Active

8 Days on market

99 Luther Ave Somerset — Photo 1 of 41

$539,000

Investment Analysis — 99 Luther Ave

Somerset, MA 02726

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 3-bedroom in 02726 carries an estimated $2,210/mo in gross rent — about a 2.79% cap rate and $15,064/yr in estimated NOI at the $539,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,300

Style

Single Family

Built

1951

Presenting a meticulously maintained single-family residence at 99 Luther Ave, Somerset, MA, built in 1951, offering 1300 square feet of living space. The living room is spacious and features a fireplace for those chilly winter nights. The large main bedroom has plenty of room for an additional work space or seating area and has a convenient half bathroom. There are two thoughtfully detailed bedrooms with hardwood floors. All the bedrooms have custom built-in cabinets and shelving providing loads of storage space. Thoughtful planning makes maximum use of both the interior space and in the basement as well. The basement provides significant storage space and several work areas for crafts, sewing, etc. The generous 7841 square foot lot offers ample outdoor potential for landscaping or recreational pursuits. In the back yard there is a remarkable workshop complete with propane heat that is a woodworker's and/or crafter's dream! There is an additional storage shed for lawn care items, etc. Further enhancing the property's appeal is a single-car garage, providing interior access as well as secure parking and additional storage.

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: 7,841 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.