
20 Graves Street Deerfield — Photo 1 of 42
$595,000
Investment Analysis — 20 Graves Street
Deerfield, MA 01373
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 4-bedroom in 01373 carries an estimated $2,520/mo in gross rent — about a 2.92% cap rate and $17,379/yr in estimated NOI at the $595,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1
SqFt
1,576
Style
Single Family
Built
1925
A rare opportunity to own a home enriched by the exceptional work of Edward P. Gass. The distinctive millwork and finely executed details reflect the Gass family’s long and respected legacy as master craftsmen, renowned for their work in Old Deerfield’s treasured historic homes and beyond. Hand-finished raised paneling, detailed crown moldings, and beautiful custom woodwork grace the interior, bringing warmth, character, and timeless appeal to a truly special place to call home. Also included is an exceptional heated and air-conditioned workshop and office, the very space where Gass created drawings and crafted custom architectural details for clients who sought his distinctive workmanship. Today, this inspiring space offers remarkable versatility for a woodworker, artist’s studio, home office, or potential ADU. An attached two-car garage provides additional storage above. Inside the home, the first floor features a comfortable combination living and dining room, kitchen, and inviting sitting area with a gas fireplace, along with an office and full bath. Upstairs are four bedrooms with beautifully refinished wood floors. The full basement includes a darkroom, newer multi-zone Viessmann boiler, and plenty of storage. A large screened porch, deck, lovely yard, and charming details complete this wonderful property, all within walking distance of town.
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: 788 sq ft (the lesser of 900 sq ft or half the 1,576 sq ft principal dwelling). Lot size: 16,552 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.
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Financials
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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher
Neighborhood
Shopping • Walk/Jog Trails • Conservation Area • Highway Access • House of Worship • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood, Crown Molding
Dining Room
Lvl FirstFlooring - Wood, Crown Molding
Kitchen
Lvl FirstFlooring - Vinyl
Office
Lvl FirstFlooring - Wood
Family Room
Lvl FirstFlooring - Wood
Master Bedroom
Lvl SecondCloset, Flooring - Wood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wood
Bedroom 4
Lvl SecondCloset, Flooring - Wood
Bathroom 1
Lvl FirstBathroom - Full
Listing Agent: Wanda Mooney
Listing Office: Coldwell Banker Community REALTORS®
MLS® Number: 73572667