Residential Income Property with Hardwood
328 Village St, Medway, MA 02053
For Sale
$695,900
The kitchen features quartz surfaces, stainless steel appliances, and ample cabinetry.
Property Size2,408 SF
Price / SF$288
Days on Market152
Property Features for 328 Village St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
Central Air
1 Fireplace
Forced Air, Natural Gas
3.0 Stories
$10,192 Taxes
Public
Built in 2023
Building Details
Year Built
Listing Agency:
Berkshire Hathaway Home Services Commonwealth Real Estate
(508) 533-5122
Listed By:
Faina Shapiro
Source:
Donahuere
Added: Jun 12
Changed: Nov 8
Last Checked: Nov 8 at 2:10AM
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 Berkshire Hathaway Home Services Commonwealth Real Estate
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Investment Insights
Based on property information with market context.
At 328 Village Street, this three-bedroom, 2.5-bath condex offers 2,408 square feet arranged around an open living, dining, and kitchen area. Pre-finished hardwood flooring runs throughout. The kitchen is equipped with quartz countertops, stainless steel appliances, and extensive cabinetry. The property was built in either 2022 or 2023, so the construction year is not stated here.
There are no HOA fees. The only shared cost identified is an annual master insurance bill.
There are no HOA fees. The only shared cost identified is an annual master insurance bill.
Key Highlights
- Three bedrooms and 2.5 bathrooms
- 2,408 square feet of living space
- Quartz countertops, stainless steel appliances, and abundant cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,800
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,000
$796.0K
Cap Rate 7%
$568,571
$568.6K
Cap Rate 9%
$442,222
$442.2K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$76.6K $31.80/SF
− Vacancy
−$4.2K −$1.75/SF
EGI
$72.4K $30.05/SF
− OpEx
−$32.6K −$13.52/SF
NOI
$39.8K $16.53/SF
Area
Norfolk County, MA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,000
Cap Rate 7%
$568,571
Cap Rate 9%
$442,222
Alternative Uses
Best Use
Apartment 5plus
$568.6K
$497.5K – $663.3K
NOI $39,800 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,787 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
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Business Placement
Demographics for 02053, MA
13,115
Population
4,601
Households
2.9
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
11.5 sq mi
ZIP Area
1,140
Density / Sq Mi
$174,357
Median Household Income
$78,321
Median Earnings
$1,570
Median Rent
$588,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Norfolk County, MA
Properties on Market for Residential income properties in Norfolk County
Frequently Asked Questions
What type of property is this?
Residential income property - The kitchen features quartz surfaces, stainless steel appliances, and ample cabinetry.
Where is this residential income property located?
The property is located at 328 Village St Medway, MA.
What is the asking price?
The asking price for this property is $695,900.
What are key features of this property?
This property features: Three bedrooms and 2.5 bathrooms; 2,408 square feet of living space; Quartz countertops, stainless steel appliances, and abundant cabinetry
