Active Under Contract
43 Days on market
26 Water St Freetown — Photo 1 of 38

26 Water St Freetown — Photo 1 of 38

Recent Drop: $25,000

$699,900
$674,900

$674,900

Investment Analysis — 26 Water St

Freetown, MA 02702

Based on HUD Small Area Fair Market Rent for Brockton, MA HUD Metro FMR Area, a 2-unit multi-family in 02702 carries an estimated $4,240/mo in gross rent — about a 4.90% cap rate and $33,101/yr in estimated NOI at the $674,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,688

Style

2 Family - 2 Units Up/Down

Built

1900

Rare Multi-Family Opportunity with Water Views in Historic Assonet! Don't miss this exceptional opportunity to own a rare multi-family property in one of Assonet's most desirable waterfront neighborhoods. Ideally located directly across from Hathaway Park and the public boat ramp, this unique property offers beautiful water views and immediate access to the Assonet River, making it perfect for boating, fishing, kayaking, paddleboarding, or simply enjoying the peaceful surroundings. Whether you're searching for an investment property, an owner-occupied home with rental income, or a flexible option for multi-generational living, this property offers endless possibilities. While the home could benefit from updates and your personal vision, it presents an outstanding opportunity to build equity and maximize value in a highly sought-after location. The spacious layout provides flexibility for today's living needs and may offer potential for an Accessory Dwelling Unit (ADU), subject to local approvals and buyer due diligence. Commuters will appreciate the convenience of being just five minutes from the MBTA Commuter Rail, providing easy access to Boston while enjoying the charm and slower pace of historic Assonet. Nearby you'll find local restaurants, parks, walking trails, marinas, and all that the South Coast has to offer, with Routes 24, 140, and 195 providing convenient highway access. Opportunities to own a multi-family property in this location are few and far between, making this an excellent choice for investors looking to expand their portfolio, buyers seeking rental income to offset housing costs, or those planning for extended family living. Bring your ideas, renovate to your taste, and unlock the full potential of this unique property in a picturesque waterfront setting. With scenic views, an unbeatable location, commuter convenience, and tremendous upside potential, this is a rare chance to invest in one of Assonet's hidden gems. Schedule your showing today and imagine the possibilities this special property has to offer.

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

Original Price$699,900
Annual Taxes$5,568

Parking

Garage0
Off-Street8

Interior Specifications

Total Rooms10
FireplacesNone
FlooringTile, Vinyl, Carpet
BasementPartial, Bulkhead, Unfinished

Climate & Utilities

HeatingOil, Electric
Cooling--
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Granite, Irregular
ZoningVR

Property & Lot

Acres0.45
SqFt Lot19,602
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Conservation Area • Public School • T-Station

Geography

Property History

Price Drop
$674,900

Was $699,900

Aug 5, 2026

MLS® 73553475

Listed
$699,900

Jul 22, 2026

MLS® 73553475

Expired
$399,000

Feb 9, 2011

MLS® 71120938

Listed
$399,000

Aug 9, 2010

MLS® 71120938

Listing Provided By

Listing Agent: Jeffrey Begin

Listing Office: Lands End Realty, Inc.

MLS® Number: 73553475