
21 Cranton Avenue Groveland — Photo 1 of 27
$475,000
Investment Analysis — 21 Cranton Avenue
Groveland, MA 01834
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01834 carries an estimated $2,510/mo in gross rent — about a 3.51% cap rate and $16,649/yr in estimated NOI at the $475,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,196
Style
Single Family
Built
1962
Here is a wonderful opportunity to own a classic ranch in a peaceful cul-de-sac setting in desirable Groveland, Massachusetts. Lovingly held by the same family for generations, this 3-bedroom, 1-bath home offers the exceptional convenience of true main-floor living and a solid foundation for your vision. Hardwood flooring runs throughout the main level, creating a warm and timeless feel, while the practical layout offers comfortable living spaces and easy everyday access. The partially finished basement expands your living options with a spacious family room, plus additional room for storage, hobbies, a home office, or future improvements. A convenient attached one-car garage provides shelter from the elements and valuable storage space. Step outside to your private backyard and enjoy the deck, perfect for relaxing, grilling, entertaining, or simply taking in the peaceful surroundings. Natural gas hot-water baseboard heat, public water, and private sewer provide dependable functionality. This home is an incredible value for buyers ready to roll up their sleeves and create something special—the perfect chance to update, renovate, and make this long-loved property truly your own. Groveland offers an exceptional small-town atmosphere with beautiful conservation land, parks, trails, local businesses, and easy access to the Merrimack River, while nearby Georgetown, Newburyport, and Haverhill provide an outstanding selection of shopping, dining, and entertainment. Commuters will appreciate convenient access to major routes and nearby commuter rail options, making the North Shore, Boston, and surrounding communities readily accessible. With its unbeatable cul-de-sac location, desirable ranch-style layout, private yard, attached garage, and tremendous potential, this is a rare opportunity to transform a cherished family home into your dream property. Property sold as-is. Photos may be digitally enhanced. *OH Sat, 9/12 @ 10:00am-12:00pm and Sun, 9/13 @ 11:00am-1:00pm.
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: 598 sq ft (the lesser of 900 sq ft or half the 1,196 sq ft principal dwelling). Lot size: 12,196 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
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Window(s) - Picture
Kitchen
Lvl FirstFlooring - Hardwood
Family Room
Lvl BasementMaster Bedroom
Lvl FirstFlooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full
Listing Agent: Shawna Phillips
Listing Office: Real Broker MA, LLC
MLS® Number: 73573870