477 River Road Deerfield — Photo 1 of 42
Recent Drop: $40,000
$459,900
Investment Analysis — 477 River Road
Deerfield, MA 01342
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 3-bedroom in 01342 carries an estimated $2,950/mo in gross rent — about a 4.78% cap rate and $21,984/yr in estimated NOI at the $459,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,512
Style
Single Family
Built
1970
Watch the narrated video! This home is a peaceful haven with a beautiful view with the windows to enjoy it. This property offers privacy and tranquility. No fossil fuel deliveries. The mountain laurels are in bloom as of the list date on 6/11/26. Updates to this home include (all APO): New 50 year roof and sheathing (2018), new 200 amp service with service to the two-car garage (2019), regraded & pitched driveway (2019), new two-zone heat pump HVAC system (2025), new heat pump hot water heater (2025), new windows in all three bedrooms and bathroom (2025), new basement pellet stove (2018), and more. See agent for the complete list. This property offers a great yard for work or play. The house is a three bedroom, one bath home with gleaming hardwood floors and LTV flooring. The dine-in kitchen just had a make-over, as well. A wood-burning stove creates a cozy space in family room, which is currently being used as an office from where the view can be enjoyed.
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: 756 sq ft (the lesser of 900 sq ft or half the 1,512 sq ft principal dwelling). Lot size: 60,983 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater
Neighborhood
Shopping • Park • Stable(s) • Conservation Area • House of Worship • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCloset, Flooring - Hardwood, Open Floorplan
Dining Room
Lvl FirstFlooring - Laminate, Slider
Kitchen
Lvl FirstFlooring - Laminate, Dining Area
Family Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Laminate, Exterior Access, Open Floorplan
Master Bedroom
Lvl FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub
Property History
$459,900
Was $479,900
Sep 3, 2026
MLS® 73534334
$479,900
Was $499,900
Jul 16, 2026
MLS® 73534334
$499,900
Jun 11, 2026
MLS® 73534334
Listing Agent: Michael Seward
Listing Office: Michael Seward Real Estate
MLS® Number: 73534334