866 Salem St Groveland — Photo 1 of 39
$949,900
Investment Analysis — 866 Salem St
Groveland, MA 01834 — South Groveland
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01834 carries an estimated $2,510/mo in gross rent — about a 1.63% cap rate and $15,474/yr in estimated NOI at the $949,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,256
Style
Single Family
Built
2023
Welcome to this beautiful newer Colonial in desirable South Groveland. This thoughtfully designed home features an open-concept layout with a sun-filled living room, gas fireplace, and spacious dining area flowing into a modern kitchen with a large island, Corian countertops, tile backsplash, stainless steel appliances, gas cooking, recessed lighting, and hardwood floors. Sliding doors lead to a composite deck overlooking the private 0.5-acre yard with a large shed and stone wall accents. The first floor offers a full bath and two flexible office spaces. Upstairs are three spacious bedrooms, including a luxurious primary suite with two walk-in closets and a spa-like bath featuring double vanities, tiled shower, LED mirror, and built-in Bluetooth speaker. A finished lower level provides additional space for a family room, gym, or recreation area, with direct access to the attached one-car garage and 6 parking.
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 2,256 sq ft principal dwelling). Lot size: 21,654 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
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Park • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl null25 x 24
Closet, Flooring - Hardwood
Dining Room
Lvl null25 x 24
Flooring - Hardwood, Deck - Exterior, Exterior Access, Slider
Kitchen
Lvl null25 x 24
Flooring - Hardwood, Kitchen Island, Recessed Lighting, Stainless Steel Appliances, Flooring - Engineered Hardwood
Primary Bedroom
Lvl null16 x 14
Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl null10 x 14
Bedroom 3
Lvl null11 x 14
Closet, Flooring - Hardwood
Bathroom 1
Lvl nullBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl nullBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl nullBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Double Vanity
Listing Agent: Jucelia Oliveira
Listing Office: Delmaschio Group Realty
MLS® Number: 73534039