
263 Edgewater Drive Pembroke — Photo 1 of 40
$925,000
Investment Analysis — 263 Edgewater Drive
Pembroke, MA 02359 — North Pembroke
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02359 carries an estimated $3,890/mo in gross rent — about a 2.87% cap rate and $26,538/yr in estimated NOI at the $925,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,304
Style
Single Family
Built
1984
Welcome to 263 Edgewater Drive, a spacious 4-bedroom, 2-bath Garrison Colonial set in a desirable, established North Pembroke neighborhood. Built in 1984 and lovingly maintained by its original owner, this home offers plenty of room for everyday living and entertaining. The first floor features a living room, fireplaced family room, dining room, and updated kitchen with granite countertops and generous workspace. An inviting three-season room extends the living space and opens to a newer 18' x 12' deck overlooking the in-ground pool, perfect for summer gatherings, morning coffee, or relaxing at the end of the day. Hardwood floors, central air, updated windows and sliders, generously sized rooms and a two-car garage add to the home's appeal. Upstairs are four bedrooms and a full bath, while the walkout lower level includes finished space offering additional flexibility. A new septic system was installed in 2020. A new hot water tank was installed in July 2026. The pool liner was replaced five years ago. The pool will be closed for the season soon! Convenient to shopping, restaurants, schools and Route 3, this well-loved home offers space, location and a wonderful setting to make your own.
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 2,304 sq ft principal dwelling). Lot size: 44,880 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First16 x 12
Flooring - Hardwood, Window(s) - Picture, Recessed Lighting, Wainscoting
Dining Room
Lvl First15 x 12
Flooring - Hardwood, Window(s) - Picture
Kitchen
Lvl Main,First25 x 12
Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Recessed Lighting, Slider, Stainless Steel Appliances, Wine Chiller, Lighting - Pendant
Family Room
Lvl First16 x 15
Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Hardwood, Slider
Primary Bedroom
Lvl Second16 x 14
Flooring - Vinyl, Closet - Double
Bedroom 2
Lvl Second12 x 11
Bedroom 3
Lvl Second14 x 12
Closet, Flooring - Vinyl
Bedroom 4
Lvl Second12 x 12
Closet, Flooring - Vinyl
Bathroom 1
Lvl First10 x 6
Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second8 x 7
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Linda Macdonald
Listing Office: Keller Williams Realty Colonial Partners
MLS® Number: 73585030








