
10 Pilgrim Way Walpole — Photo 1 of 27
$839,900
Investment Analysis — 10 Pilgrim Way
Walpole, MA 02032 — East Walpole
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02032 carries an estimated $3,790/mo in gross rent — about a 2.94% cap rate and $24,722/yr in estimated NOI at the $839,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,437
Style
Single Family
Built
1900
Some properties ask you to compromise. This one doesn't.10 Pilgrim Way sits on ±45,591 square feet — over an acre — of private, wooded land in one of East Walpole's most sought-after pockets. This is the kind of lot that almost never comes available: deep, private, running back into a pine grove, with a separate ±12,529 sq ft buildable rear parcel that opens up real possibilities most home searches simply don't offer.A pool. A guest house or ADU for extended family. Room for the kids and the dog to actually roam. Or, for the right buyer, the foundation of a true family compound — main house plus a second structure on your own buildable land, all within one property line. The space is here. What you do with it is up to you. Buyer to conduct own due diligence on rear parcel development potential.And the house itself already gives you a real head start. A major permitted renovation roughly 15 years ago brought the core into the modern era: custom kitchen cabinetry, new plumbing throughout both bathrooms, updated wiring and electrical panel, newer Harvey windows through much of the home, forced hot air with central air, added insulation, and refinished original hardwood floors throughout. The water heater is brand new as of August 2026. Permit cards are available for review.What's left to do is entirely cosmetic — paint, flooring, finishes. This is a home where your sweat equity and your vision go straight into making it beautiful, not into re-doing the bones someone already took care of.The setting matches the opportunity. An old-school street with no streetlights, tucked near Bird Park, Constitution Park, and the community playhouse. Post Road Elementary is minutes away, and the new junior high opened in 2025. Boston is about 20 miles out — close enough, far enough.This is a property for someone who sees what it could be: a beautifully finished home on land that lets you actually spread out, in a location people wait years to get into. Come walk it.
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 2,437 sq ft principal dwelling). Lot size: 45,591 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
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Bike Path
Geography
Listing Agent: Marcelino Viereck
Listing Office: Coldwell Banker Realty - Western MA
MLS® Number: 73575006
