390 State St Amherst — Photo 1 of 36
Recent Drop: $35,000
$450,000
Investment Analysis — 390 State St
Amherst, MA 01002
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 4-bedroom in 01002 carries an estimated $3,340/mo in gross rent — about a 5.31% cap rate and $23,912/yr in estimated NOI at the $450,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,248
Style
Single Family
Built
1970
OPEN HOUSE CANCELLED, OFFER ACCEPTED. Opportunity knocks with this spacious home in desirable North Amherst location! Tenants on lease through May 2027 make this a turnkey rental property w/ long-term potential for future owner occupancy. This well-maintained & updated 4 bedroom, 2 bathroom home offers lots of flexible living space inside & out! Main level features a large living room, eat-in kitchen, separate dining room, 2 generously sized bedrooms & full bath. Lower level includes 2 addt'l bedrooms, second full bath, office space, laundry/storage room & plenty of closets throughout. Outside you'll find an oversized garage/barn plus shed with exceptional storage, workshop or additional income. More parking in driveway, too! Enjoy lovely natural surroundings from deck overlooking the backyard. Quiet street with public transportation nearby & convenient access to UMass, Amherst College, Puffers Pond, Cushman Market & downtown. Now is your chance to own this rare combination of convenience, privacy & long-term investment!
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 2,248 sq ft principal dwelling). Lot size: 32,670 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
Electric Water Heater • Water Heater • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondCloset, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
Dining Room
Lvl SecondSkylight, Ceiling Fan(s), Flooring - Wood, Exterior Access, Lighting - Overhead
Kitchen
Lvl SecondFlooring - Stone/Ceramic Tile, Lighting - Overhead
Office
Lvl FirstFlooring - Vinyl
Master Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl FirstCloset, Flooring - Vinyl
Bedroom 4
Lvl FirstCloset, Flooring - Vinyl
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower, Flooring - Laminate, Lighting - Pendant
Bathroom 2
Lvl FirstBathroom - 3/4, Bathroom - With Shower Stall, Flooring - Vinyl
Property History
$450,000
Was $485,000
Jul 20, 2026
MLS® 73518995
$485,000
May 14, 2026
MLS® 73518995
Listing Agent: Heather Ferrari Homes Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73518995