190 Ctr St, Middleboro, MA 02346-2275
This exceptional mixed-use property in downtown Middleborough, MA, presents a compelling investment opportunity. Located at 190 Center St, 02346, this three-unit apartment building sits on a 0.22-acre lot and boasts a 6.00% cap rate. The property is zoned B and features a three-story building with 100% occupancy. The first floor comprises a stunning two-bedroom owner's unit complete with hardwood floors, in-unit laundry, spacious bedrooms, and abundant natural light. The second floor offers five rooms, a kitchen, and a full bathroom, presenting significant potential for expansion into a townhouse-style unit within the unfinished third floor. An attached concrete block garage building provides an ideal space for a business, capitalizing on the thriving and walkable downtown area. This multi-faceted property is ideally suited for owner-occupants, investors, and business owners alike. Its prime location, steps from local amenities and 1.6 miles from the Middleborough/Lakeville MBTA Train Station, ensures strong rental demand and future appreciation. The asking price is $699,000, with a price per unit of $233,000. This is a Class C property offering a significant value-add opportunity for the discerning investor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.