
268 Water Street Pembroke — Photo 1 of 42
$1,100,000
Investment Analysis — 268 Water Street
Pembroke, MA 02359
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02359 carries an estimated $3,890/mo in gross rent — about a 2.32% cap rate and $25,545/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
3,116
Style
Single Family
Built
1985
Beautifully updated 4-bedroom Colonial set on a private professionally landscaped .92 acre lot with an exceptional back yard retreat with a heated in-ground pool! This spacious home is designed for comfortable living and effortless entertaining. First floor features a welcoming office, a newer Timeless Design kitchen with Bosch dishwasher and refrigerator, a slider leading to the deck and a 6 burner Capital Culinarian very powerful gas cook top with an impressive vent. A spacious dining room is off the kitchen as well as a cathedral ceiling family room with a gas fireplace, sky lights and sliders leading to a newer aztek deck. Also on the first floor is a bright sunroom with a wet bar and sliders also leading to an expansive deck. First floor laundry room and half bath complete your first floor living! Upstairs has a primary bedroom with hard wood floors and a full bath. There are three additional good size bedrooms and a full bath with a vaulted ceiling and tub shower combination. There is a 2 car garage with an attached workshop complete with electricity for any craftsman looking for work space. Amazing opportunity to live in this updated home close to shopping and Route 3 truly a special property!
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 3,116 sq ft principal dwelling). Lot size: 40,075 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 • Oven • Dishwasher • Microwave • Refrigerator • Range Hood • Plumbed For Ice Maker
Neighborhood
Shopping • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl First12 x 11
Flooring - Hardwood, Chair Rail, Decorative Molding
Kitchen
Lvl First14 x 16
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Deck - Exterior, Recessed Lighting, Slider, Gas Stove
Office
Lvl First16 x 14
Flooring - Hardwood, Recessed Lighting
Family Room
Lvl First15 x 20
Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Beamed Ceilings, Flooring - Hardwood, Balcony / Deck, Slider, Wainscoting, Beadboard
Primary Bedroom
Lvl Second15 x 15
Closet, Flooring - Hardwood
Bedroom 2
Lvl Second12 x 12
Bedroom 3
Lvl Second12 x 11
Closet, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second12 x 13
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First4 x 7
Bathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second7 x 9
Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second8 x 8
Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$1,100,000
Sep 8, 2026
MLS® 73572398
$2,500
Aug 17, 2010
MLS® 71116286
$2,500
Jul 29, 2010
MLS® 71116286
Listing Agent: Laurie Reney
Listing Office: Boston Connect Real Estate
MLS® Number: 73572398