Renovated Two-Unit Residential
260 Main St Groveland, MA 01834
New
260 Main St, Groveland, MA, 01834
$659,000
For Sale
$659,000
Renovated two-family in Groveland with separate utilities, gas heat, town water and sewer, and private decks for each unit.
Property Size2,275 SF
Price / SF$289.67
Days on Market3
Property Features for 260 Main St
General Information
- Standard status
- Active
- Size
- 2,275 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1857
Listing agency
Keller Williams Realty Evolution
(617) 699-1659
Listed by
Tracy Salvi · License #449588055
(617) 699-1659
Source
Alliancepartnersre
Added: Jul 19 Updated: Jul 20 at 1:45AM Checked: Jul 20 at 1:45AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This renovated two-family residential income property offers updated features and separate utilities for each unit. Improvements noted include newer windows and a newer roof, along with gas heat and hot water. Town water and sewer services are provided.
The layout includes private decks off each unit overlooking a landscaped yard and a park. The second-floor apartment has washer and dryer hookup and a spiral staircase leading to a finished walk-out lower level that is part of the second-floor unit, suitable for use as an office, bedroom, or playroom. The first-floor unit includes a kitchen, bedroom, and family room.
With separate living spaces and an updated configuration, the property is positioned for an owner-occupant setup while also supporting rental income from the second unit.
The layout includes private decks off each unit overlooking a landscaped yard and a park. The second-floor apartment has washer and dryer hookup and a spiral staircase leading to a finished walk-out lower level that is part of the second-floor unit, suitable for use as an office, bedroom, or playroom. The first-floor unit includes a kitchen, bedroom, and family room.
With separate living spaces and an updated configuration, the property is positioned for an owner-occupant setup while also supporting rental income from the second unit.
Key Highlights
- Renovated 2‑family home built in 1857 in Groveland, MA
- Newer windows and newer roof
- Separate utilities plus gas heat & hot water for each unit
Local Financial Insights For Multifamily LT 5
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 | $57.3k | $25.20 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $54.8k | $24.07 |
| − OpEx | −$16.4k | −$7.22 |
| NOI | $38.3k | $16.85 |
2,275 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$547.5K
$479.1K – $638.8K
NOI $38,325 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,275 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family in Groveland with separate utilities, gas heat, town water and sewer, and private decks for each unit.
Where is this duplex located?
The property is located at 260 Main St Groveland, MA.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Renovated 2‑family home built in 1857 in Groveland, MA; Newer windows and newer roof; Separate utilities plus gas heat & hot water for each unit
