16 Norfolk St. Lakeville — Photo 1 of 42
Recent Drop: $50,000
$975,000
Investment Analysis — 16 Norfolk St.
Lakeville, MA 02347
Based on HUD Small Area Fair Market Rent for Brockton, MA HUD Metro FMR Area, a 3-bedroom in 02347 carries an estimated $3,190/mo in gross rent — about a 2.54% cap rate and $24,776/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,656
Style
Single Family
Built
1920
Set on over 3/4 of an acre with 50' of waterfront and its own boat ramp this home is perfect for the buyer looking for privacy and access to the largest fully recreational pond in Massachusetts. Stunning views from nearly every room with your own private beach and cabana. Just 7.9 mls. from the Middleboro Commuter Rail & Rt. 495 Enjoy outdoor living on a stunning waterside patio, perfect for relaxing or entertaining. The property includes a private boat ramp, sandy beach area, and a convenient bungalow for storing boating and swimming gear. Many major updates have already been completed, including a new septic system (2025), new roof, new Harvey windows, new electric hot water heater, and a newly tiled bathroom floor. (2019) Additional improvements include new attic insulation and a new propane hot air furnace with an A/C coil ready for future central air. The home also features newly installed wiring and an interlock system for a portable generator, providing added peace of mind. This well-maintained property combines comfort, reliability, and the best of waterfront living.
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: 828 sq ft (the lesser of 900 sq ft or half the 1,656 sq ft principal dwelling). Lot size: 33,541 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Refrigerator
Neighborhood
Tennis Court(s) • Walk/Jog Trails • Stable(s) • Golf • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl SecondProperty History
$975,000
Was $997,100
Aug 17, 2026
MLS® 73486967
$997,100
Was $998,000
Jul 29, 2026
MLS® 73486967
$998,000
Was $1,025,000
May 14, 2026
MLS® 73486967
$1,025,000
Apr 2, 2026
MLS® 73486967
Listing Agent: Lynn Lidonni
Listing Office: Berkshire Hathaway HomeServices Robert Paul Properties
MLS® Number: 73486967