Two-Building Multifamily
331 N Main St North Brookfield, MA 01535
331 N Main St, North Brookfield, MA, 01535
$499,999
For Sale
$499,999
Package includes two buildings with three finished 2-bed, 1-bath units and one unfinished unit with completion potential.
Property Size3,387 SF
Price / SF$147.62
Days on Market43
Property Features for 331 N Main St
General Information
- Standard status
- Active
- Size
- 3,387 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1826
Listing agency
Century 21 North East
(508) 450-3944
Listed by
James Laney
(508) 450-3944
Source
Lockandkeyre
Added: Jun 9 Updated: Jul 21 at 5:18AM Checked: Jul 21 at 5:18AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This for-sale multifamily package includes two separate buildings containing four units total. Three units are finished as 2-bedroom, 1-bath residences. A fourth unit is currently unfinished and may offer potential to be completed as an additional 2-bedroom, 1-bath home. Each second-floor unit includes its own private porch.
The property also features an on-site storage container that is described as negotiable, providing practical utility from day one. The grounds include blueberry bushes and several fruit trees, including a Kieffer pear tree, an Elberta peach tree, and a Santa Rosa plum tree.
Showings begin at the open house Sunday, June 14, from 11:00 to 12:30.
The property also features an on-site storage container that is described as negotiable, providing practical utility from day one. The grounds include blueberry bushes and several fruit trees, including a Kieffer pear tree, an Elberta peach tree, and a Santa Rosa plum tree.
Showings begin at the open house Sunday, June 14, from 11:00 to 12:30.
Key Highlights
- Two‑building multifamily package with 4 units total
- 3 finished 2‑bed, 1‑bath units plus 1 unfinished unit with potential to be completed as an additional 2‑bed, 1‑bath
- Each second‑floor unit includes a private porch
Local Financial Insights For Apartment 5plus
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 | $74.4k | $21.96 |
| − Vacancy | −$1.9k | −$0.57 |
| EGI | $72.4k | $21.39 |
| − OpEx | −$32.6k | −$9.63 |
| NOI | $39.8k | $11.76 |
3,387 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$569.2K
$498.1K – $664.1K
NOI $39,845 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,963 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Package includes two buildings with three finished 2-bed, 1-bath units and one unfinished unit with completion potential.
Where is this multifamily property located?
The property is located at 331 N Main St North Brookfield, MA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Two‑building multifamily package with 4 units total; 3 finished 2‑bed, 1‑bath units plus 1 unfinished unit with potential to be completed as an additional 2‑bed, 1‑bath; Each second‑floor unit includes a private porch
