118 Main St Norfolk, MA 02056
Estimated payment $5,314/month
Highlights
- Barn or Stable
- 4-minute walk to Norfolk
- Deck
- Freeman-Kennedy School Rated A-
- Medical Services
- Property is near public transit
About This Home
ATTN: Investors & Owner-occupants! Located in the center of Norfolk and in its business district, this spacious two-family home offers great rental income, commuter convenience & tremendous opportunity. Each unit features 3 bedrooms, basement storage, laundry hook-ups and off-street parking. The expansive backyard offers wonderful privacy. Unit 1 also has an unfinished walk-up attic. The property’s prime commuter location puts you minutes to everything from the commuter rail to Boston to the elementary schools and library. Set within the business district, this property provides unique flexibility for owner-occupants, investors or those exploring rental properties. The large, detached barn is in need of repair but offers flexibility. Buyers and their agents are responsible for conducting all due diligence with regards to zoning and allowable uses. Natural gas & town water. This is a rare opportunity to own a centrally located property with strong rental appeal and future possibilities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,020
Year Built
- Built in 1850
Lot Details
- 1.5 Acre Lot
- Corner Lot
- Wooded Lot
Home Design
- Duplex
- Stone Foundation
- Shingle Roof
Interior Spaces
- 2,580 Sq Ft Home
- Ceiling Fan
- Wood Burning Fireplace
- Window Screens
- Living Room
- Dining Room
- Home Office
- Storage
- Washer and Electric Dryer Hookup
- Unfinished Basement
- Interior Basement Entry
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 6 Car Parking Spaces
- Stone Driveway
- Off-Street Parking
Outdoor Features
- Bulkhead
- Deck
- Enclosed Patio or Porch
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Schools
- Hod/Freeman Elementary School
- King Philip Middle School
- King Philip High School
Horse Facilities and Amenities
- Barn or Stable
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Separate Meters
- Private Sewer
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water)
- Legal Lot and Block 4 / 56
- Assessor Parcel Number 151973
Community Details
Overview
- 2 Units
- Near Conservation Area
- Property has 3 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Operating Expense $10,675
- Net Operating Income $50,525
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,020 | $627,400 | $236,600 | $390,800 |
| 2024 | $8,931 | $573,600 | $249,200 | $324,400 |
| 2023 | $8,919 | $543,500 | $238,700 | $304,800 |
| 2022 | $8,441 | $463,800 | $221,900 | $241,900 |
| 2021 | $8,664 | $481,600 | $196,700 | $284,900 |
| 2020 | $8,399 | $450,600 | $188,500 | $262,100 |
| 2019 | $8,051 | $440,200 | $188,500 | $251,700 |
| 2018 | $7,468 | $401,100 | $174,400 | $226,700 |
| 2017 | $7,366 | $404,300 | $174,400 | $229,900 |
| 2016 | $7,190 | $397,700 | $170,800 | $226,900 |
| 2015 | $6,946 | $393,300 | $163,300 | $230,000 |
| 2014 | $6,908 | $396,300 | $163,300 | $233,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2025 09/26/25 | For Sale | $849,900 | -- | $329 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $275,000 | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73436360
APN: NORF-000014-000056-000004
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