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11 Days on market

23 Water St Berkley — Photo 1 of 42

$659,000

Investment Analysis — 23 Water St

Berkley, MA 02779

Based on HUD Small Area Fair Market Rent for Brockton, MA HUD Metro FMR Area, a 2-bedroom in 02779 carries an estimated $2,110/mo in gross rent — about a 1.72% cap rate and $11,335/yr in estimated NOI at the $659,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,300

Style

Single Family

Built

2026

Rare opportunity for brand-new, one-level ranch living with **NO HOA fees and water access with an annual $60.00 fee that gives you full access to boat ramp, parks and dock** Located in a desirable Berkley subdivision with access to the river for boating and jet skiing, with access to Newport, RI by boat in one hour. This thoughtfully designed 2-bedroom, 2-full-bath with a separate office space home features a desirable split-bedroom floor plan, 9-foot ceilings, and an open-concept living area with an electric fireplace and nickel-gap accent wall. The upgraded white kitchen offers quartz countertops and a functional layout. Enjoy the outdoors from the upgraded deck with durable PVC railings overlooking a beautiful yard with irrigation system. Additional features include a 1-car attached garage with an oversized garage door to fit a small boat, propane 95% efficient furnace, central A/C, and fresh-air exchanger. The large basement/cellar offers excellent storage and future potential for additional finished space. Built to current energy and building codes, this home offers the benefits of new construction with low-maintenance living. Perfect for downsizing, first-time buyers, or anyone looking for easy one-floor living with recreational water access.

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: 650 sq ft (the lesser of 900 sq ft or half the 1,300 sq ft principal dwelling). Lot size: 16,117 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.