Active
105 Days on market
297 Elm St Somerset — Photo 1 of 31

297 Elm St Somerset — Photo 1 of 31

Recent Drop: $200,100

$950,000
$749,900

$749,900

Investment Analysis — 297 Elm St

Somerset, MA 02726

Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 6-bedroom in 02726 carries an estimated $2,630/mo in gross rent — about a 2.07% cap rate and $15,509/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

4

SqFt

2,164

Style

Single Family

Built

1977

TWO SEPARATE HOMES ON ONE LOT! This unique property offers incredible flexibility with two distinct residences connected by an enclosed hallway through the garage. Perfect for extended family, multi-generational living, an in-law arrangement, or anyone looking for additional living space.The main raised ranch features an open floor plan with an eat-in kitchen, dining area, and living room with a wood-burning fireplace. The second floor offers three bedrooms, one full bathroom, and central air conditioning. The finished lower level provides additional living space with a second wood-burning fireplace, divided family room, and access to the two-car garage.The second residence offers its own separate living space with an open-concept eat-in kitchen and living room on the upper level. The primary bedroom is located on the second floor and includes access to a private deck. The finished lower level features two additional bedrooms, a full bathroom, bonus room, and separate utility/laundry room.With two homes on one lot, this property provides exceptional versatility and privacy while keeping the residences conveniently connected. Whether you're looking for space for extended family, a multi-generational setup, or additional living accommodations, the possibilities are endless.Both homes also feature solar panels, helping reduce electric costs. The solar agreements are transferable to the new owner, providing the potential for continued energy savings.A rare opportunity to own two residences on one property—come see the possibilities!

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 2,164 sq ft principal dwelling). Lot size: 22,651 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

Original Price$950,000
Annual Taxes$8,477

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms10
Fireplaces2
Flooring--
BasementNone

Climate & Utilities

HeatingOil, Natural Gas, Active Solar
CoolingCentral Air, Window Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Stone
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.52
SqFt Lot22,651
Lot FeaturesCleared

Amenities & Appliances

Water Heater • Gas Water Heater

Geography

Property History

Price Drop
$749,900

Was $799,999

Aug 26, 2026

MLS® 73527274

Price Drop
$799,999

Was $900,000

Jul 28, 2026

MLS® 73527274

Price Drop
$900,000

Was $950,000

Jun 26, 2026

MLS® 73527274

Listed
$950,000

May 31, 2026

MLS® 73527274

Listing Provided By

Listing Agent: Pamela Cheney

Listing Office: Epique Realty

MLS® Number: 73527274