259 Water St Hanover — Photo 1 of 42
Recent Drop: $15,000
$824,900
Investment Analysis — 259 Water St
Hanover, MA 02339
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02339 carries an estimated $3,390/mo in gross rent — about a 2.90% cap rate and $23,892/yr in estimated NOI at the $824,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,021
Style
Single Family
Built
1954
Charming, classic cape on peaceful country road with added bonus of an in-law/ADU setup makes this the perfect place for you and your extended family to enjoy. Roomy mudroom with lots of space and cabinetry welcomes you at side entrance or through spacious 2-car garage, which flows into kitchen with lots of smart storage. Updated kitchen and baths makes it move-in ready, all you have to do is unpack and take pleasure in all of the comforst of home! Three bedrooms can be found in main part of house with option for primary bedroom on the first or second floor. Tranquil back yard for entertaining family and friends. In-law set up added in 2016 includes full kitchen, bedroom, spacious liiving room, roomy bath and it's own washer and dryer in large, walk-in closet area. Enjoy quick access to Luddam's Ford Park, a 6-acre paradise which invites walkers and hikers to immerse themselves in the tranquility of nature. Welcome home, welcome to Hanover!
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 2,021 sq ft principal dwelling). Lot size: 21,780 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
Tankless Water Heater • Range • Dishwasher • Refrigerator • Stainless Steel Appliance(s)
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Walk/Jog Trails • Stable(s) • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19.666666666 x 10.75
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
Dining Room
Lvl First11.416666666 x 10.75
Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl First12.25 x 11.5
Flooring - Hardwood, Recessed Lighting, Stainless Steel Appliances, Lighting - Overhead
Master Bedroom
Lvl Second22.583333333 x 12.75
Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second22.583333333 x 12.75
Bedroom 3
Lvl First11.583333333 x 11.5
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second11.333333333 x 9.583333333
Flooring - Laminate
Bathroom 1
Lvl First8 x 4.583333333
Bathroom - Half
Bathroom 2
Lvl Second8 x 5.166666666
Bathroom - Full, Bathroom - With Tub & Shower
Bathroom 3
Lvl Second7.666666666 x 6.666666666
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Property History
$824,900
Was $839,900
Aug 27, 2026
MLS® 73562539
$839,900
Aug 12, 2026
MLS® 73562539
Listing Agent: Anne Fitzgerald
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73562539
