17 W Cedar Rd Norfolk — Photo 1 of 32
$399,900
Investment Analysis — 17 W Cedar Rd
Norfolk, MA 02056
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02056 carries an estimated $2,160/mo in gross rent — about a 3.84% cap rate and $15,352/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1.5
SqFt
1,200
Style
Single Family
Built
1900
Mirror Lake Neighborhood! Major potential awaits with this diamond in the rough featuring not one, but TWO lots! The home sits on a lot fronting W Cedar St, with the second lot extending through to Mirror Lake Ave, offering a unique opportunity for future possibilities. Bring this property back to life and explore the potential for an additional ADU dwelling (buyers/buyers' agents to conduct their own due diligence regarding zoning, approvals, and permitted uses). The first floor offers a spacious living room, half bath, eat-in kitchen, and convenient laundry area with access to the backyard. Upstairs you'll find a generously sized primary bedroom, full bath, and plenty of storage. The property features a passing 2-bedroom septic system, although the home is currently being used as a 1-bedroom. Additional features include a newer roof, solar panels, updated electrical, and an updated oil tank. Property is being sold AS IS and may not qualify for all types of financing. Cash or rehab financing may be the best options. Bring your vision and unlock the potential this unique property and double lot have to offer!
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: 600 sq ft (the lesser of 900 sq ft or half the 1,200 sq ft principal dwelling). Lot size: 4,000 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl SecondListing Agent: Cindy Ferry
Listing Office: Keller Williams South Watuppa
MLS® Number: 73577248