389 River Rd Carlisle — Photo 1 of 42
$4,495,000
Investment Analysis — 389 River Rd
Carlisle, MA 01741
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 8-bedroom in 01741 carries an estimated $3,390/mo in gross rent — about a -0.39% cap rate and $-17,488/yr in estimated NOI at the $4,495,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
6.5
SqFt
9,536
Style
Single Family
Built
1979
Set on an extraordinary 12-acre waterfront parcel, this rare property features two homes on a single private lot along the scenic Concord River. The contemporary main residence is designed to capture stunning river views from nearly every room, offering elegant living spaces, five fireplaces, and a spectacular indoor pool for year-round enjoyment. In total, the property includes 8 bedrooms and 7 bathrooms, providing exceptional space for family and guests. A private dock extends into the Concord River, offering direct access for boating, kayaking, and waterfront recreation. Surrounded by mature landscaping and acres of natural beauty, the property offers remarkable privacy and a peaceful setting while remaining conveniently accessible to upscale shopping, fine dining, and 3 airports. Combining luxury, contemporary design, and one of the area's most desirable riverfront locations, this exceptional estate presents a rare opportunity to enjoy an unparalleled waterfront lifestyle.
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 9,536 sq ft principal dwelling). Lot size: 561,052 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
Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator • Freezer • Washer • Dryer • Water Treatment • Range Hood • Water Softener • Plumbed For Ice Maker
Neighborhood
Shopping • Pool • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl Main,First26 x 18
Flooring - Wood, Open Floorplan, Recessed Lighting, Remodeled, Lighting - Overhead
Kitchen
Lvl Main,First26.75 x 24
Closet/Cabinets - Custom Built, Flooring - Wood, Dining Area, Pantry, Countertops - Upgraded, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Gas Stove, Lighting - Pendant, Lighting - Overhead
Office
Lvl Main27 x 18
Flooring - Wall to Wall Carpet, High Speed Internet Hookup, Recessed Lighting, Remodeled, Lighting - Overhead
Family Room
Lvl Main,First22.75 x 16
Flooring - Wood, Cable Hookup, Recessed Lighting, Remodeled
Master Bedroom
Lvl Second23 x 22
Bathroom - Full, Bathroom - Double Vanity/Sink, Closet - Linen, Walk-In Closet(s), Flooring - Wall to Wall Carpet, Window(s) - Picture, Dressing Room, Recessed Lighting, Lighting - Overhead
Bedroom 2
Lvl Second15.5 x 12.75
Bedroom 3
Lvl Second23.833333333 x 12
Bathroom - 3/4, Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
Bedroom 4
Lvl Fourth Floor20 x 15
Bathroom - 3/4, Closet, Flooring - Wall to Wall Carpet, Window(s) - Picture, Dressing Room
Bedroom 5
Lvl First14 x 12
Closet, Flooring - Wall to Wall Carpet, Recessed Lighting, Remodeled, Lighting - Overhead
Bathroom 1
Lvl Main,FirstBathroom - Half
Bathroom 2
Lvl Main,First11 x 9
Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Remodeled
Bathroom 3
Lvl Second22 x 13
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Skylight, Closet - Linen, Flooring - Stone/Ceramic Tile, Soaking Tub
Property History
$4,495,000
Jun 8, 2026
MLS® 73531988
$4,950,000
May 23, 2026
MLS® 73474797
$4,950,000
Feb 5, 2026
MLS® 73474797
$6,950,000
Nov 17, 2025
MLS® 73396245
$6,950,000
Jun 25, 2025
MLS® 73396245
Listing Agent: Kevin Balboni
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73531988
