
66 Prospect Street Hingham — Photo 1 of 42
$875,000
Investment Analysis — 66 Prospect Street
Hingham, MA 02043 — AMAZING!
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02043 carries an estimated $2,930/mo in gross rent — about a 2.04% cap rate and $17,866/yr in estimated NOI at the $875,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,224
Style
Single Family
Built
1950
Storybook 2 bedroom Cape overflowing with charm has been well-loved by the same family since 1957! This one will make you smile. Conveniently located and nicely sited in a magical, hard to replicate, South Hingham pocket neighborhood. The generous corner lot is level, lush and a little over 1/3 acre. While compact, the efficient floor plan offers a surprisingly large kitchen with breakfast bar opening onto the dining room and a gracious front to back living room with wood burning fireplace. Oak flooring throughout. Original arched doorways are a wonderful detail you don't often see in new construction. Full shed dormer at back of the house allows two very usable front-to-back bedrooms (1 is an unexpected ensuite) with 2 full baths upstairs. While the house is a little tired and needs love, it's absolutely brimming with potential! Many meaningful updates have already been completed including: 2 bedroom septic was installed 2004 (passing Title V); replacement windows and slider 2009; architectural shingle roof 2015; boiler and hot water tank 2016; whole house water filtration 2018; stainless flue liner and chimney cap 2024; oil tank (240 gallons) 2026. Note: the ceilings that show water damage are leftover from the historic winter of 2015 and the havoc caused by ice dams which is why roof was replaced. The enclosed breezeway (mud room) with access to both the front and bucolic backyard is super handy. The splendid East-facing brick patio provides a serene setting to start your day with morning coffee or perhaps meditation while basking in the glory of your private and verdant backyard. Nice bonus: driveway is on Forest Lane. A clever 8x10 addition to the rear of the garage provides a surprising amount of convenient storage. Good idea to watch short narrated video to better understand the setting and condition of this adorable home. Showings start at OH Friday September 18th. In the event of multiple offers, a deadline will be established.
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: 612 sq ft (the lesser of 900 sq ft or half the 1,224 sq ft principal dwelling). Lot size: 14,441 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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Electric Water Heater • Water Heater • Range • Refrigerator • Washer • Dryer
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Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First11.416666666 x 23.166666666
Flooring - Hardwood, Archway
Dining Room
Lvl Main,First11.333333333 x 11.75
Closet/Cabinets - Custom Built, Flooring - Hardwood, Breakfast Bar / Nook, Chair Rail, Archway
Kitchen
Lvl Main,First11.5 x 17.416666666
Closet/Cabinets - Custom Built, Flooring - Hardwood, Pantry, Exterior Access, Recessed Lighting, Slider, Archway, Breezeway
Primary Bedroom
Lvl Second11.416666666 x 12.916666666
Bathroom - 3/4, Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second11.75 x 18.416666666
Bathroom 1
Lvl Second5.166666666 x 8.5
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second5.166666666 x 7.916666666
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Adam S. Hayes
Listing Office: Milestones Realty
MLS® Number: 73574766