21 Shepard Ave Pembroke — Photo 1 of 41
$589,000
Investment Analysis — 21 Shepard Ave
Pembroke, MA 02359
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02359 carries an estimated $3,530/mo in gross rent — about a 4.47% cap rate and $26,325/yr in estimated NOI at the $589,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,520
Style
Single Family
Built
1950
Move right into this beautifully renovated 3-bedroom ranch just steps from Sandy Pond, offering picturesque water views and beach access you’ll feel like you’re on vacation every day! Completely renovated in 2021, this home combines an easy, open floor plan with modern finishes and an abundance of natural light. The bright and airy living space features a skylight, recessed lighting and central AC, flowing seamlessly into the updated kitchen with stainless steel appliances and quartz counter tops. Three well-proportioned bedrooms each offer closet space, while the finished walk-out lower level provides flexible bonus space perfect for a playroom, home office, gym or additional living area. Outside, enjoy a huge fenced-in backyard with a covered patio, ideal for entertaining, pets and summer nights. Two driveways provide exceptional off-street parking for 8+ cars. With pond views, beach access just steps away and all the major updates already complete, there is truly nothing to do but move in and enjoy!
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: 760 sq ft (the lesser of 900 sq ft or half the 1,520 sq ft principal dwelling). Lot size: 9,178 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.
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Listing Agent: Dynan Team
Listing Office: Seaport Realty Group
MLS® Number: 73579633
