238 Main Street

Douglas, MA 01516

$600,000
Last Sold Price
11
Beds
6
Baths
4,436 Sq. Ft.
$135 / Sq. Ft.
4,436
Sq. Ft.
$135
per Sq. Ft.

Description

Your chance to own one of a few multifamily in Douglas with one of the largest lot for a multi family. This fully rented 6 family building is available for sale for the first time in 2 decades. This property sits on a 1.5 Acres lot with potential to develop the lot. The average tenant in this building has rented for 4.5 years. The property has all replacement windows, unit one was completed redone by current owners, all newer hot water tanks, all appliances convey with the property, centrally located...Your chance to own one of a few multifamily in Douglas with one of the largest lot for a multi family. This fully rented 6 family building is available for sale for the first time in 2 decades. This property sits on a 1.5 Acres lot with potential to develop the lot. The average tenant in this building has rented for 4.5 years. The property has all replacement windows, unit one was completed redone by current owners, all newer hot water tanks, all appliances convey with the property, centrally located with easy highway access. Long term tenants paying below market rate. Coin operated washer and dryer for extra income.
  1. Listed by Olotu J. Wariebi • Property Investors & Advisors, LLC

Property Details for 238 Main Street

Town
Douglas
Area
MA-Douglas
Garage Spaces
0
Parking Spaces
20.00
Parking Spaces Total
20

Location

Listing Courtesy of Property Investors & Advisors, LLC, Olotu J. Wariebi

Sold By Property Investors & Advisors, LLC, Brian Allen

Add your commute
LISTING UPDATED: 08/06/2022 07:53 AM

Property Details for 238 Main Street

StatusSold
MLS #72944389
Days on Market1
Taxes$6,454 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1847
CountyWorcester County

Location

Listing Courtesy of Property Investors & Advisors, LLC, Olotu J. Wariebi

Sold By Property Investors & Advisors, LLC, Brian Allen

Add your commute

Building Information for 238 Main Street

Stories8Residences6Year Built1847Building Size-Lot Size1.50 AC / 65,340 SF

Payment Calculator

$3,812 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$538

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 238 Main Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access, House of Worship, Public School
  • Current Financing: Conventional
  • Living Area: 4436.0
  • Color: Blue
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
  • Basement Features: Finished, Unfinished Basement
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • DoorFeatures: Insulated Doors
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Tile, Carpet, Hardwood
  • Window Features: Insulated Windows
Exterior Features
  • Exterior Features: Porch
  • Lot Description: Wooded, Level
  • Patio And Porch Features: Porch
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers, 100 Amp Service
  • Sewage District: Dougl
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:0163 B:0000076 L:,1492553
  • Assessments: $395,000
  • Block: 76
  • Book: 34185
  • Lot: 0
  • Map: 0163
  • Tax Year: 2022
  • Zoning: VR
Building / Association Information
Living Characteristics
  • Beds Total: 11
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Block, Granite
  • Cooling Units: 1
  • Cooling Zones: 1
  • Heat Units: 6
  • Heat Zones: 6
Income / Expenses
  • Electricity: $1,553.00
  • Annual Expenses Source: Owner
  • GOI: $57,960.00
  • Gross Scheduled Income: $328.00
  • Insurance: $3,596.00
  • GRE: $14,902
  • HTE: $0
  • MGF: $0
  • MSE: $0
  • RFS: $970
  • RME: $2,000
  • NOI: $43,058.00
  • Operating Expense: $14,902.00
  • WSE: $3,872.00
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: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,830.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Selling Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 238 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 238 Main Street

Taxable ValueLand$105,300Additions$444,000Total$549,300
Tax Record2024$7,427 ($619 / month)
Home Facts
Baths6Total Finished SqFt4,436 SqFtAbove Grade Finished SqFt4,436 SqFtUnfinished Basement SqFt1,340 SqFtStories3Lot Size65,340 SqFtStyleMulti-Family Res (5+ Units)Year Built1847ZoningVRCountyWORCESTERAPNDOUG M:0163 B:0000076 L:

Schools near 238 Main Street

This home is within Douglas School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 6 to 8
Public - 9 to 12
Public - 2 to 5
Rating
School
Distance
Douglas Primary School
PublicPK to 1

Douglas Middle School
Public6 to 8

Douglas High School
Public9 to 12

Douglas Elementary School
Public2 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Property Investors & Advisors, LLC, Olotu J. Wariebi

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.