195 Colonial Dr Somerset — Photo 1 of 39
Recent Drop: $61,000
$699,000
Investment Analysis — 195 Colonial Dr
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 2.21% cap rate and $15,447/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,212
Style
Single Family
Built
1973
Now being offered at a more attractive price - and BELOW appraised value! This motivated seller is offering you some INSTANT EQUITY! Pride of ownership SHINES in this lovingly built home that has served its departing family well for over 50 years. Located in one of Somerset's most desirable neighborhoods, this sophisticated Dutch Colonial boasts gleaming hardwood floors, expansive composite deck, stainless steel appliances, abundant closet space, built-in sound system, 2 pellet stoves and a gas stove. The updated first floor and decadently landscaped exterior will make you the envy of all! Entertain in the family room with custom built bar. Enjoy your morning coffee in the sunroom while watching the birds. Gather family and friends in the large eat-in kitchen. Cozy up with a good book by the pellet stove in the living room. There are just so many ways to utilize this charming abode! The first floor bedroom and full bath offer a great option for multi-generational living. Mature treescape in the back of the property offers privacy as well as tranquility. Come and see all of the ways your family can enjoy this well-loved home!
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 2,212 sq ft principal dwelling). Lot size: 16,988 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
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Gas Cooktop
Neighborhood
Public Transportation • Park • Walk/Jog Trails • Medical Facility • Laundromat • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access
Dining Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Chair Rail, Pocket Door
Kitchen
Lvl FirstCeiling Fan(s), Flooring - Stone/Ceramic Tile, Chair Rail, Recessed Lighting, Stainless Steel Appliances
Family Room
Lvl FirstWood / Coal / Pellet Stove, Ceiling Fan(s), Flooring - Hardwood, French Doors, Wet Bar, Chair Rail, Exterior Access, Recessed Lighting, Half Vaulted Ceiling(s)
Primary Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCeiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 4
Lvl FirstCeiling Fan(s), Closet, Flooring - Laminate
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Double Vanity
Bathroom 2
Lvl FirstBathroom - With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile
Property History
$699,000
Was $730,000
Sep 4, 2026
MLS® 73553797
$730,000
Was $760,000
Aug 18, 2026
MLS® 73553797
$760,000
Jul 22, 2026
MLS® 73553797
Listing Agent: Jill Oliveira
Listing Office: Keller Williams South Watuppa
MLS® Number: 73553797
