249 Prospect St Hingham — Photo 1 of 25
$1,025,000
Investment Analysis — 249 Prospect St
Hingham, MA 02043
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02043 carries an estimated $3,880/mo in gross rent — about a 2.39% cap rate and $24,515/yr in estimated NOI at the $1,025,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
2,280
Style
Single Family
Built
1968
Classic Colonial home in a convenient South Hingham location. The first floor features a spacious living room with a fireplace and large picture window overlooking the lovely backyard, a sunny eat-in kitchen, dining room, and family room that opens to a charming screened-in porch, an inviting extension of the living space and a wonderful spot to relax and enjoy the outdoors. Upstairs are four bedrooms and a full bath, while the partially finished basement offers additional space ideal for a home gym or playroom, along with a dedicated laundry room. Ideally located just behind the beloved Wanders Road neighborhood and close to Wompatuck State Park, Derby Street Shops, and Route 3 for easy commuting.
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 2,280 sq ft principal dwelling). Lot size: 40,000 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 MLS and other third-party data may be inaccurate or out of date.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 • Range • Dishwasher • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Lighting - Pendant
Kitchen
Lvl FirstFlooring - Wood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Slider, Stainless Steel Appliances
Family Room
Lvl FirstBeamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Vinyl, Recessed Lighting, Beadboard
Master Bedroom
Lvl SecondCloset, Flooring - Hardwood, Crown Molding
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Bathroom 2
Lvl SecondBathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Listing Agent: Darleen Lannon
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73571664