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13 Days on market

15 Rockland St Hanover — Photo 1 of 42

$799,000

Investment Analysis — 15 Rockland St

Hanover, MA 02339

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02339 carries an estimated $3,080/mo in gross rent — about a 2.23% cap rate and $17,821/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,000

Style

Single Family

Built

1983

Incredible Opportunity Awaits to live in Hanover!! Come see this Unique Expansive Colonial with farmer's porch w/composite decking. This well-maintained house features 3 Bedrooms & 2 Full Baths and 1 Half Bath w/ finished walk-out basement set on a spacious lot of land. Amenities include Large Eat-in Kitchen with island & pantry, First Floor Laundry, spacious master bedroom w/ huge walk-in closet and en suite bathroom, hardwood floors, 200-amp electrical panel, Walk up attic w/ plenty of storage. Hardie board siding & natural shingles & a circular driveway. Enjoy relaxing outdoor living w/ a large private backyard w/ composite deck, patio, shed & firepit. Large oversized garage with loft, natural gas connection and an electrical subpanel - Huge opportunity to add substantial value with an ADU. Close proximity to Hanover Crossing, Schools & Boston via Expressway.

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 2,000 sq ft principal dwelling). Lot size: 30,056 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.