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    118 Main St Norfolk, MA 02056

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    For Sale
    $849,900

    Two-family home in Norfolk's business district with rental income potential.

    Lot size:
    1.50 Acres

    Property Features for 118 Main St

    General Information

    Lot size
    1.50 Acres

    Building Details

    Year built
    1850

    Source: Berkshire Hathaway HomeServices Page Realty Agent Stephen Haskell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Norfolk Two-Family Home

    Located in the center of Norfolk and within its business district, this two-family home offers rental income potential and commuter convenience. Each unit features 3 bedrooms, basement storage, laundry hook-ups, and off-street parking. The property includes an expansive backyard. Unit 1 also has an unfinished walk-up attic. The property's location provides proximity to the commuter rail to Boston, elementary schools, and the library. The property provides flexibility for owner-occupants, investors, or those exploring rental properties. A large, detached barn is in need of repair. The property has natural gas and town water. Buyers are responsible for conducting all due diligence with regards to zoning and allowable uses.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.3229231
    Latitude
    42.1201206

    Nearby Similar for Sale

    • $1,025,000
      7,000 SF

      Main Street Commercial Property

      Versatile commercial property in Norfolk's Business District.
      124 Main St, Norfolk, MA 02056
      View Details
    • $595,000
      2,216 SF

      Norfolk Office Space For Sale

      Office property with 2,216 square feet of space.
      5 Sharon Ave, Norfolk, MA 02056
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home in Norfolk's business district with rental income potential.
    Where is this duplex located?
    The property is located at 118 Main St Norfolk, MA.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: - Excellent Rental Income Potential: Ideal for investors or owner-occupants.; - Prime Commuter Location: Convenient access to commuter rail, Boston, and local amenities.; - Two Spacious Units: Each unit features 3 bedrooms.
    (781) 603-6593
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 Main St Norfolk, MA 02056
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