Active
137 Days on market
358 Main Street Groveland — Photo 1 of 22

358 Main Street Groveland — Photo 1 of 22

Recent Drop: $36,000

$585,000
$549,000

$549,000

Investment Analysis — 358 Main Street

Groveland, MA 01834 — Groveland (village)

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 2.39% cap rate and $13,097/yr in estimated NOI at the $549,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3

SqFt

2,420

Style

Single Family

Built

1757

Rare opportunity on the Merrimack River. The 1757 Burbank house - situated on two lots - has approximately 70 feet frontage on the river with beautiful views. New garage just built. Rear of the house is a two story addition built in 2014 with dining room and first floor full bath, with new staircase leading up to second floor master bedroom. Newer heat with four zones . The original front of the house needs work which is reflected in the asking price..

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 2,420 sq ft principal dwelling). Lot size: 15,638 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 MLS and other third-party data may be inaccurate or out of date.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$585,000
Annual Taxes$9,794

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms7
Fireplaces5
FlooringWood, Flooring - Wood, Flooring - Hardwood
BasementPartial, Interior Entry, Sump Pump

Climate & Utilities

HeatingCentral, Baseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR-3

Property & Lot

Acres0.36
SqFt Lot15,638
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First

12 x 16

Flooring - Wood

Dining Room
Lvl First

14 x 15

Flooring - Hardwood

Kitchen
Lvl First

13 x 15

Primary Bedroom
Lvl Second

15 x 15

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

14 x 15

Bedroom 3
Lvl Second

12 x 14

Fireplace, Flooring - Wood

Bathroom 1
Lvl First

5 x 8

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 2
Lvl Second

10 x 10

Bathroom - Full, Bathroom - Tiled With Tub & Shower

Bathroom 3
Lvl Second

8 x 5

Bathroom - Full, Bathroom - With Shower Stall

Property History

Price Drop
$549,000

Was $585,000

Jun 30, 2026

MLS® 73509153

Listed
$585,000

Apr 29, 2026

MLS® 73509153

Listing Provided By

Listing Agent: Paul Tucker

Listing Office: Tucker Real Estate

MLS® Number: 73509153