Renovated Two-Unit Residential
285 Broad Bridgewater, MA 02324
285 Broad, Bridgewater, MA, 02324
$650,000
For Sale
$650,000
Recently renovated two-family home with two separate bedroom units and delivery vacant at closing.
Property Size1,848 SF
Lot Size0.52 Acres
Price / SF$351.73
Days on Market15
Property Features for 285 Broad
General Information
- Standard status
- Active
- Size
- 1,848 SF
- Lot size
- 0.52 Acres
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
eXp Realty LLC
(339) 201-1932
Listed by
Kimberly Dalton
(339) 201-1932
Source
Lockandkeyre
Added: Jul 7 Updated: Jul 20 at 11:56PM Checked: Jul 21 at 3:15AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This recently renovated two-family home is set on a spacious lot and offers two separate residential units. The first-floor unit features three bedrooms, while the second-floor unit features two bedrooms. The property will be delivered vacant at closing, providing flexibility for an owner-occupant or an investor to move in or select tenants.
Recent updates include upgraded electrical, a newer heating system, new water heaters, refinished hardwood floors, freshly painted exterior, new interior and exterior doors, a newer front porch, and a finished bonus room in the basement. An existing concrete slab on the large lot may offer options for future expansion such as a garage or an ADU, subject to local approvals.
The home has a proven rental history of approximately $57,000 annually.
Recent updates include upgraded electrical, a newer heating system, new water heaters, refinished hardwood floors, freshly painted exterior, new interior and exterior doors, a newer front porch, and a finished bonus room in the basement. An existing concrete slab on the large lot may offer options for future expansion such as a garage or an ADU, subject to local approvals.
The home has a proven rental history of approximately $57,000 annually.
Key Highlights
- Recently renovated two‑family home on a 0.52‑acre lot, delivered vacant at closing for owner‑occupants or investors
- 3‑bedroom first‑floor unit plus a 2‑bedroom second‑floor unit
- Updates include upgraded electrical, newer heating system, and new water heaters
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 | $47.1k | $25.50 |
| − Vacancy | −$2.5k | −$1.36 |
| EGI | $44.6k | $24.14 |
| − OpEx | −$13.4k | −$7.24 |
| NOI | $31.2k | $16.90 |
1,848 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$446.2K
$390.4K – $520.5K
NOI $31,232 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$411.2K
$359.8K – $479.7K
NOI $28,784 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.09M
$957.3K – $1.28M
NOI $76,581 @ 7.0% cap · market cap 11.78%
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 - Recently renovated two-family home with two separate bedroom units and delivery vacant at closing.
Where is this duplex located?
The property is located at 285 Broad Bridgewater, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Recently renovated two‑family home on a 0.52‑acre lot, delivered vacant at closing for owner‑occupants or investors; 3‑bedroom first‑floor unit plus a 2‑bedroom second‑floor unit; Updates include upgraded electrical, newer heating system, and new water heaters
