117 Spring St Hull — Photo 1 of 36
$1,199,000
Investment Analysis — 117 Spring St
Hull, MA 02045
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02045 carries an estimated $3,170/mo in gross rent — about a 1.92% cap rate and $23,032/yr in estimated NOI at the $1,199,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,988
Style
Single Family
Built
1911
A rare opportunity in historic Hull Village! Set on a .26-acre corner lot and held by the same family for generations, this distinctive property offers so much more than the main house. The approximately 1,988 sq. ft. home features 3 bedrooms, 1.5 baths, hardwood floors, a spacious living room, separate dining room, eat-in kitchen, finished walk-out lower level, farmer’s porch and deck.Outside is where this property truly sets itself apart. Enjoy an in-ground swimming pool, detached two-car garage and an impressive three-story barn with a half bath. Filled with character and offering incredible flexible space, the barn presents possibilities for a workshop, artist studio, home office, recreation space or substantial storage.The property may also offer ADU potential, providing an exciting opportunity for multigenerational living, guest accommodations or additional flexible living space, subject to town requirements, permitting and buyer due diligence.Located close to the Hull commuter ferry with convenient service to downtown Boston, this is an exceptional combination of coastal living and city accessibility.
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 1,988 sq ft principal dwelling). Lot size: 11,252 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First11.083333333 x 23.916666666
Flooring - Hardwood
Dining Room
Lvl First11.333333333 x 120
Flooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood, Kitchen Island
Family Room
Lvl Basement22.75 x 23
Flooring - Wall to Wall Carpet
Master Bedroom
Lvl Second15.25 x 17.916666666
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second11.333333333 x 10.583333333
Bedroom 3
Lvl Second8 x 6.916666666
Closet, Flooring - Hardwood
Bathroom 1
Lvl First5.416666666 x 49
Bathroom - Half
Bathroom 2
Lvl Second6.666666666 x 5.75
Bathroom - Full
Listing Agent: Diane M. Marchione
Listing Office: Conway - Hingham
MLS® Number: 73574790
