchen
Lvl First

Flooring - Wood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Country Kitchen, Remodeled, Stainless Steel Appliances

Family Room
Lvl First
Master Bedroom
Lvl Main,First

Bathroom - Full, Walk-In Closet(s), Flooring - Wood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Fireplace, Flooring - Wood, Closet - Double

Bathroom 1
Lvl First

Bathroom - Half, Closet, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl

Listing Provided By

Listing Agent: Brenda Binczewski

Listing Office: REMAX Connections

MLS® Number: 73564841