21 Forest Lane Manchester — Photo 1 of 42
Recent Drop: $296,000
$1,599,000
Investment Analysis — 21 Forest Lane
Manchester, MA 01944
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01944 carries an estimated $3,520/mo in gross rent — about a 1.16% cap rate and $18,501/yr in estimated NOI at the $1,599,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
4
SqFt
4,562
Style
Single Family
Built
1988
NEW PRICE – 200K PRICE IMPROVEMENT. Gorgeous custom-built home in Manchester-by-the-Sea is set on a beautifully professionally landscaped lot, surrounded by extensive woodlands and miles of trails. This 4-bedroom, 5-bath residence offers a first floor primary suite and a sophisticated elegant interior. At the center of the home, a dramatic two-sided stone fireplace creates an inviting focal point. The stunning kitchen features white cabinetry, granite counter tops, all-new appliances, and access to an expansive deck overlooking the lovely garden. A custom outdoor stone fireplace creates the perfect setting for entertaining. A 2023 extensive renovation created a brand new family room, fourth bedroom/office, full bathroom, and laundry room; ideal for in-laws. The finished lower level offers versatile space with abundant storage. Close to downtown Manchester with its beaches, harbor, commuter rail and top rated schools.
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 4,562 sq ft principal dwelling). Lot size: 22,172 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
Water Heater • Range • Oven • Dishwasher • Trash Compactor • Refrigerator • Freezer • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 22
Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Deck - Exterior, Recessed Lighting
Dining Room
Lvl First14 x 15
Flooring - Hardwood
Kitchen
Lvl First21 x 16
Skylight, Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Washer Hookup, Gas Stove
Office
Lvl First12 x 13
Skylight, Ceiling - Cathedral, Ceiling Fan(s), Flooring - Wall to Wall Carpet
Family Room
Lvl FirstVaulted Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Master Bedroom
Lvl First17 x 13
Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Double Vanity, Recessed Lighting
Bedroom 2
Lvl Second16 x 12
Bedroom 3
Lvl Second13 x 14
Flooring - Hardwood, Recessed Lighting
Bedroom 4
Lvl FirstCloset, Flooring - Hardwood, Recessed Lighting
Bathroom 1
Lvl First11 x 12
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Countertops - Stone/Granite/Solid, Recessed Lighting
Bathroom 2
Lvl Second10 x 6
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting
Property History
$1,599,000
Was $1,795,000
Sep 7, 2026
MLS® 73536474
$1,795,000
Was $1,895,000
Aug 5, 2026
MLS® 73536474
$1,895,000
Jun 16, 2026
MLS® 73536474
Listing Agent: Evonne Blanchard
Listing Office: Coldwell Banker Realty - Manchester
MLS® Number: 73536474
