S
Seller's Agent in 2024
Spencer Smith
Horvath & Tremblay
(781) 776-4000
1 in this area
5 Total Sales
284-300 Main St Walpole, MA 02081
11
Beds
7
Baths
5,632
Sq Ft
0.25
Acres
Highlights
- Property is near public transit
- Corner Lot
- Central Air
- Fisher School Rated A
- Living Room
- Dining Room
About This Home
As of August 2024284-300 Main Street in Walpole, Massachusetts.The three-story building contains seven (7) residential units comprised of four (4), 2-Bedroom/1Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 5,632 square feet of living area in 10,880 square feet of total area on a 0.36-acre parcel of land. In-place rents are significantly below the current market rent for comparable units in the market, offering the Buyer the potential to raise rents and increase current revenue.The building also offers significant upside through the build-out of the third floor. Currently vacant and stripped to the floorboards and rafters, the third floor offers the opportunity to add additional residential units. There are plans in place to add additional units: up to four (4)1-Bedroom/1-Bathroom units or two (2), 2-Bedroom/1-Bathroom units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,682
Year Built
- Built in 1965
Lot Details
- 0.25 Acre Lot
- Corner Lot
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 5,632 Sq Ft Home
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
- Microwave
Bedrooms and Bathrooms
- 11 Bedrooms
- 7 Full Bathrooms
Parking
- 30 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
Utilities
- Central Air
- Heating System Uses Natural Gas
- Private Sewer
Listing and Financial Details
- Total Actual Rent $9,736
- Rent includes unit 1(water hot water), unit 2(water hot water), unit 3(water hot water), unit 4(water hot water)
- Tax Lot 10880
- Assessor Parcel Number 246111
Community Details
Overview
- 7 Units
- 6-Story Property
Building Details
- Electric Expense $500
- Insurance Expense $4,430
- Water Sewer Expense $3,000
- Operating Expense $14,380
- Net Operating Income $81,378
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2024 08/08/24 | Sold | $1,850,000 | -19.6% | $328 / Sq Ft |
| 06/27/2024 06/27/24 | Pending | -- | -- | -- |
| 06/06/2024 06/06/24 | For Sale | $2,300,000 | -- | $408 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Spencer Smith
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73248268
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