243 Colrain Road Greenfield — Photo 1 of 42
Recent Drop: $40,400
$719,500
Investment Analysis — 243 Colrain Road
Greenfield, MA 01301
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 4-bedroom in 01301 carries an estimated $2,410/mo in gross rent — about a 1.40% cap rate and $10,098/yr in estimated NOI at the $719,500 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
2,958
Style
Single Family
Built
1900
COLONIAL CHARM MEETS ENDLESS POSSIBILITY ON 4.5 PRIVATE ACRES Discover a rare find where timeless Colonial character meets space to live, play and entertain without limits. This 4 bedroom, 3.5 bath home offers four finished levels of living space, unique architectural details throughout, and a suite of major upgrades: Owned solar panels, central air, five-zone heating, and full generator back-up. Outside the property becomes the amenity. Take a dip in the in-ground pool, spread out across multiple expansive lawns, or have fun at the playground, playhouse, and dual zip lines. A garden space rounds out the grounds. The showstopper is a 30' x 60' barn with a wood stove, ready for hobbies, storage, a workshop, or your next big project. Whether you're hosting a crowd or simply enjoying the privacy and beauty of your own land, this is the kind of lifestyle that is getting harder to find. And it is all just minutes from shopping, dining, and major highways.
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 2,958 sq ft principal dwelling). Lot size: 196,020 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Tankless Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl SecondBathroom - Full
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl ThirdBathroom - 3/4
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full
Bathroom 3
Lvl SecondBathroom - 3/4
Property History
$719,500
Was $759,900
Aug 6, 2026
MLS® 73541189
$759,900
Jun 24, 2026
MLS® 73541189
Listing Agent: Judith A Larson
Listing Office: Cohn & Company
MLS® Number: 73541189
