Investment Analysis — 156 & 158 Mansfield Ave.

Norton, MA 02766

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 3-bedroom in 02766 carries an estimated $3,500/mo in gross rent — about a 2.87% cap rate and $24,377/yr in estimated NOI at the $850,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

1,316

Style

Single Family

Built

1950

Supreme development opportunity! Located on well traveled Route 140, with nearby dynamic development, this Village commercial combination of 2 parcels welcomes your vision and desired expansion. Whether you want to keep the single family and build on the land, or capitalize on the 12 unit CONDO FEASIBILITY PLAN, opportunity knocks among location convenience and serenity with nearby Norton Reservoir! With soil testing and wetland delineation complete, take this project to the finish line, with a variety of potential uses! Current home is tenant occupied, for instant income while you finalize your project and development plans! PLEASE DO NOT WALK PROPERTY WITHOUT AN APPOINTMENT.

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: 658 sq ft (the lesser of 900 sq ft or half the 1,316 sq ft principal dwelling). Lot size: 61,855 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 MLS and other third-party data may be inaccurate or out of date.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.