
864 South Rd. Ashby — Photo 1 of 37
$499,900
Investment Analysis — 864 South Rd.
Ashby, MA 01431
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01431 carries an estimated $2,560/mo in gross rent — about a 3.57% cap rate and $17,869/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,213
Style
Single Family
Built
2011
Welcome to 864 South Road, a stunning waterfront single-family residence in Ashby, MA, offering serene lakefront views and a dock for all your aquatic adventures. This home boasts 3 levels of livings space featuring an open floor plan and upscale upgrades througout. Step inside to a beautifully remodeled kitchen, complete with granite countertops, a center island, and stainless steel appliances, including a Fisher & Paykel dishwasher and propane cooktop. The main floor bathroom boasts a stylish tiled shower and hydronic towel warmer. A private upper-level suite includes a half bathroom, mirrored pocket doors, and a walk-in closet, while the finished daylight basement features pebble-stone accent walls and a new Marvin View Glass door leading to a charming stone patio. Heating and cooling are ensured year-round with a high-efficiency propane boiler and a mini-split heat pump system, complemented by Runtal baseboard radiators. The exterior features a newly constructed composite deck with storage and a privacy screen, landscaped grounds with a fire pit by the water's edge. Additionally, a convenient 4x8 storage shed is located in the yard for all your outdoor essentials. Located just 15 minutes from the train station and near skiing, this property presents an excellent opportunity for income generation as a short-term Airbnb-style rental, attracting visitors eager to enjoy the beauty of lakefront living. Please note that while this home is legally zoned as a one-bedroom, the layout allows for the option of a second bedroom in the basement. The tight tank has a generous 2,800-gallon capacity, accommodating various usage patterns. Recent updates encompass new electrical wiring and a radon mitigation system for peace of mind. Don’t miss this rare opportunity to own a meticulously maintained waterfront home in a tranquil setting—schedule your visit today to experience the beauty and comfort of 864 South Road!
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: 607 sq ft (the lesser of 900 sq ft or half the 1,213 sq ft principal dwelling). Lot size: 4,487 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
Water Heater • Tankless Water Heater • Oven • Dishwasher • Microwave • Range • Water Treatment • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Range Hood • Cooktop
Neighborhood
Other
Geography
Property History
$499,900
Sep 11, 2026
MLS® 73575890
$499,900
Sep 10, 2026
MLS® 73567524
$499,900
Aug 24, 2026
MLS® 73567524
$500,000
Jul 9, 2026
MLS® 73479700
$500,000
Mar 17, 2026
MLS® 73479700
$540,000
Oct 27, 2025
MLS® 73397777
$540,000
Jun 27, 2025
MLS® 73397777
$550,000
Jun 27, 2025
MLS® 73318847
$550,000
Dec 15, 2024
MLS® 73318847
$599,000
Sep 24, 2024
MLS® 73262602
$599,000
Jul 13, 2024
MLS® 73262602
Listing Agent: Christopher Chadzynski
Listing Office: Northeast Realty + Co.
MLS® Number: 73575890
