Investment Analysis — 1150 Russells Mills Rd

Dartmouth, MA 02748 — Russells Mills Historic District

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 3-bedroom in 02748 carries an estimated $2,270/mo in gross rent — about a 2.12% cap rate and $15,670/yr in estimated NOI at the $740,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,146

Style

Single Family

Built

1775

The Pound Keeper’s Cottage (c. 1775), in the village of Russells Mills, South Dartmouth, Massachusetts, is for sale – the second time since 1958. This country house retreat, cosseted by meadow and woodland, is complemented by the coastal estates, conservation lands, and historic farms, which are so evocative of the New England landscape. Its proximity to Boston, Providence, and NYC makes it an ideal getaway or a full-time residence. Vintage features include painted, old-growth flooring, exposed ceiling beams, panel doors with period hardware, and historic mantelpieces. The interior offers a sitting room, dining room, a bathroom with tub, and a well-appointed kitchen. The second-floor features two bedrooms with an adjacent home office. Improvements include a new roof with wooden gutters and copper drainpipes, a Roth stainless steel oil tank, and an updated heating/AC system. With its historic provenance, this significant home is an exceptional offering.

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: 573 sq ft (the lesser of 900 sq ft or half the 1,146 sq ft principal dwelling). Lot size: 47,045 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.