
497 Main Street Hatfield — Photo 1 of 42
Recent Drop: $49,000
$750,000
Investment Analysis — 497 Main Street
Hatfield, MA 01038
Based on HUD Small Area Fair Market Rent for Amherst Town-Northampton, MA MSA, a 8-bedroom in 01038 carries an estimated $3,130/mo in gross rent — about a 2.67% cap rate and $20,020/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
3.5
SqFt
4,698
Style
Single Family
Built
1900
An unusual offering with possibilities limited only by your imagination! Could this be the dream come to reality—one property where you can live, work, create and generate rental income to help pay the mortgage?Set on 2.6 beautiful, private acres, this distinctive property includes a single-family home, a separate two-family home, and an impressive 28’ x 56’ fully restored barn. Thoughtfully positioned with plenty of privacy between the buildings, the property offers a rare combination of residential, rental and workspaces.The main home features a wonderful addition with a charming tower room that could become your home office, bedroom, studio, reading retreat or meditation space—the choice is yours. The separate two-family home provides excellent potential for rental income, extended family, guests or additional living arrangements.The fully restored barn is a standout feature, offering substantial flexible space for a workshop, studio, home business, creative pursuits, storage or other possibilities. The barn is set up for radiant heat, for you to make it a truly usable year-round space.Modern mechanical systems in both residential buildings add comfort and peace of mind while preserving the property’s unique character. With multiple buildings, generous acreage and an extraordinary blend of living, working and income-producing potential, this is far more than a home—it is an opportunity to create the lifestyle and property you’ve been imagining.Rarely does a property offer this much flexibility, privacy and potential in one package. Come explore the possibilities and decide what your dream looks like here.
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 4,698 sq ft principal dwelling). Lot size: 113,391 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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Amenities & Appliances
Water Heater • Range • Oven • Dishwasher • Microwave • Washer • Dryer
Neighborhood
Conservation Area • Highway Access • Private School • Public School • University
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Property History
$750,000
Was $799,000
Sep 1, 2026
MLS® 73563071
$799,000
Aug 13, 2026
MLS® 73563071
Listing Agent: Ilene Berezin
Listing Office: The Murphys REALTORS®, Inc.
MLS® Number: 73563071
