109 West Water St Rockland — Photo 1 of 38
$549,990
Investment Analysis — 109 West Water St
Rockland, MA 02370
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02370 carries an estimated $3,080/mo in gross rent — about a 3.95% cap rate and $21,732/yr in estimated NOI at the $549,990 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,476
Style
Single Family
Built
1930
Charming Colonial with Classic Character! This inviting 3-bedroom, 1.5-bath Colonial offers timeless charm, spacious rooms, and a convenient location close to shopping and Route 3. Situated on a private .25-acre lot, this solid home brings back the warmth and character of yesteryear while offering features today's buyers will appreciate.A welcoming farmer's porch leads into the comfortable living space, featuring beautiful knotty pine walls and a cozy wood-burning fireplace, complemented by an additional wood stove for added warmth and ambiance. Gleaming hardwood flooring, generous room sizes, and convenient first-floor laundry add to the home's appeal. Outside, you'll find plenty of parking, a private level backyard, and a detached one-car garage with an additional workshop—perfect for hobbies, storage, or projects. A wonderful opportunity to own a home filled with character, warmth, and potential in a convenient location.
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: 738 sq ft (the lesser of 900 sq ft or half the 1,476 sq ft principal dwelling). Lot size: 10,890 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
Electric Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Golf • Highway Access • House of Worship • Public School
Geography
Listing Agent: Steven Defrancesco
Listing Office: Silverstone Realty Group
MLS® Number: 73574774