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44 Pine Island Rd Hanover — Photo 1 of 37

$775,000

Investment Analysis — 44 Pine Island Rd

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 2.51% cap rate and $19,419/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,844

Style

Single Family

Built

1977

Exquisite Colonial on a retreat setting lot on Pine Island Road. You will appreciate the pride of ownership that shines bright for nearly half a century! The spacious kitchen flows into the fire-placed family room which has a slider out to your deck and overlooks your private backyard. The formal living room and dinning room showcases gleaming hardwood floors and is ideal for entertaining. Updates and features include a front to back primary bedroom, new kitchen countertops, stainless steel appliances, a new kitchen sink, gas heat, Weil McClain furnace, a new roof, new light fixures, an over sized 2 car garage, and a screened in porch with a hot tub. Situated on a flat, level lot with over 3/4's of an acre on a cal de sac. Close to Forge Pond Park, s short drive to Route 3, along with many shops and restaurants. This is the home where your story begins.

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 1,844 sq ft principal dwelling). Lot size: 34,848 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.