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East Douglas 01516
274 Main St
$625,000
● Commercial - Off Market

274 Main St

Douglas, MA 01516
bedrooms
Studio
bathrooms
4 Baths
$661,631
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Historic gem featuring residential and professional office space with serene courtyard for entertaining.  This property has great curb appeal!  Ample parking for business operations and residential units.  This large building boasts an impressive square footage filled with high value amenities, including lawn irrigation.  The completely remodeled residential ground unit is equipped with new appliances and in unit washer/dryer.  Recent improvements include roof, oil tanks, landscaping, paint, full insulation and windows.  Washer/dryer for other units in basement.  Possibility for additional buildable lot in rear of building but Buyer to complete due diligence.  Allowed uses include multifamily residential, restaurant, office building, commercial indoor amusement or recreational facility.
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$667
HOA Dues
-
Year Built
1800

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #73066047)

Price History

Date / Event Date Event Price
Jan 4, 2023 Withdrawn -
Withdrawn
Dec 20, 2022 Listed by Sharkey Realty $625,000
Listed by Sharkey Realty
Sep 1, 2021 Sold
Premium
Sold
Feb 29, 1996 Sold
Premium
Sold
Sep 23, 1991 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 4
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,750
  • Garage Type: 13
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,011
  • Total Building Area: 4,307
  • Gross Building Area: 7,159
  • Building Area: 4,307
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 4,307
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000459
  • Standard Land Use Code: 2044
  • County Land Use Code: 031

Neighborhood

  • School District Name: Douglas School District
  • School Tax School District: DOUGLAS SD
  • Census Tract: 752101

Zoning

  • Zoning: VB

Geography

  • Account Number: 2202-59
  • Parcel: DOUG M:0163 B:0000088 L:
  • Block: 88
  • Municipality: DOUGLAS
  • Latitude: 42.0723
  • Longitude: -71.7142

    Address

  • Full Address: 274 Main St
  • Address - House Number: 274
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Douglas
  • Zip Code: 01516

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $708,700
  • Initial Tax Delinquent Year: 2022

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,200
  • Assessed Land Value: $107,700
  • Assessed Improvements Value: $416,500

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Sep 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 123048
  • Previous Sale Recording Date: Feb 29, 1996
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Douglas

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$296

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2107 ft²

Average Home Age

29.9 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 73066047

Frequently Asked Questions

When was property at 274 Main Street built and last sold?
The property at 274 Main Street was built in 1800 and last sold on Aug 6, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 274 Main Street is $0.
What are some comparable homes to 274 Main Street?
There are currently no comparable homes to 274 Main Street.
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