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17 North Ave Rockland — Photo 1 of 37

$485,000

Investment Analysis — 17 North Ave

Rockland, MA 02370

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02370 carries an estimated $2,160/mo in gross rent — about a 2.74% cap rate and $13,294/yr in estimated NOI at the $485,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,727

Style

Single Family

Built

1880

What if your commute was a flight of stairs? This mixed-use property in Rockland center pairs a ground-floor office with a 1-bedroom apartment upstairs. It is not a single-family residence, but it's a rare chance to live and work under one roof, or to run your business downstairs while the apartment, currently rented at $1,700/month on a tenant-at-will basis, helps pay the mortgage. The tenant-at-will arrangement offers flexibility for an owner-occupant or an investor. Built in 1880 and home to a local optometry office for decades, the ground floor offers a reception area, a sunny waiting room, several private rooms, two half baths, and ramp access at the side entry. Upstairs, the apartment features a living room, hardwood floors, an eat-in kitchen, a full bath, and in-unit laundry. Paved parking, a 2-car garage, and a storage shed round it out, all steps from restaurants and shops and directly across from a daycare. Ready to stop renting your office and start owning 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: 864 sq ft (the lesser of 900 sq ft or half the 1,727 sq ft principal dwelling). Lot size: 8,808 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.