Sold
Last Sold Price
5 beds3,692 sqft

505 Washington St, Canton, MA 02021

Multi FamilyProperty Type
0.11 acresLot Size
1840Year Built
$217/sq ftPrice per sq ft
4 carsParking Spaces

Description

4 FOUR UNIT MULTIFAMILY Investment property! Fully occupied units. You have got to see this property. Two 1 bedroom units, One 1 bedroom + office unit, One 2 bedroom + Office unit. Selling "as-is". Perfect renter location! Close to shopping, restaurants, laundry, medical/dental, entertainment, commuter rail, highways, and outdoor activities. Perfect for first-time Investors - Live in one unit, rent the other units. Area fair market rents: 1bd $1986+, 2bd $2399 - Great potential for 5%+ CAP rates!...4 FOUR UNIT MULTIFAMILY Investment property! Fully occupied units. You have got to see this property. Two 1 bedroom units, One 1 bedroom + office unit, One 2 bedroom + Office unit. Selling "as-is". Perfect renter location! Close to shopping, restaurants, laundry, medical/dental, entertainment, commuter rail, highways, and outdoor activities. Perfect for first-time Investors - Live in one unit, rent the other units. Area fair market rents: 1bd $1986+, 2bd $2399 - Great potential for 5%+ CAP rates! Here today, gone tomorrow... Don't wait. Group showings begin on Thursday!
  • Listed by: Barrie Naji • Coldwell Banker Realty - Canton
Listing closed: 12/29/2022 12:00 AM • Source: MLS PIN, MLS#: 73051632
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Recent comparable sales

Median sold price

$860,000

Avg days on market

54

Sale-to-list ratio

96.9%

Canton, MA

9 comparable properties found

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Location

Listing Courtesy of Coldwell Banker Realty - Canton, Barrie Naji
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$4,864 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,271

Property Taxes

$593

HOA Dues

$0

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Property Information for 505 Washington Street

Property Details

  • Taxes: $7,113 / year
  • MLS Type: Multi-family / 4 Family - 4 Units Up/Down
  • Town: Canton
  • Area: MA-Canton
  • Garage Spaces: 0
  • Parking Spaces Total: 4

Building Information

  • Stories: 6
  • Residences: 4
  • Year Built: 1840
  • Lot Size: 0.11 AC / 4,920 SF

General Details

Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Current Financing: Cash
  • Living Area: 3692.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Renovated Since
  • Year Built Source: Public Records

Features

Interior Features
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Basement Features: Interior Access, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Vinyl, Carpet, Varies Per Unit, Laminate, Hardwood
  • Interior Features: Other (See Remarks), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Kitchen, Office/Den), Unit 4 Rooms(Living Room
  • Interior Features: Other (See Remarks)
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Lot Description: Easements
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Shared Driveway, Off-Street, Common, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off-Street, Common, Paved Driveway
  • Parking Features: Off-Street, Common, Paved Driveway
Utilities
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC), Unit 4(Window AC)
  • Cooling: Yes
  • Electric: Individually Metered
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range
  • Water: Public

Property Information

Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Disclosures: Driveway easement. Selling "As-Is". Water/sewer & plowing included in rent. All renters TAW. Area fair market rents: 1bd $1986+,2bd $2399+. Potential for 5+ CAP rate.
Tax Information
  • Tax ID: M:25 P:62,52204
  • Assessments: $626,700
  • Book: 0
  • Tax Year: 2022
  • Zoning: B

Building / Association Information

Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $63,000.00
  • NOI: $63,000.00
Complex & Association Information
  • Adult Community: No

Unit Information

Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1

Rental Info

Rental Info
  • Total Actual Rent: $5,250.00

Market and Agent Information

Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 2.5

Property History for 505 Washington Street

DateEvent & SourcePriceAppreciation
Dec 29, 2022

Sold

MLS PIN #73051632

$800,000—
Oct 31, 2022

Under Agreement

MLS PIN #73051632

—
Oct 31, 2022

Contingent

MLS PIN #73051632

—
DateEvent & SourcePrice
12/29/2022

Sold

MLS PIN #73051632

$800,000
10/31/2022

Under Agreement

MLS PIN #73051632

—
10/31/2022

Contingent

MLS PIN #73051632

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

505 Washington Street

Total Finished SqFt

3,692 SqFt

Above Grade Finished SqFt

3,692 SqFt

Stories

2

Lot Size

4,920 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1840

Schools near 505 Washington Street

This home is within Canton School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Dean S. Luce Elementary School
PublicK to 5

Wm H Galvin Middle School
Public6 to 8

Canton High School
Public9 to 12

John F. Kennedy Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 505 Washington Street, Canton, MA 02021
$800,000
5
3,692
4,920
$325,000
2
896
5,900
$425,000
–
–
–
14,887
$306,000
3
1,200
5,445
$290,000
–
–
1,815
–
–
–
–
4,104
–

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty - Canton, Barrie Naji

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.