Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    24 Mechanic St Foxborough, MA 02035

    For Sale
    $979,000

    Updated four-family property near downtown Foxboro with strong cash flow.

    Lot size:
    0.25 Acres

    Property Features for 24 Mechanic St

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1900

    Source: The Agency Boston Agent Adam Stivaletta

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

    Overview

    Turnkey Four-Family Investment Property

    This turnkey four-family property is located just outside of downtown Foxboro. It features updated units with both common and private entrances, as well as a large off-street parking area and yard space. A newer roof was installed in 2017, and the property has mostly vinyl windows. The electrical system is 200 amp with new panels installed in 2017. The property is being delivered with a brand new septic system. There is a strong tenant history with very low turnover. The current net cash flow is $50,787 after all expenses, but is projected to be $64,846 after rent adjustments. All tenants are currently tenant at will, making it suitable for immediate rent adjustments and owner occupancy. Snow removal, landscaping, gas (heat & hot water), trash removal, water, and sewer are included in the rent. Tenants pay their own electric.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Foxborough
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.247373
    Latitude
    42.0667947

    Nearby Similar for Sale

    • $795,000

      Charming Foxboro Two-Family Home

      Well-maintained two-family home with rental income potential.
      12 Community Way, Foxboro, MA 02035
      View Details
    • $300,000

      Second Level Office Condominium

      Office condominium with private offices and open area.
      132 Central 213, Foxborough, MA 02035
      View Details

    FAQs

    What type of property is this?
    Quadplex - Updated four-family property near downtown Foxboro with strong cash flow.
    Where is this quadplex located?
    The property is located at 24 Mechanic St Foxborough, MA.
    What is the asking price?
    The asking price for this property is $979,000.
    What are key features of this property?
    This property features: - Excellent cash flow: Currently $50,787 net, with potential to increase to $64,846 after rent adjustments.; - Turnkey 4-family property in a prime location near downtown Foxboro.; - Brand new septic system and newer roof (2017).
    (781) 844-2149
    Request Owner's contact information
    24 Mechanic St Foxborough, MA 02035
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24 Mechanic St
    Foxborough, MA 02035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    24 Mechanic St Foxborough, MA 02035
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.