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550 South St Somerset — Photo 1 of 42

$599,000

Investment Analysis — 550 South St

Somerset, MA 02726

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 4-bedroom in 02726 carries an estimated $2,630/mo in gross rent — about a 2.92% cap rate and $17,480/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,012

Style

Single Family

Built

2005

Located on a cul-de-sac, this impressive 4-bedroom, 3-bath home offers an exceptional blend of space, versatility, and thoughtful finishes. The well-appointed layout features finished living space across two levels with a natural, comfortable flow throughout. The main level includes 3 bedrooms, 2 full baths, and the primary living areas.The fully finished lower level is a standout feature, providing approximately 1,400 square feet of beautifully finished additional living space. Complete with a bedroom, bonus room, spacious living area, full bath, built-in dog house, laundry room and a stylish second kitchen featuring quartz countertops and walk-in pantry storage, this space offers endless flexibility. It is ideal for a potential in-law suite, multigenerational living, private guest accommodations, home office space, or a possible ADU conversion (subject to applicable approvals and permitting). Outside, a long driveway provides ample off-street parking. The property is ideally situated 0.3 miles from Pierce Beach and Route 138, combining serene local charm with quick, convenient access to area amenities and major routes.

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 3,012 sq ft principal dwelling). Lot size: 20,038 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.