
32 Cedar St Millis — Photo 1 of 39
Recent Drop: $40,000
$899,000
Investment Analysis — 32 Cedar St
Millis, MA 02054
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02054 carries an estimated $3,090/mo in gross rent — about a 1.89% cap rate and $16,960/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,568
Style
Single Family
Built
1958
Discover a rare 14-acre estate or equestrian offering in Millis, where character, privacy, and expansive pastoral views come together in a truly unique property. The inviting family room features a striking oversized stone fireplace accented with white and subtle pink brick, a wood-burning stove, and beautiful old-growth, wide-plank Eastern pine flooring. Walls of windows showcase sweeping views of rolling hills and open meadow. The first floor offers two generously sized bedrooms; one with bamboo flooring and the other (off a separate mudroom) that can also be used as a private office for any home office use with sliding glass doors and additional old-growth wide-plank flooring. Centrally located between the two bedrooms, there is a welcoming flow into the chef’s kitchen, complete with abundant cabinetry, stainless steel appliances, and a second wood-burning stove. Upstairs, the spacious primary suite enjoys palatial views of the surrounding acreage and features a renovated full bathroom. Outside, the equestrian amenities include a six-stall horse barn with a large hayloft above, along with electric and water; the water system will need a new pump. Whether envisioned as an equestrian property, private family compound, or estate retreat, this eccentric and character-filled offering is a true must-see—a rare Millis jewel not to be missed.
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 2,568 sq ft principal dwelling). Lot size: 606,791 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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Amenities & Appliances
Gas Water Heater • Oven • Range • ENERGY STAR Qualified Dishwasher • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Public School
Geography
Floorplan Breakdown
Structural Layout
Kitchen
Lvl FirstBeamed Ceilings, Flooring - Stone/Ceramic Tile, Dining Area, Recessed Lighting
Family Room
Lvl FirstBeamed Ceilings, Vaulted Ceiling(s), Flooring - Wood, Window(s) - Picture, Recessed Lighting
Master Bedroom
Lvl SecondBathroom - Full, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstFlooring - Wood
Bathroom 1
Lvl FirstBathroom - Tiled With Shower Stall
Bathroom 2
Lvl SecondBathroom - Tiled With Tub & Shower
Property History
$899,000
Was $939,000
Aug 21, 2026
MLS® 73566625
$939,000
Aug 21, 2026
MLS® 73566625
Listing Agent: Mark Mcgowan
Listing Office: Redfin Corp.
MLS® Number: 73566625