Active
54 Days on market
30 Cove Island Rd South Hadley — Photo 1 of 41

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.

View Standard Listing

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

Original Price$675,000
Annual Taxes$7,900

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms9
FireplacesNone
FlooringTile, Engineered Hardwood
BasementNone

Climate & Utilities

HeatingForced Air, Propane
CoolingCentral Air
WaterPrivate
SewerPrivate Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningAGR

Property & Lot

Acres2
SqFt Lot87,120
Lot Features--

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

Second
Primary BedroomBedroom 2
First
Living RoomDining RoomKitchenBedroom 3Bedroom 4Bathroom 1Bathroom 2
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl First
Bedroom 4
Lvl First
Bathroom 1
Lvl First
Bathroom 2
Lvl First

Property History

Listed
$3,900

Sep 2, 2026

MLS® 73571197

Listed
$675,000

Jul 21, 2026

MLS® 73553031

Listing Provided By

Listing Agent: The Merrill Group

Listing Office: Naples Realty Group

MLS® Number: 73553031