
42 Walnut Rd Hamilton — Photo 1 of 36
$745,000
Investment Analysis — 42 Walnut Rd
Hamilton, MA 01982 — Downtown S Hamilton
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01982 carries an estimated $3,390/mo in gross rent — about a 2.73% cap rate and $20,366/yr in estimated NOI at the $745,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,752
Style
Single Family
Built
1892
A Rare Opportunity in the Heart of South Hamilton: Set on an exceptional ¾-acre lot in the heart of downtown South Hamilton, this distinctive four-bedroom shingle-style home offers a rare combination of character, location, land, and tremendous potential. Just minutes from the Winthrop School and Hamilton train station, the property provides the convenience of in-town living while offering an expansive and private setting.The home retains the charm and character of a classic New England property, highlighted by a welcoming front porch, a beautiful rear porch, hardwood floors, abundant windows, and a flexible floor plan ready for its next chapter. Surrounded by mature trees and established gardens, the property has a wonderful sense of privacy and an inviting connection to the outdoors. Adding to its appeal is a charming old barn with endless possibilities—ideal for a workshop, studio, storage, hobby space, or a future creative vision, subject to approvals. The generous lot provides ample space to enhance, renovate and thoughtfully reimagine this classic home. This property, with its shingle-style architecture, front and back porches and undeniable potential, offers possibilities that are increasingly difficult to find in Hamilton. Whether you are a developer or home buyer, this prime in-town location, with its substantial lot and timeless character, presents a rare opportunity to create a dream home.
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 2,752 sq ft principal dwelling). Lot size: 31,720 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First15 x 17
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Crown Molding, Decorative Molding
Dining Room
Lvl First17 x 12
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Decorative Molding
Kitchen
Lvl First15 x 13
Flooring - Laminate, Window(s) - Bay/Bow/Box, Gas Stove
Family Room
Lvl First13 x 19
Flooring - Wall to Wall Carpet
Primary Bedroom
Lvl Second15 x 12
Bathroom - Full, Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
Bedroom 2
Lvl Second15 x 14
Bedroom 3
Lvl Second13 x 11
Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
Bedroom 4
Lvl First15 x 8
Ceiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1
Lvl First4 x 5
Bathroom - Half
Bathroom 2
Lvl Second6 x 13
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Window(s) - Bay/Bow/Box
Listing Agent: Henry Gourdeau
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73568540