
183 Upper Rd Deerfield — Photo 1 of 24
$299,900
Investment Analysis — 183 Upper Rd
Deerfield, MA 01342
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 3-bedroom in 01342 carries an estimated $2,950/mo in gross rent — about a 7.30% cap rate and $21,899/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,296
Style
Single Family
Built
1948
Set back on 2.1 acres, this 1948 Cape has the kind of setting that feels tucked away without being far from anything. Inside, hardwood floors and a living room fireplace with woodstove insert give the home a warm, lived-in character, while two enclosed porches add flexible space for a sunny sitting area, morning coffee, plants, or simply enjoying the changing seasons. The 3 bedroom, 1.5 bath layout offers a comfortable footprint with plenty of opportunity to make the spaces your own. Several practical updates have already been taken care of, including new vinyl windows, a new well pump, and a recently repointed chimney. Outside, the 2.1-acre lot offers room to spread out, garden, play, or just enjoy the quieter country surroundings. Even with the rural feel, the location is convenient to major routes, Deerfield Academy, local parks, grocery shopping, downtown Greenfield, and the Greenfield train station. A great option for someone looking for a little more space, a little more character, and some breathing room without sacrificing convenience.
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: 648 sq ft (the lesser of 900 sq ft or half the 1,296 sq ft principal dwelling). Lot size: 91,489 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
Electric Water Heater • Water Heater • Range • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Shopping • Walk/Jog Trails • Laundromat • Conservation Area • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstFlooring - Wood
Kitchen
Lvl FirstFlooring - Wood
Master Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl FirstBathroom - Half
Listing Agent: Donald Mailloux
Listing Office: Coldwell Banker Community REALTORS®
MLS® Number: 73570620
