
381 Willow St Mansfield — Photo 1 of 36
$575,000
Investment Analysis — 381 Willow St
Mansfield, MA 02048
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02048 carries an estimated $3,080/mo in gross rent — about a 3.62% cap rate and $20,788/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,539
Style
Single Family
Built
1926
Hold your horses! We've been anxiously awaiting the launch of this beautifully maintained home. The sellers were more than meticulous in making 381 their own, and you'll reap the benefits of their attention to detail. Recent updates include a new heating system, central air and a fully renovated kitchen and half bath plus a gorgeous outdoor living space where the sellers poured both vision and capital. Your private, sprawling green space is ideal for gardeners, soccer games and outdoor soirées. Inside, rich hardwood floors run throughout and walls of windows bring in a sunny, airy feel. Upstairs you'll find three spacious bedrooms and full bath. The expansive basement doubles as a home gym and handyman's workshop. Here's your chance to be moved in by early fall just in time to watch the Patriots take on the Buffalo Bills with a crackling fire in the wood burning fireplace as the leaves turn. And the location delivers: Commuter Rail, top schools, Main Street shops and 495 access all within 2 miles, plus F. Gilbert Hills and Borderland State Parks nearby for hiking, biking, and horseback riding. So there you have it! So much packed into this outstanding value but don't just take our word for it, come see for yourself at one of our open houses!
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: 770 sq ft (the lesser of 900 sq ft or half the 1,539 sq ft principal dwelling). Lot size: 10,960 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
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First24 x 14
Flooring - Hardwood
Dining Room
Lvl First11 x 13
Flooring - Hardwood
Kitchen
Lvl First12 x 15
Flooring - Hardwood, Pantry
Master Bedroom
Lvl Second17 x 14
Flooring - Hardwood
Bedroom 2
Lvl Second10 x 13
Bedroom 3
Lvl Second10 x 10
Flooring - Hardwood
Bathroom 1
Lvl FirstFlooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondFlooring - Stone/Ceramic Tile
Listing Agent: Cahill+Co. Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73568883
