Detached Multi-Family Live-Work
211 Mendon St Hopedale, MA 01747
211 Mendon St, Hopedale, MA, 01747
$949,900
For Sale
$949,900
Fully renovated main home plus 2022 second building, with an oversized heated garage/workshop and residential business zoning.
Property Size2,275 SF
Price / SF$417.54
Days on Market65
Property Features for 211 Mendon St
General Information
- Standard status
- Active
- Size
- 2,275 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1903
Listing agency
ERA Key Realty Services- Milf
(508) 277-1766
Listed by
Christine Lawrence · License #9087937
Source
Hometown-team
Added: May 19 Updated: Jul 21 at 9:17PM Checked: Jul 21 at 9:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Key Realty Services- Milf
Investment Insights
Based on property information with market context.
This detached multi-family property is set up for live-work flexibility, with two separate residential buildings and a large accessory space. The fully renovated main home includes a brand-new cabinet-packed kitchen with stainless steel appliances, three bedrooms, and 1.5 updated baths. A second building, newly constructed in 2022, provides additional living space with a modern kitchen, one bedroom, a spacious living room, a large finished rec room, ample storage, and a radiant-heated bathroom with a walk-in shower.
The oversized garage/workshop sits on an early-2000s foundation and includes radiant heat and an 11-foot door, suitable for vehicles, RVs, boats, or equipment. The property is zoned for residential business use and is described as move-in ready at 211 Mendon St in Hopedale, MA 01747.
The oversized garage/workshop sits on an early-2000s foundation and includes radiant heat and an 11-foot door, suitable for vehicles, RVs, boats, or equipment. The property is zoned for residential business use and is described as move-in ready at 211 Mendon St in Hopedale, MA 01747.
Key Highlights
- Fully renovated main home (built 1903) with 3 bedrooms and 1.5 updated baths
- Newer second building constructed in 2022 with 1 bedroom, modern kitchen, living room, large finished rec room, and ample storage
- Radiant‑heated bathroom with a walk‑in shower in the 2022 building
Local Financial Insights For Office B
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 | $68.3k | $30.00 |
| − Vacancy | −$13.0k | −$5.70 |
| EGI | $55.3k | $24.30 |
| − OpEx | −$13.8k | −$6.08 |
| NOI | $41.5k | $18.23 |
2,275 SF · lease $30.00/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$592.3K
$518.3K – $691.0K
NOI $41,462 @ 7.0% cap · market cap 4.36%
Second Best
Multifamily LT 5
$439.3K
$384.4K – $512.6K
NOI $30,753 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$776.9K
$679.8K – $906.4K
NOI $54,382 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Long Dimensions
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated main home plus 2022 second building, with an oversized heated garage/workshop and residential business zoning.
Where is this duplex located?
The property is located at 211 Mendon St Hopedale, MA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Fully renovated main home (built 1903) with 3 bedrooms and 1.5 updated baths; Newer second building constructed in 2022 with 1 bedroom, modern kitchen, living room, large finished rec room, and ample storage; Radiant‑heated bathroom with a walk‑in shower in the 2022 building
