Versatile Raynham Property with Income
1789 Broadway Raynham, MA 02767
For Sale
$1,650,000
LAND - Raynham, MA
Property Size3,500 SF
Lot Size5.50 Acres
Price / SF$471.43
Days on Market614
Property Features for 1789 Broadway
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- GeneralRes
- Standard status
- Active
- APN
- 2931692
- Lot size
- 5.50 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6783
Listing Agency:
Keller Williams Realty
(508) 238-5000
Listed By:
Scott Morris
(508) 238-5000
Added: Nov 19, 2024
Changed: Jun 23
Last Checked: Jul 26 at 11:06PM
MLS# 73314080
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5.5-acre property in Raynham, Massachusetts, offers a combination of residential and commercial potential. The main house features 3 bedrooms, 3 bathrooms, and 3,500 square feet of living space, along with an in-ground pool. A separate one-bedroom apartment is attached to an oversized 4-car garage, providing flexibility for guests, extended family, or rental income. The property is zoned for both Commercial and Residential use and includes barns and multiple outbuildings. Currently under 61A Agricultural use with livestock on-site, the property features 505 feet of frontage on Route 138 and has access to town sewer and water. The location is minutes from major highways. The main house is currently rented for $2,700 per month, and the apartment is rented for $1,000 per month. Both homes have separate electric and heat. The property is currently occupied, and access is restricted due to animals.
Key Highlights
- 5.5‑acre property zoned for both Commercial and Residential use, offering diverse development opportunities.
- Prime location with 505 feet of frontage on Route 138, providing excellent visibility and accessibility.
- Main house with 3 bedrooms, 3 baths, and 3,500 sq ft of living space, plus an in‑ground pool.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.4k | $32.40 |
| − Vacancy | −$7.7k | −$2.20 |
| EGI | $105.7k | $30.20 |
| − OpEx | −$47.6k | −$13.59 |
| NOI | $58.1k | $16.61 |
3,500 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$830.4K
$726.6K – $968.8K
NOI $58,129 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,201 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Farm - 5.5-acre property with residential charm and commercial possibilities.
Where is this farm located?
The property is located at 1789 Broadway Raynham, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5.5‑acre property zoned for both Commercial and Residential use, offering diverse development opportunities.; **Prime location with 505 feet of frontage on Route 138, providing excellent visibility and accessibility.**; **Main house with 3 bedrooms, 3 baths, and 3,500 sq ft of living space, plus an in‑ground pool.**
