Lot 2 Fay Rd. New Salem — Photo 1 of 1
$79,900
Investment Analysis — Lot 2 Fay Rd.
New Salem, MA 01355
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a home in 01355 carries an estimated $1,170/mo in gross rent — about a 12.20% cap rate and $9,751/yr in estimated NOI at the $79,900 list price. Adjust every assumption in the calculator below.
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Have you been looking for a beautiful 1.57 acre lot to build your dream home? This land is within 1 mile of routes 2,122, and 202 allowing an easy commute to Amherst, Greenfield, and Fitchburg. This land is a mile from the Quabbin Reservoir, a 412 billion-gallon man-made reservoir on about 60,000 acres in Central Massachusetts. Fishing, biking, hiking available to explore very close to this land.
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 MLS and other third-party data may be inaccurate or out of date.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
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Property History
$79,900
Was $69,900
Oct 1, 2025
MLS® 73078210
$69,900
Feb 10, 2023
MLS® 73078210
Listing Agent: Susan Apteker
Listing Office: Four Columns Realty, LLC
MLS® Number: 73078210