Waterfront Multifamily
217 Middleboro Road, Freetown, MA 02717
For Sale
New
$935,000
Three separate residences occupy a 0.77-acre parcel along Long Pond in Freetown.
Property Size2,130 SF
Lot Size0.75 Acres
Price / SF$438.97
Days on Market3
Property Features for 217 Middleboro Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Partial,Crawl Space,Interior Entry,Unfinished
Wood,Tile,Carpet,Varies
Yes
3
No
6
5
Insulated Windows
Public Record
Ceiling Fan(s),Bathroom with Shower Stall,Living Room,Dining Room,Kitchen,Loft
2130
Level
Public
0.77
12
50.00
Off Street,Paved
Paved
Stone
Public Maintained Road
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
The Real Estate Collaborative
Listed By:
Monica Donnelly
Source:
Realprobythewater
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 5:30PM
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 The Real Estate Collaborative
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Investment Insights
Based on property information with market context.
At 217 Middleboro Road, this multifamily property includes a 2,130-square-foot main residence with three bedrooms and one bathroom, plus two cottages, each with one bedroom. The homes were built in 1920 and sit on approximately 0.77 acres with residential zoning.
The property has direct frontage on Long Pond, described as fully recreational. Its western exposure looks across the water, and the shoreline provides access for boating, kayaking, fishing, swimming, paddleboarding and winter skating.
The property has direct frontage on Long Pond, described as fully recreational. Its western exposure looks across the water, and the shoreline provides access for boating, kayaking, fishing, swimming, paddleboarding and winter skating.
Key Highlights
- Three residences: a 3‑bedroom, 1‑bath main home and two 1‑bedroom cottages
- 2,130 square feet of building area
- Approximately 0.77‑acre parcel in Freetown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,376
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,520
$707.5K
Cap Rate 7%
$505,371
$505.4K
Cap Rate 9%
$393,067
$393.1K
Market Conditions
NOI Build-Up for 2,130 SF
Gross rent
$69.0K $32.40/SF
− Vacancy
−$4.7K −$2.20/SF
EGI
$64.3K $30.20/SF
− OpEx
−$28.9K −$13.59/SF
NOI
$35.4K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,520
Cap Rate 7%
$505,371
Cap Rate 9%
$393,067
Alternative Uses
Best Use
Apartment 5plus
$505.4K
$442.2K – $589.6K
NOI $35,376 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,799 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
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Business Placement
Demographics for 02717, MA
4,951
Population
1,734
Households
2.9
Avg Household Size
45
Median Age
33%
College-Educated
95%
High-School Grad
22.2 sq mi
ZIP Area
223
Density / Sq Mi
$143,281
Median Household Income
$54,713
Median Earnings
$2,122
Median Rent
$512,900
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Bristol County, MA
Properties on Market for Multifamily properties in Bristol County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three separate residences occupy a 0.77-acre parcel along Long Pond in Freetown.
Where is this multifamily property located?
The property is located at 217 Middleboro Road Freetown, MA.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Three residences: a 3‑bedroom, 1‑bath main home and two 1‑bedroom cottages; 2,130 square feet of building area; Approximately 0.77‑acre parcel in Freetown
