
37 School Street Merrimac — Photo 1 of 42
Recent Drop: $50,000
$849,900
Investment Analysis — 37 School Street
Merrimac, MA 01860
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01860 carries an estimated $3,390/mo in gross rent — about a 2.61% cap rate and $22,212/yr in estimated NOI at the $849,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
2,832
Style
Single Family
Built
1881
Charming 5 bedroom 3 bath colonial, where classic New England charm meets easy modern living. There's plenty of space to work from home and enjoy time with family and friends. A beautiful grand staircase sets the tone as you enter, leading to bright, inviting living spaces and flexible first floor bedroom or office.Cheerful kitchen features center island and opens onto the deck, making summer dinners and backyard gatherings a breeze. Enjoy sunny days on the front porch or cozy evenings inside with the central air. The mostly fenced , level lot offers room to relax and play, while the garage and walk up provide great storage and future possibilities. Ideally located in the sought after Pentucket Regional and Whittier Regional School Districts. You'll be close to beaches, dining, and routes 495 and 95. A wonderful blend of charm, space and everyday convenience- ready to welcome you home.
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 2,832 sq ft principal dwelling). Lot size: 10,890 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
Gas Water Heater
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 13
Flooring - Wood, Window(s) - Bay/Bow/Box, Exterior Access
Dining Room
Lvl First14 x 12
Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Crown Molding
Kitchen
Lvl Main,First22 x 18
Coffered Ceiling(s), Vaulted Ceiling(s), Closet, Closet/Cabinets - Custom Built, Pantry, Countertops - Upgraded, Kitchen Island, Country Kitchen, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Gas Stove, Lighting - Pendant, Lighting - Overhead, Half Vaulted Ceiling(s)
Master Bedroom
Lvl Second18 x 20
Bathroom - 3/4, Ceiling Fan(s), Closet - Linen, Closet, Remodeled, Lighting - Overhead
Bedroom 2
Lvl First13 x 13
Bedroom 3
Lvl Second13.5 x 12.5
Closet, Flooring - Wood, Lighting - Overhead
Bedroom 4
Lvl Second13.5 x 12.5
Closet, Flooring - Wood, Lighting - Overhead
Bedroom 5
Lvl Second13.5 x 12.5
Closet, Flooring - Wood, Lighting - Overhead
Bathroom 1
Lvl First11 x 9
Bathroom - 3/4, Dryer Hookup - Electric, Lighting - Overhead
Bathroom 2
Lvl Second12 x 6
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Lighting - Overhead
Bathroom 3
Lvl Second12 x 6
Bathroom - 3/4, Bathroom - With Shower Stall
Property History
$849,900
Was $899,900
Aug 25, 2026
MLS® 73561787
$899,900
Aug 11, 2026
MLS® 73561787
$899,900
Jul 24, 2026
MLS® 73517593
$899,900
May 13, 2026
MLS® 73517593
$989,900
May 5, 2026
MLS® 73496983
$989,900
Apr 7, 2026
MLS® 73496983
$1,100,000
Nov 10, 2025
MLS® 73421908
$1,100,000
Aug 25, 2025
MLS® 73421908
Listing Agent: Heidi A. Jewett
Listing Office: Jewett Real Estate
MLS® Number: 73561787
