
225 E Water St Rockland — Photo 1 of 42
Recent Drop: $24,000
$575,000
Investment Analysis — 225 E 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 3.62% cap rate and $20,812/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,579
Style
Single Family
Built
1880
Prepare to fall in love with 225 East Water Street, a home that perfectly captures the balance between classic New England character and modern finishes. Inside, the home feels airy and bright, with sun-drenched rooms that highlight thoughtful updates throughout. The transition between spaces feels natural, anchored by rich flooring and architectural details that nod to the home’s original soul. The first floor is highlighted by an expansive kitchen, large living room, mud/laundry room, and full bathroom. Upstairs you'll find three bedrooms and an additional full renovated bathroom, adding to everyday convenience. Outside, the property provides a generous backdrop for summer gatherings with updated decking, a new patio, gazebo, and above-ground pool. With easy access to local favorites and commuter routes, this is more than just a house—it’s a place to truly plant your roots. Don't miss the chance to make this blend of timeless style and modern comfort your own.
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: 790 sq ft (the lesser of 900 sq ft or half the 1,579 sq ft principal dwelling). Lot size: 11,443 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 • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 14
Flooring - Hardwood
Dining Room
Lvl First10 x 10
Flooring - Wood, Recessed Lighting
Kitchen
Lvl First12 x 15
Flooring - Wood, Countertops - Stone/Granite/Solid, Recessed Lighting
Master Bedroom
Lvl Second16 x 14
Ceiling Fan(s), Walk-In Closet(s)
Bedroom 2
Lvl Second12 x 13
Bedroom 3
Lvl Second13 x 12
Ceiling Fan(s), Closet
Bathroom 1
Lvl First10 x 5
Bathroom - Full
Bathroom 2
Lvl Second6 x 10
Bathroom - Full
Property History
$575,000
Was $589,000
Aug 18, 2026
MLS® 73550386
$589,000
Was $599,000
Jul 23, 2026
MLS® 73550386
$599,000
Jul 15, 2026
MLS® 73550386
Listing Agent: Jameson Lee
Listing Office: Compass
MLS® Number: 73550386