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42 Walnut Rd Hamilton — Photo 1 of 36

42 Walnut Rd Hamilton — Photo 1 of 36

$745,000

Investment Analysis — 42 Walnut Rd

Hamilton, MA 01982 — Downtown S Hamilton

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01982 carries an estimated $3,390/mo in gross rent — about a 2.73% cap rate and $20,366/yr in estimated NOI at the $745,000 list price. Adjust every assumption in the calculator below.

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Beds

4

Baths

1.5

SqFt

2,752

Style

Single Family

Built

1892

A Rare Opportunity in the Heart of South Hamilton: Set on an exceptional ¾-acre lot in the heart of downtown South Hamilton, this distinctive four-bedroom shingle-style home offers a rare combination of character, location, land, and tremendous potential. Just minutes from the Winthrop School and Hamilton train station, the property provides the convenience of in-town living while offering an expansive and private setting.The home retains the charm and character of a classic New England property, highlighted by a welcoming front porch, a beautiful rear porch, hardwood floors, abundant windows, and a flexible floor plan ready for its next chapter. Surrounded by mature trees and established gardens, the property has a wonderful sense of privacy and an inviting connection to the outdoors. Adding to its appeal is a charming old barn with endless possibilities—ideal for a workshop, studio, storage, hobby space, or a future creative vision, subject to approvals. The generous lot provides ample space to enhance, renovate and thoughtfully reimagine this classic home. This property, with its shingle-style architecture, front and back porches and undeniable potential, offers possibilities that are increasingly difficult to find in Hamilton. Whether you are a developer or home buyer, this prime in-town location, with its substantial lot and timeless character, presents a rare opportunity to create a dream 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 2,752 sq ft principal dwelling). Lot size: 31,720 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

Original Price$745,000
Annual Taxes$10,551

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms9
Fireplaces2
FlooringWood, Carpet, Laminate, Flooring - Wood, Flooring - Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Walk-Out Access, Interior Entry, Bulkhead, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingHot Water, Natural Gas, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone
ZoningR1A

Property & Lot

Acres0.73
SqFt Lot31,720
Lot FeaturesCleared, Level

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBedroom 4Bathroom 1
Living Room
Lvl First

15 x 17

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Crown Molding, Decorative Molding

Dining Room
Lvl First

17 x 12

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Decorative Molding

Kitchen
Lvl First

15 x 13

Flooring - Laminate, Window(s) - Bay/Bow/Box, Gas Stove

Family Room
Lvl First

13 x 19

Flooring - Wall to Wall Carpet

Primary Bedroom
Lvl Second

15 x 12

Bathroom - Full, Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box

Bedroom 2
Lvl Second

15 x 14

Bedroom 3
Lvl Second

13 x 11

Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box

Bedroom 4
Lvl First

15 x 8

Ceiling Fan(s), Closet, Flooring - Hardwood

Bathroom 1
Lvl First

4 x 5

Bathroom - Half

Bathroom 2
Lvl Second

6 x 13

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Window(s) - Bay/Bow/Box

Listing Provided By

Listing Agent: Henry Gourdeau

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73568540