500 Graves Road Conway — Photo 1 of 40
Recent Drop: $14,500
$564,500
Investment Analysis — 500 Graves Road
Conway, MA 01341
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 4-bedroom in 01341 carries an estimated $3,420/mo in gross rent — about a 4.46% cap rate and $25,197/yr in estimated NOI at the $564,500 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,888
Style
Single Family
Built
1989
Set on over 2 acres, this beautifully updated Saltbox Colonial offers nearly 2,900 sq ft of living space, an in-ground pool, 3-car garage and an impressive list of improvements. The bright, open concept kitchen features quartz countertops, stainless appliances and plenty of space to gather, flowing easily into the home’s comfortable living and dining areas. With 4 bedrooms and 2.5 baths, there’s room to spread out, while finished lower-level space provides added flexibility for a home office, gym, playroom or media room. Outside, enjoy your own private retreat with an in-ground pool, expansive yard and peaceful wooded surroundings. Heat pumps, a whole-house generator and additional updates add comfort and peace of mind. Offering space, privacy, recreation and valuable garage/workshop storage, this move-in-ready home delivers a rare combination of country living and modern convenience.
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 2,888 sq ft principal dwelling). Lot size: 94,574 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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Water Heater • Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
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Property History
$564,500
Was $579,000
Sep 9, 2026
MLS® 73560138
$579,000
Aug 6, 2026
MLS® 73560138
Listing Agent: Kapil Batra
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73560138