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26 Water St, Assonet, MA, 02702

4beds
2baths
2,688sqft
$699,900
$260price/sqft
$4,881/moest. monthly cost
$195,240/yrincome needed

About This Home

Rare Multi-Family Opportunity with Water Views in Historic Assonet! Don't miss this exceptional opportunity to own a rare multi-family property in one of Assonet's most desirable waterfront neighborhoods. Ideally located directly across from Hathaway Park and the public boat ramp, this unique property offers beautiful water views and immediate access to the Assonet River, making it perfect for boating, fishing, kayaking, paddleboarding, or simply enjoying the peaceful surroundings. Whether you're searching for an investment property, an owner-occupied home with rental income, or a flexible option for multi-generational living, this property offers endless possibilities. While the home could benefit from updates and your personal vision, it presents an outstanding opportunity to build equity and maximize value in a highly sought-after location. The spacious layout provides flexibility for today's living needs and may offer potential for an Accessory Dwelling Unit (ADU), subject to local approvals and buyer due diligence. Commuters will appreciate the convenience of being just five minutes from the MBTA Commuter Rail, providing easy access to Boston while enjoying the charm and slower pace of historic Assonet. Nearby you'll find local restaurants, parks, walking trails, marinas, and all that the South Coast has to offer, with Routes 24, 140, and 195 providing convenient highway access. Opportunities to own a multi-family property in this location are few and far between, making this an excellent choice for investors looking to expand their portfolio, buyers seeking rental income to offset housing costs, or those planning for extended family living. Bring your ideas, renovate to your taste, and unlock the full potential of this unique property in a picturesque waterfront setting. With scenic views, an unbeatable location, commuter convenience, and tremendous upside potential, this is a rare chance to invest in one of Assonet's hidden gems. Schedule your showing today and imagine the possibilities this special property has to offer.

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

8/10
7/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone,Granite,Irregular
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 Family - 2 Units Up/Down

Interior

Appliances

  • Appliances included: Range,Dishwasher,Microwave,Refrigerator
  • Laundry features: Washer & Dryer Hookup,Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Partial,Bulkhead,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bathroom With Tub & Shower,Floored Attic,Storage,Living Room,Kitchen,Family Room,Laundry Room
  • Flooring: Tile,Vinyl,Carpet
  • Finished area above ground: 2,688

Heating

  • Heating features: Oil,Electric

Interior Area

  • Total structure area: 2,688
  • Total interior livable area: 2,688 sqft

Property

Accessibility

  • Accessibility features: Accessible Entrance

Details

  • Parcel number: M:211 P:212,2851402
  • Zoning: VR

Features

  • Patio & porch: Porch,Deck - Wood,Covered
  • Exterior features: Balcony/Deck,Rain Gutters
  • Has view: Yes
  • View description: Water,Public Water View,River
  • Has water view: Yes
  • Water view: Public,River,Water

Lot

  • Lot size: 0.45 Acres
  • Features: Level

Parking

  • Total spaces: 8
  • Parking features: Paved Drive,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 8

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Inland Flooding
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Flood
Hurricane
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,539$42,468
Home Insurance *$252$3,024
Property Taxes $560$6,720
Electricity $530$6,360
Total$4,881$58,572
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$167,348/yr
40% on housing$146,430/yr
45% on housing$130,160/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.0%
7.0%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$260This listing

vs Other Active Listings

Avg $/sqft

ZIP 02702$323
Bristol County$275

vs Homes Sold Last Month

Median $/sqft

ZIP 02702$298
Bristol County$339

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-05Price change$674,900
2026-07-22Listed for sale$699,900
2003-08-08Sold$212,000

For Sale by Agent

AgentJeffrey Begin
BrokerageLands End Realty, Inc.

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