
297 Elm St Somerset — Photo 1 of 32
Recent Drop: $200,100
$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 2-unit multi-family in 02726 carries an estimated $4,420/mo in gross rent — about a 4.25% cap rate and $31,833/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
4.5
SqFt
2,164
Style
2 Family - 2 Units Side by Side
Built
1977
TWO SEPARATE HOMES ON ONE LOT! This unique property offers incredible flexibility with two distinct residences. 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. 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!
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
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Property History
$749,900
Was $799,999
Aug 26, 2026
MLS® 73527276
$799,999
Was $900,000
Jul 28, 2026
MLS® 73527276
$900,000
Was $950,000
Jun 26, 2026
MLS® 73527276
$950,000
May 30, 2026
MLS® 73527276
Listing Agent: Pamela Cheney
Listing Office: Epique Realty
MLS® Number: 73527276
