38 Blueberry Hill Rd New Salem — Photo 1 of 41
Recent Drop: $11,000
$688,900
Investment Analysis — 38 Blueberry Hill Rd
New Salem, MA 01355
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 6-bedroom in 01355 carries an estimated $2,240/mo in gross rent — about a 1.85% cap rate and $12,779/yr in estimated NOI at the $688,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
2,748
Style
Single Family
Built
1890
Attention Equestrians, cattlemen, farmers !!! Come and be the first to see this outstanding colonial home on 18+ acres with stables, hay barn, corals, heated tack room and pastures ready for haying and grazing. Up until just a few weeks ago this property was being used as an active horse stable but could also be used for any type of other agricultural and live stock uses. This houses interior offers and ideal opportunity for true country living. A wonderful new master suite on the first floor with private bath and 5 additional bedrooms on the second with potential for others, it would make a great equestrian Airbnb. Large gourmet kitchen with commercial appliances. A formal federal style dinning room offers a great place for family meals and entertaining. The large formal living area makes this home comfortable and roomy. Being at the end of a dead end street you can find all the privacy you want with woods and rolling pasture. Book your private showing today
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 2,748 sq ft principal dwelling). Lot size: 703,930 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
Electric Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Stable(s) • Conservation Area • Public School
Geography
Property History
$688,900
Was $689,900
Sep 9, 2026
MLS® 73541367
$689,900
Was $694,900
Sep 4, 2026
MLS® 73541367
$694,900
Was $699,900
Aug 5, 2026
MLS® 73541367
$699,900
Jun 24, 2026
MLS® 73541367
Listing Agent: Kenneth Maston
Listing Office: Keller Williams Realty North Central
MLS® Number: 73541367
