
116 Martin Road Concord — Photo 1 of 39
$1,690,000
Investment Analysis — 116 Martin Road
Concord, MA 01742
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01742 carries an estimated $4,200/mo in gross rent — about a 1.01% cap rate and $17,150/yr in estimated NOI at the $1,690,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
3,331
Style
Single Family
Built
1955
Located at the end of a cherished cul-de-sac off lower Monument Street, this 10-room gem enjoys a rare combination: the easy interaction of a welcoming, active neighborhood with the serenity of a peaceful setting in back. Inside, glass-wrapped walls, a prime due-south orientation and an open, private backyard create an exceptional connection to nature from nearly every room. Beautiful hardwood floors and a thoughtful floor plan provide an inviting backdrop for both relaxed family living and gracious entertaining. At the heart of the home is a spectacular family room, where 10’ windows, a dramatic vaulted ceiling and three sets of sliders quite literally bring the outdoors in. The result is an extraordinarily light-filled space in every season regardless of weather. A gas-burning stove adds warmth and ambiance, creating a cozy retreat on snowy afternoons and crisp New England days. Adjacent is the impressive 26’ kitchen, thoughtfully designed with custom cabinetry, a wet bar, command central work desk, breakfast bar and casual dining area with an inviting window seat. A year-round sunroom follows, offering an idyllic spot for morning coffee or a quiet read, with ten windows framing serene garden views that are also enjoyed from the adjacent office.Gracing the front of the house, the fireplaced living room and formal dining room open naturally to one another, creating an elegant yet comfortable setting for entertaining small and large crowds alike. Upstairs are three bedrooms and two full baths, including a remarkable 27’ primary suite with three closets and a generously sized bath with wallk in shower and double vanity in addition to reading nook lined with bookshelves.The walkout lower level extends the living space with a fireplaced recreation room, systems room, workshop and a spacious two-car garage. Pride of ownership is evident throughout, with recent updates including a Viessmann boiler (2020), new AC units (2016) and roof (2015).Outside, the open, level grounds unfold into beautiful, tiered gardens, a water feature and a 23’ x 12’ deck, all enveloped by a lovely, mature landscape. Sidewalks lead to Concord Center and the Depot, while a nearby path connects to the Great Meadows Wildlife Refuge. A home of uncommon warmth & livability, this exceptional haven seamlessly blends the pleasures of cul-de-sac neighborhood life with the peace and beauty of nature— it embodies a lifestyle that is deeply sought and increasingly rare.
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 3,331 sq ft principal dwelling). Lot size: 20,037 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
Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 11
Flooring - Hardwood
Dining Room
Lvl First17 x 13
Flooring - Hardwood, French Doors
Kitchen
Lvl First26 x 11
Closet/Cabinets - Custom Built, Flooring - Hardwood, Breakfast Bar / Nook, Window Seat
Office
Lvl First13 x 10
Flooring - Hardwood
Family Room
Lvl First23 x 15
Vaulted Ceiling(s), Flooring - Wall to Wall Carpet, Deck - Exterior, Slider, Gas Stove
Primary Bedroom
Lvl Second27 x 12
Flooring - Wall to Wall Carpet, Closet - Double
Bedroom 2
Lvl Second19 x 8
Bedroom 3
Lvl Second14 x 11
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl Second13 x 5
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall
Bathroom 2
Lvl Second10 x 5
Bathroom - Full, Bathroom - Tiled With Tub
Bathroom 3
Lvl FirstBathroom - Half
Listing Agent: Barrett & Comeau Group
Listing Office: Barrett Sotheby's International Realty
MLS® Number: 73574493
