42 7 Mile River Dr Attleboro — Photo 1 of 34
$479,900
Investment Analysis — 42 7 Mile River Dr
Attleboro, MA 02703
Based on HUD Small Area Fair Market Rent for Providence-Fall River, RI-MA HUD Metro FMR Area, a 4-bedroom in 02703 carries an estimated $2,840/mo in gross rent — about a 4.38% cap rate and $21,021/yr in estimated NOI at the $479,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1
SqFt
1,202
Style
Single Family
Built
1949
This charming 4 bedroom, 1 bathroom Cape style home has been recently update and is located in a charming neighborhood setting. First floor features hardwood flooring, a wood burning fireplace in the living room, and stainless steel appliances and updated cabinets in the kitchen. The first 2 bedrooms are located on the first floor. Second floor has 2 more ample sized bedrooms with electric heat. First floor is forced hot air heat with central air as well. Mechanical upgrades include the heating system replaced in 2016, septic system was installed in 2018, and central air was added in 2022 to the first floor. Large partially finished basement could be completed to add even more space to this beautiful home. The sprawling backyard has both a shed and detached 1 car garage with electronic door opener. Perfect home for anyone downsizing or a first time home buyer!
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: 601 sq ft (the lesser of 900 sq ft or half the 1,202 sq ft principal dwelling). Lot size: 26,534 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.
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Listing Agent: Koury Signoriello Realtor Group
Listing Office: New World Realty
MLS® Number: 73574217
