1148 Broadway Hanover — Photo 1 of 2
$399,000
Investment Analysis — 1148 Broadway
Hanover, MA 02339
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02339 carries an estimated $3,080/mo in gross rent — about a 5.26% cap rate and $21,007/yr in estimated NOI at the $399,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,817
Style
Single Family
Built
1870
The property at 1148 Broadway has a main house built in 1870 zoned residential and an old barn zoned commercial; the lot being composed of both residential and commercial land. The main house is a tear down. Seller is currently conducting a perc test to determine plans for a new septic. Property being sold ''as is''. The sale includes the property at 249 Cross Street directly behind and abutting the lot on Broadway. 0.05 acres of commercial land and an old building zoned commercial. The barn at 1148 Broadway is 2 stories approximately 30' x 20' with a basement. It has a central air gas heating system. The structure on 249 Cross St. is approximately 35' x 22'. The Buildability of lot requires further investigation. Buyer to verify all information and conduct due diligence.
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 2,817 sq ft principal dwelling). Lot size: 18,730 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 MLS and other third-party data may be inaccurate or out of date.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
Water Heater
Geography
Listing Agent: Brian Miller
Listing Office: Keller Williams Realty Signature Properties
MLS® Number: 73542509
