
44 Blueberry Lane Pembroke — Photo 1 of 32
$350,000
Investment Analysis — 44 Blueberry Lane
Pembroke, MA 02359
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02359 carries an estimated $2,940/mo in gross rent — about a 6.47% cap rate and $22,656/yr in estimated NOI at the $350,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
880
Style
Single Family
Built
1940
Are you looking for a place to build your dream home on the water? Check out this prime waterfront opportunity on desirable Stetson Pond! The lot is prepped and the trees have been removed at 44 Blueberry Lane offering the perfect canvas for your dream home. The existing structure has been fully gutted, with all blown-in insulation removed, and the garage has already been demolished. A 12 by 24 foot concrete slab remains, ready for a new garage installation. This gives the next owner a clean slate to build exactly what they envision or to rehab the existing home. Key approvals are already in place: a demolition permit for the house and seawall/bulkhead, plus a Notice of Intent filed with the Conservation Commission for wetlands. Draftsman plans by a professional are included with the sale, along with all supporting documentation. Now you can move forward with the current design, modify it, or create something entirely new. Enjoy direct access to fully recreational Stetson Pond with your own private dock, a beautiful sandy beach, and crystal-clean water. The property backs up to over 120 acres of preserved land featuring walking trails, kayaking, biking, hiking, and abundant wildlife. A passing two-bedroom septic system is already in place. Whether you're looking to rehab, rebuild, or develop this rare waterfront site, this is a turnkey investment with tremendous upside in a peaceful, recreation-rich setting. Create your own legacy property on Stetson Pond.
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: 440 sq ft (the lesser of 900 sq ft or half the 880 sq ft principal dwelling). Lot size: 6,952 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • None
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondListing Agent: Shawn Moloney
Listing Office: Movementum Realty, LLC
MLS® Number: 73568528
