
238 Chestnut St Rehoboth — Photo 1 of 42
$649,000
Investment Analysis — 238 Chestnut St
Rehoboth, MA 02769
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 3-bedroom in 02769 carries an estimated $1,970/mo in gross rent — about a 2.00% cap rate and $13,012/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,680
Style
Single Family
Built
1973
Welcome home to this beautifully designed ranch, offering exceptional versatility, generous living space, and an ideal layout for entertaining or extended family living. This home is situated on a picturesque 1.5-acre lot steeped in local history. This property sits on the site of the historic Horton's Signal, once used to light beacon fires warning surrounding towns of approaching British soldiers and alerting the militia to prepare for raid. It's a truly unique piece of American heritage. With over 2680 square feet of living space between the first floor and finished basement, this home provides plenty of room for everyone to spread out and enjoy. The first floor features three oversized bedrooms, including a private primary suite with direct access to the back deck and a large walk-in closet. The updated primary bathroom showcases a stylish tile shower, while the main bathroom offers double sinks and a bidet for added convenience. The inviting open floor plan creates a warm, elegant atmosphere, anchored by a living room featuring decorative columns and a wood/coal stove for cozy evenings. A slider provides seamless access to the expansive rear deck, ideal for indoor/outdoor living. Enjoy year-round comfort with the flexibility of propane or electric heat, allowing homeowners to choose the option that best suits their needs and budget. Outdoor living shines with an oversized back deck complete with a pergola, perfect for entertaining, plus a full-length composite front porch that adds timeless curb appeal and another relaxing space to unwind. The finished basement presents an incredible opportunity for extended family, guests, or additional living space. Featuring a separate entrance, this private living area includes a full kitchen with propane stove, a bathroom with stand-up shower, a fireplace, two bedrooms, and a laundry area. This offers complete privacy and independence from the main living quarters. Additional highlights include abundant parking, a shed with ramp access, and a large unfinished area beneath the home offering ample room for storage, hobbies, or future expansion. With its flexible floor plan, updated baths, elegant architectural details, multiple outdoor living spaces, a separate finished lower-level suite, and a rare historical distinction, this truly is an exceptional 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 2,680 sq ft principal dwelling). Lot size: 65,340 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Water Treatment
Neighborhood
Shopping • Stable(s) • Golf • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstWood / Coal / Pellet Stove, Flooring - Hardwood, Exterior Access
Kitchen
Lvl Main,FirstFlooring - Vinyl, Dining Area, Balcony / Deck, French Doors, Kitchen Island, Exterior Access
Master Bedroom
Lvl FirstBathroom - Full, Walk-In Closet(s), Flooring - Vinyl, Slider, Crown Molding
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full, Flooring - Vinyl, Bidet, Double Vanity
Bathroom 2
Lvl FirstBathroom - Tiled With Shower Stall, Flooring - Vinyl
Listing Agent: Sarah Dumke
Listing Office: Evolution Real Estate
MLS® Number: 73569176
