127 Main St Bridgewater, MA 02324
Estimated payment $5,752/month
About This Home
7.87% CAP RATE!! Situated near downtown Bridgewater, this expansive 3,852+/- sf multifamily property offers a compelling investment. Comprising two 4-bed units and one 3-bed unit - this is a great income-generating property. 127 Main St. provides tenants with easy access to shopping, dining, and local amenities. 0.5 miles from Bridgewater State University, makes it an attractive residence for students and faculty. 1 mile from the Bridgewater MBTA station, facilitating seamless travel to Boston. Current rents are slightly below market value, presenting an opportunity to enhance income streams. 2 spacious attics offer the potential to add an additional unit or expand existing ones - subject to local zoning regulations. Roof was replaced approximately 3 years ago, front porch was replaced last year - reducing immediate capital expenditure.Provides plenty of off-street parking.127 Main Street stands out as a promising addition to any investment portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,927
Year Built
- Built in 1880
Lot Details
- 0.34 Acre Lot
- Gentle Sloping Lot
Home Design
- Stone Foundation
Interior Spaces
- 3,852 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 11 Bedrooms
- 3 Full Bathrooms
Parking
- 8 Car Parking Spaces
- Driveway
- Open Parking
Listing and Financial Details
- Assessor Parcel Number M:021 L:090,929536
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $181
- Insurance Expense $11,099
- Water Sewer Expense $1,217
- Operating Expense $20,424
- Net Operating Income $70,776
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 | $8,927 | $754,600 | $165,700 | $588,900 |
| 2024 | $8,137 | $670,300 | $149,000 | $521,300 |
| 2023 | $7,424 | $578,200 | $139,300 | $438,900 |
| 2022 | $6,865 | $479,400 | $122,200 | $357,200 |
| 2021 | $5,838 | $403,200 | $109,100 | $294,100 |
| 2020 | $5,147 | $349,400 | $104,900 | $244,500 |
| 2019 | $4,760 | $321,000 | $104,900 | $216,100 |
| 2018 | $17,763 | $320,800 | $113,800 | $207,000 |
| 2017 | $4,728 | $302,900 | $113,800 | $189,100 |
| 2016 | $4,609 | $296,600 | $111,600 | $185,000 |
| 2015 | $4,630 | $285,100 | $102,600 | $182,500 |
| 2014 | $4,620 | $284,300 | $99,600 | $184,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | For Sale | $899,000 | +19.9% | $233 / Sq Ft |
| 04/02/2024 04/02/24 | Sold | $750,000 | 0.0% | $195 / Sq Ft |
| 01/17/2024 01/17/24 | Pending | -- | -- | -- |
| 01/09/2024 01/09/24 | For Sale | $749,900 | -- | $195 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $141,000 | -- | |
| Deed | $141,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $712,500 | Purchase Money Mortgage | |
| Closed | $712,500 | Purchase Money Mortgage | |
| Previous Owner | $254,500 | No Value Available | |
| Previous Owner | $250,000 | No Value Available | |
| Previous Owner | $253,500 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73367062
APN: BRID-000021-000000-000090
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