614 Grove Street Norwell — Photo 1 of 28
$645,000
Investment Analysis — 614 Grove Street
Norwell, MA 02061
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02061 carries an estimated $3,510/mo in gross rent — about a 3.76% cap rate and $24,237/yr in estimated NOI at the $645,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,092
Style
Single Family
Built
1820
Prepare to be charmed by this sweet Norwell cape that’s 'just right'. Follow the brick pathways to this newly renovated 2-3 bed, 1 bath home in the heart of Norwell with efficient spaces to enjoy both inside and out. Recent updates include recessed lighting, fresh wood floors, newer kitchen with vaulted ceiling, new appliances, dining area with views to the private backyard. The first floor bedroom and bathroom are light and bright. Cottage stairs lead you up to two more charming rooms! Winding paths lead to small outbuildings but the star is the barn/garage with workshop and a gorgeous natural setting ready for your next outdoor gathering. Easy commuting location and nearby access to Wompatuck State Park. 3 bed septic installed in 2024. So much potential on this prime lot in central location.
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: 546 sq ft (the lesser of 900 sq ft or half the 1,092 sq ft principal dwelling). Lot size: 43,560 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
Range • Dishwasher • Washer • Dryer • ENERGY STAR Qualified Refrigerator • Wine Refrigerator
Neighborhood
Shopping • Walk/Jog Trails
Geography
Property History
$645,000
Aug 27, 2026
MLS® 73569372
$555,000
Oct 4, 2024
MLS® 73269165
$625,000
Jul 24, 2024
MLS® 73269165
Listing Agent: The Laurie Detwiler Team
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73569372
