16+40 Treasure Island Rd Plainville — Photo 1 of 1
$325,000
Investment Analysis — 16+40 Treasure Island Rd
Plainville, MA 02762 — Lake Mirimichi
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02762 carries an estimated $2,580/mo in gross rent — about a 5.93% cap rate and $19,268/yr in estimated NOI at the $325,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
840
Style
Single Family
Built
1950
TWO LOTS BEING SOLD AS A PACKAGE. #16 IS A 4373 SQ FT LOT WITH 50' OF FRONTAGE ON BOTH THE ROAD AND THE WATER. #40 IS ALSO A WATERFRONT PROPERTY. PROPERTIES BEING SOLD AS IS, CASH ONLY. BUYER IS RESPONSIBILE FOR ALL DUE DILIGENCE. HOME IS A TEAR DOWN OR A COMPLETE REHAB WITH NO UTILITIES CURRENTLY ON. DO NOT WALK PROPERTY WITHOUT LISTING AGENT PRESENT. SELLER HAS NO PLANS,SURVEYS OR ENGINEERING IN HAND.
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: 420 sq ft (the lesser of 900 sq ft or half the 840 sq ft principal dwelling). Lot size: 4,199 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Refrigerator
Neighborhood
Shopping • Highway Access
Geography
Listing Agent: Noonan/ Lombardi & Associates
Listing Office: Noonan/Lombardi, REALTORS® LLC
MLS® Number: 73550271
