Active Under Contract
38 Days on market
228 River St Norwell — Photo 1 of 42

228 River St Norwell — Photo 1 of 42

$1,795,000

Investment Analysis — 228 River St

Norwell, MA 02061

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02061 carries an estimated $3,880/mo in gross rent — about a 1.02% cap rate and $18,334/yr in estimated NOI at the $1,795,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

4,432

Style

Single Family

Built

1999

Set along scenic and historic River Street, this spacious 4-bedroom, 3.5-bath Colonial offers more than an acre of beautifully landscaped grounds and a private backyard oasis. The fenced yard features a heated gunite pool powered by paid-off solar panels, mature plantings and a newly built deck with direct access from the cathedral-ceiling living room. Inside, the updated kitchen, refreshed first-floor half bath, custom mudroom lockers and family room with built-ins combine style with everyday function. The full walkout lower level opens directly to the pool area and offers exceptional entertaining and flex space, including a custom mahogany wet bar with kegerator, gas fireplace, game room, gym area, full bath and additional living space. Upstairs are four bedrooms, including a primary suite with walk-in closet, Jacuzzi soaking tub and separate shower. Additional highlights include finished loft space over the oversized two-door garage, a new front portico and a bluestone walkway. **A truly spectacular home offering space, style and a resort-like setting in one of Norwell’s most picturesque locations.

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 4,432 sq ft principal dwelling). Lot size: 45,302 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

Original Price$1,795,000
Annual Taxes$17,052

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms12
Fireplaces2
FlooringWood, Tile, Carpet, Hardwood, Stone / Slate, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
BasementFull, Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingBaseboard, Natural Gas, Fireplace
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRes

Property & Lot

Acres1.04
SqFt Lot45,302
Lot FeaturesWooded

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer • Wine Refrigerator

Neighborhood

Shopping • Walk/Jog Trails • House of Worship

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily Room
Main,First
Bathroom 1
Living Room
Lvl First

15 x 19

Cathedral Ceiling(s), Flooring - Hardwood, French Doors, Cable Hookup, Deck - Exterior, Exterior Access

Dining Room
Lvl First

15 x 13

Flooring - Hardwood, Chair Rail

Kitchen
Lvl First

23 x 16

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Wine Chiller, Gas Stove, Window Seat

Family Room
Lvl First

15 x 15

Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Cable Hookup

Primary Bedroom
Lvl Second

22 x 15

Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Attic Access

Bedroom 2
Lvl Second

16 x 12

Bedroom 3
Lvl Second

13 x 13

Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

16 x 15

Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Main,First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Lighting - Sconce, Beadboard

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub, Double Vanity

Listing Provided By

Listing Agent: Sarah Mcguirk

Listing Office: Coldwell Banker Realty - Norwell - Hanover Regional Office

MLS® Number: 73560131