483 Federal St Montague — Photo 1 of 31
Recent Drop: $10,000
$285,000
Investment Analysis — 483 Federal St
Montague, MA 01351
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a 4-bedroom in 01351 carries an estimated $2,810/mo in gross rent — about a 7.76% cap rate and $22,124/yr in estimated NOI at the $285,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,539
Style
Single Family
Built
1960
Welcome to 483 Federal St, a classic four-bedroom, two-bathroom Cape Cod home situated on an expansive, level 2.7-acre lot in peaceful Montague, MA. Offering 1,590 square feet of living space, this seven-room home sits well back from the road to provide exceptional privacy, generous lawn space, and abundant off-street parking. The main level features a functional floor plan including a light-filled living room, traditional dining area, kitchen, and flexible bedroom options alongside a full bath. Upstairs, dormered bedrooms offer charming sloped ceilings, ample storage, and a second full bathroom. The full unfinished basement houses the utilities, laundry hookups, and a brick fireplace flue, offering extensive storage capacity or future expansion potential. The mechanical systems include an oil forced-air heating system, gas range connectivity, and a modern circuit panel. Outside, the property's level topography is framed by mature trees, making it ideal for gardening, recreation, or homesteading projects. The exterior is finished with low-maintenance vinyl siding, asphalt shingles, dual front dormers, and a sturdy concrete block foundation. Whether you are looking for a solid investment, a home with strong bones to customize, or a peaceful retreat with room to spread out in Franklin County, 483 Federal Street presents an incredible opportunity ready for your personal touch.
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: 117,743 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
Geography
Property History
$285,000
Was $295,000
Aug 31, 2026
MLS® 73565704
$295,000
Aug 19, 2026
MLS® 73565704
Listing Agent: Derek Greene
Listing Office: The Greene Realty Group
MLS® Number: 73565704
