
30 Cove Island Rd South Hadley — Photo 1 of 41
$675,000
Investment Analysis — 30 Cove Island Rd
South Hadley, MA 01075
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 4-bedroom in 01075 carries an estimated $2,540/mo in gross rent — about a 2.26% cap rate and $15,265/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,200
Style
Single Family
Built
1950
Welcome to a rare waterfront home on the banks of the Connecticut River in South Hadley, Massachusetts. Set on two private acres as the last house on a quiet dead-end street, this remodeled residence blends classic New England character with modern updates. Most striking of all is the setting: an open, grassy lawn running right down to the water’s edge — a true rarity on the Connecticut River.The headline feature is the water access. A grandfathered private dock accommodates up to two boats, so you can launch straight from your backyard for a day of boating, watersports, or fishing on the Connecticut River. Paired with the open lawn, it makes for a backyard built for summer.Inside, the updated kitchen features new stainless steel appliances and clean, contemporary finishes. The adjacent dining area and living room both look out over the river, filling the main level with light and framing the water from nearly every angle.The layout offers four bedrooms with flexible use. A new 950-square-foot addition adds a two-car garage below and upper-level living quarters above, anchored by a primary suite with a custom walk-in closet, plus a second bedroom and a dedicated laundry room. On the main level, two more bedrooms work equally well as guest rooms, a home office, or a fitness space.Mechanical systems have been upgraded throughout, including a new tankless water heater, central air conditioning, and forced hot air heating. The home is fully move-in ready. Please note that 30 Cove Island Rd. is being offered as a land lease property with Holyoke Gas & Electric (HG&E), meaning this transaction will most likely require a cash offer. HG&E is willing to execute a new lease/permit with a buyer, subject to application approval and agreement to HG&E terms & conditions (draft permit & application available for review).
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 2,200 sq ft principal dwelling). Lot size: 87,120 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
Water Heater • Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Shopping • Park • Golf • Medical Facility • Highway Access • Marina
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl FirstBedroom 4
Lvl FirstBathroom 1
Lvl FirstBathroom 2
Lvl FirstProperty History
$3,900
Sep 2, 2026
MLS® 73571197
$675,000
Jul 21, 2026
MLS® 73553031
Listing Agent: The Merrill Group
Listing Office: Naples Realty Group
MLS® Number: 73553031