865 Salem St Groveland — Photo 1 of 31
Recent Drop: $40,000
$589,000
Investment Analysis — 865 Salem St
Groveland, MA 01834
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01834 carries an estimated $2,090/mo in gross rent — about a 2.14% cap rate and $12,622/yr in estimated NOI at the $589,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,370
Style
Single Family
Built
1950
Charming single-family home with a versatile and inviting layout! This well-maintained property features a spacious living room, a dining room with direct access to a large deck overlooking the beautiful backyard, a bright kitchen with vaulted ceilings and brand-new stainless steel appliances, and a full bath on the first floor.The second floor offers two bedrooms and a walk-up attic with potential for a third bedroom, home office, playroom, or additional living space. The flexible floor plan provides plenty of options to suit your lifestyle. Enjoy relaxing or entertaining on the expansive deck while taking in views of the backyard and large lot. Additional highlights include a two-car garage and brand-new siding, enhancing both curb appeal and value. A wonderful opportunity to own a charming home that seamlessly blends comfort, character, and functionality! Recently hooked up to town sewer and newly paved driveway! Must See! New Fence just installed!! Open House 8/22 12:30-2pm
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: 685 sq ft (the lesser of 900 sq ft or half the 1,370 sq ft principal dwelling). Lot size: 43,995 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
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First22.916666666 x 18.666666666
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl Main,First20.166666666 x 8.75
Flooring - Hardwood, Deck - Exterior, Exterior Access, Slider, Lighting - Overhead
Kitchen
Lvl Main,First11.583333333 x 10.75
Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Window(s) - Picture, Breakfast Bar / Nook
Master Bedroom
Lvl Second16.833333333 x 11.5
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second13.25 x 9.166666666
Bathroom 1
Lvl First7.416666666 x 6.5
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Property History
$589,000
Was $629,000
Aug 11, 2026
MLS® 73540521
$629,000
Jun 23, 2026
MLS® 73540521
Listing Agent: Tracy Salvi
Listing Office: Keller Williams Realty Evolution
MLS® Number: 73540521