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Property profile & analytics
OFF-MARKET
Assisted living facilities

16 Pleasant St Bridgewater, MA 02324-2420

8,051 SF 1.8 ac lot Built 1882
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-0664410
Property summary
AI-generated overview

This exceptional 8,000+ square foot building situated on a sprawling 1.8-acre lot in Bridgewater, MA, presents a remarkable investment opportunity. Formerly operating as a nursing home, the property boasts two expansive floors of living space, encompassing sixteen bedrooms, offering significant potential for various uses. The first floor features a dedicated office, a stunning oversized common room with high ceilings, a captivating chandelier, a welcoming fireplace, and a fully equipped commercial kitchen. A second common room and ample storage space are also located on the first floor. The second floor mirrors the first floor's spacious layout, with additional bedrooms and common areas. A substantial third floor, approximately 1,500 square feet, provides versatile space ideal for additional bedrooms, office space, or a combination thereof. Adding to the property's charm is a delightful enclosed porch offering serene views of the lush, nearly two-acre landscape. The property's size and layout make it well-suited for a variety of commercial ventures, including, but not limited to, a sober living facility or a veteran's home. The asking price is $1,500,000. This is a rare opportunity to acquire a substantial property with significant potential in a desirable location. The property is being sold as-is.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1882
Construction FRAME
Total area 8,051 SF
Lot 1.8 ac (78,360 SF)
APN BRID M:034 L:004
UPID US38-0664410
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Pelege Marcellin · 1 yrs held
Pelege Marcellin
since 2025
Last sale
$1
2 recorded transactions
2025
$1.5M
2010
$1
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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