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    29 Ramshorn Rd Charlton, MA 01507

    For Sale
    $2,225,000

    15-unit multifamily property in Charlton, MA with recent upgrades.

    Lot size:
    9.00 Acres

    Property Features for 29 Ramshorn Rd

    General Information

    Lot size
    9.00 Acres

    Building Details

    Year built
    1980

    Source: ERA Key Realty Services - Worcester Agent Christine Reilly

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

    Overview

    Charlton Multifamily Investment Opportunity

    This investment opportunity in Charlton features three residential buildings with a total of 15 fully rented two-bedroom units, situated on 9 acres. The properties, constructed in 1980, 1981, and 1985, have undergone over $300,000 in recent upgrades, including new septic systems, roofs, and electrical work. The property is located in a quiet residential area with convenient access to Route 20, the Mass Pike, Route 84, the new Amazon facility, schools, and shopping. The property has a strong rental history with long-term tenants.
    Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Building Supply Clothing Store Department Store Grocery Store Food Market Cafe & Coffee Shop Electrical Service Plumbing Service Tailor Shop Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlton
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9486339
    Latitude
    42.1030969

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    FAQs

    What type of property is this?
    Apartment building - 15-unit multifamily property in Charlton, MA with recent upgrades.
    Where is this apartment building located?
    The property is located at 29 Ramshorn Rd Charlton, MA.
    What is the asking price?
    The asking price for this property is $2,225,000.
    What are key features of this property?
    This property features: - Fifteen fully rented two-bedroom units across three buildings on 9 acres; - Over $300K in recent upgrades including new septic systems, roofs, and electrical; - Strong rental history with long-term tenants
    (508) 615-1526
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    29 Ramshorn Rd Charlton, MA 01507
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    Charlton, MA 01507
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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
    29 Ramshorn Rd Charlton, MA 01507
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