118 Main St Norfolk, MA 02056
Estimated payment $5,390/month
Highlights
- Barn or Stable
- 4-minute walk to Norfolk
- Deck
- Freeman-Kennedy School Rated A-
- Medical Services
- Property is near public transit and schools
About This Home
TWO-FAMILY investment opportunity! ATTN: Investors, owner-occupants & 1031 exchange candidates. Centrally located in Norfolk's business district, this income-producing property offers strong rental appeal, commuter convenience and high visibility. Each unit features 3 bedrms, basement storage, laundry hook-ups & off-street parking. The expansive backyard provides privacy and Unit 1 includes an unfinished walk-up attic - ideal for storage. One unit is currently rented; the other unit is vacant. A classic New England detached barn adds character and potential for storage, workshop or business use—though it requires substantial repair—buyers & their agents to verify condition & allowable uses. Natural gas and town water and minutes to commuter rail station to Boston. A rare opportunity to own a property w/ cash-flow potential & future possibilities. Property being sold as-is. Roof just recently replaced. Buyers & their agents to perform all due diligence & confirm zoning & permitted use.
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
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
Unfinished Basement
- Interior Basement Entry
- Sump Pump
Parking
- 6 Open Parking Spaces
- 6 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Bulkhead
- Deck
- Enclosed Patio or Porch
- Rain Gutters
Schools
- Hod/Freeman Elementary School
- King Philip Middle School
- King Philip High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Private Sewer
Additional Features
- Property is near public transit and schools
- Barn or Stable
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 $60,125
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 |
|---|---|---|---|---|
| 04/16/2026 04/16/26 | For Sale | $865,000 | 0.0% | $335 / Sq Ft |
| 03/27/2026 03/27/26 | Pending | -- | -- | -- |
| 03/19/2026 03/19/26 | For Sale | $865,000 | -- | $335 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $275,000 | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73488835
APN: NORF-000014-000056-000004
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Ask me questions while you tour the home.