
378 River Street Norwell — Photo 1 of 42
$1,675,000
Investment Analysis — 378 River Street
Norwell, MA 02061
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02061 carries an estimated $3,880/mo in gross rent — about a 1.13% cap rate and $18,899/yr in estimated NOI at the $1,675,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
3,805
Style
Single Family
Built
1850
A once-in-a-generation opportunity on one of Norwell’s most beautiful and storied roads. Rarely does a property of this scale, character and setting become available. Set well back from River Street on 5.4 breathtaking acres, this captivating c.1850 Antique Colonial is surrounded by sweeping lawns, magnificent mature trees, historic stone walls and a classic New England barn. A winding circular drive leads through the grounds, revealing a property that feels wonderfully private, pastoral and almost untouched by time. Inside, 4 bedrooms and 3.5 baths are complemented by a collection of warm and inviting spaces rich with period character. Thoughtfully expanded over the years, the home beautifully bridges its history with modern living. A more recent kitchen addition creates a light-filled heart of the home, with soaring cathedral ceilings and expansive views across the backyard and picturesque grounds. Multiple living and entertaining spaces offer flexibility while retaining the warmth and authenticity that make an antique home so special. Outside, more than five acres of open lawn, mature landscape, stone walls and the classic barn create an idyllic setting for entertaining, gardening, recreation or simply enjoying the remarkable peace and privacy. A whole-house generator provides added peace of mind, and at the buyer’s request, the sellers may install a new Title V septic system. Located along one of the South Shore’s most scenic country roads, moments from Norwell Center, top-rated schools and commuter routes, 378 River Street represents an increasingly rare opportunity: extraordinary land, enduring history and an incomparable sense of place. A property like this may come along only once in a lifetime. Showings begin Thursday 9/2
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 3,805 sq ft principal dwelling). Lot size: 235,224 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
Oven • Dishwasher • Range • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s) • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First24 x 18
Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Chair Rail, Recessed Lighting, Window Seat
Dining Room
Lvl Main,First22 x 13
Closet/Cabinets - Custom Built, Flooring - Wood, Window(s) - Picture, French Doors, Chair Rail, Lighting - Overhead
Kitchen
Lvl Main,First17 x 14
Skylight, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Pantry, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Deck - Exterior, Exterior Access, Recessed Lighting
Family Room
Lvl First24 x 16
Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet
Master Bedroom
Lvl Second24 x 15
Bathroom - Full, Flooring - Wood, Window(s) - Picture
Bedroom 2
Lvl First19 x 12
Bedroom 3
Lvl Second17 x 9
Flooring - Wood, Closet - Double
Bedroom 4
Lvl Second24 x 10
Flooring - Wood
Bathroom 1
Lvl First8 x 3
Bathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl First9 x 8
Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower
Bathroom 3
Lvl Second8 x 7
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Vinyl, Wainscoting, Lighting - Sconce
Listing Agent: Poppy Troupe
Listing Office: Coldwell Banker Realty - Norwell - Hanover Regional Office
MLS® Number: 73571272
