NOT LISTED FOR SALE

192 Main St Medway, MA 02053

12 Beds
6.5 Baths
7,061 Sq Ft
0.97 Acres

Last Sold March 26, 2024

Last sale price $1,150,000 $163 Per Sq Ft

6 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Living Room
  • John D. McGovern Elementary School Rated A-
  • Jogging Path
  • Park

About This Home

As of March 2024

Great investment opportunity with this hard-to-find six-unit residential property nestled in the heart of Medway. Each unit sits vacant, presenting the new owner with an opportunity to unlock its full potential and attain market-level rents. Cosmetic enhancements to select units promise a swift turnaround and immediate income generation. With separate utilities for each unit, along with four units equipped with natural gas heating and hot water and one unit featuring a recently installed heat pump. Some replacement windows, town water and sewer. Situated on a generous-sized lot with a detached two-car garage with a separate electric meter and ample off-street parking to service the tenants, The property is being sold "As is," but will be well worth the effort once the cash rolls in.

Last Agent to Sell the Property

David Restic

Property Services Network Listed on: 01/31/2024

Last Buyer's Agent

Sam Takla

Coldwell Banker Realty - Framingham

Coldwell Banker Realty - Framingham

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,011

Year Built

  • Built in 1825

Lot Details

  • 0.97 Acre Lot
  • Near Conservation Area
  • Corner Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 7,061 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number M:47 B:070,3163489

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $7,693
  • Operating Expense $7,693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,011

Year Built

Built in 1825

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1825
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Unknown/Mixed
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 7

Interior Features

  • Flooring: Wood, Tile, Vinyl, Carpet
  • Interior Amenities: Living Room, Kitchen, Laundry Room, Family Room, Dining Room
  • Fireplace YN: No
  • Appliances: Range
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 7
  • Total Bathrooms: 6.5
  • Basement: Full, Unfinished
  • Living Area: 7061
  • Spa YN: No
  • Stories Total: 7
  • MAIN LO: BB5569
  • LIST PRICE PER Sq Ft: 123.92
  • PRICE PER Sq Ft: 162.87
  • MAIN SO: AN6181

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Heating: Natural Gas, Forced Air, Heat Pump
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Electric, Tank

Condo/Co-op/Association

  • Community Features: Shopping, Park, Walk/Jog Trails, Bike Path, Conservation Area
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:47 B:070,3163489
  • Zoning: ARII
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.97
  • Lot Size Area: 0.97
  • Lot Size Sq Ft: 42210
  • Lot Size Units: Acres
  • PAGE: 352
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11011
  • Tax Book Number: 24511

Multi Family

  • Insurance Expense: 7693
  • Number Of Units Total: 6
  • Operating Expense: 7693
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2024 03/26/24 Sold $1,150,000 +31.4% $163 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
01/31/2024 01/31/24 For Sale $875,000 -- $124 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Restic

    Seller's Agent in 2024

    David Restic

    Property Services Network

    (508) 473-0762

    2 in this area

    81 Total Sales

    David Restic
    Section Image
  • Sam Takla

    Buyer's Agent in 2024

    Sam Takla

    Coldwell Banker Realty - Framingham

    (978) 810-5348

    5 in this area

    82 Total Sales

    Sam Takla
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73197872

MLS Property Information Network (MLS PIN)
Massachusetts Norfolk County Medway 02053

192 Main St, Medway, MA

This home is located at 192 Main St, Medway, MA 02053 since 31 January 2024. This property was built in 1825. 192 Main St is a home located in Norfolk County with nearby schools including John D. McGovern Elementary School, Burke-Memorial Elementary, and Medway Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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