427-429 Deerfield St Greenfield — Photo 1 of 21
Recent Drop: $55,000
$195,000
Investment Analysis — 427-429 Deerfield St
Greenfield, MA 01301 — Cheapside
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 4-bedroom in 01301 carries an estimated $2,410/mo in gross rent — about a 8.83% cap rate and $17,228/yr in estimated NOI at the $195,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,668
Style
Single Family
Built
1841
Welcome to this spacious Deerfield Street home offering plenty of room, flexibility, and a convenient Greenfield location. With 4 bedrooms, 2 full bathrooms, and generously sized living spaces, there’s room here to spread out, work from home, accommodate extended family, or simply enjoy having a little extra space. Tall ceilings throughout add to the open, comfortable feel of the home, while the versatile floor plan allows the next owner to make the space work for their needs. Conveniently located near downtown Greenfield, shopping, restaurants, and major routes, everyday errands and commuting are within easy reach. Looking for even more possibilities? The layout may also lend itself to future two-family use with the addition of a second egress, giving buyers the option to explore multi-generational living or income potential down the road. If you’ve been looking for a home with space, flexibility, and a location that keeps you connected to everything Greenfield has to offer, this one deserves another look.
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 2,668 sq ft principal dwelling). Lot size: 11,099 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
Neighborhood
Public Transportation • Shopping • Medical Facility • Laundromat • Bike Path • Highway Access
Geography
Property History
$195,000
Was $225,000
Jun 21, 2026
MLS® 73484196
$225,000
Was $240,000
May 19, 2026
MLS® 73484196
$240,000
Was $250,000
Apr 7, 2026
MLS® 73484196
$250,000
Mar 9, 2026
MLS® 73484196
$250,000
Jan 10, 2026
MLS® 73428693
$250,000
Sep 10, 2025
MLS® 73428693
Listing Agent: Alayna Zellmann
Listing Office: Ruggeri Real Estate
MLS® Number: 73484196