231 West Main St Georgetown — Photo 1 of 29
Recent Drop: $-39,000
$539,000
Investment Analysis — 231 West Main St
Georgetown, MA 01833
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01833 carries an estimated $3,970/mo in gross rent — about a 5.57% cap rate and $30,028/yr in estimated NOI at the $539,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,080
Style
Single Family
Built
1900
CASH OR REHAB ONLY BUYERS! Preapproval/POF must be shown prior to viewing. Large 4BR home features all wood floors, fenced yard, and 2 sheds. Property is suitable for a contractor or an end user. Title V failed. Septic to be installed by the buyer. New approved 4BR septic design will be provided upon transfer. This property is sold as is, where is. Sale may be subject to third party approval. Brokers see remarks.
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 2,080 sq ft principal dwelling). Lot size: 16,400 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 MLS and other third-party data may be inaccurate or out of date.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 • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Pool • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 18
Flooring - Wood
Kitchen
Lvl First14 x 14
Flooring - Wood
Primary Bedroom
Lvl First13 x 16
Flooring - Wood
Bedroom 2
Lvl Second13 x 18
Bedroom 3
Lvl Second13 x 12
Flooring - Wood
Bedroom 4
Lvl Second12 x 8
Flooring - Wood
Bathroom 1
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Half
Property History
$539,000
Was $550,000
Mar 18, 2026
MLS® 73370699
$550,000
Was $500,000
Feb 19, 2026
MLS® 73370699
$599,000
May 7, 2025
MLS® 73370699
Listing Agent: Kelly Anne Martinson
Listing Office: Churchill Properties
MLS® Number: 73370699
