Property profile

190 Ctr St Middleboro, MA 02346

OFF-MARKET
Investment properties
Property ID
US38-1482410
5,759 SF 0.22 ac lot Built 1890
Individually Owned 5-yr Hold
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1890
Construction FRAME
Total area 5,759 SF
Lot 0.22 ac (9,583 SF)
APN MIDD M:0050P L:6115 U:0000
UPID US38-1482410

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

190 Ctr St Middleboro, MA 02346-2275
Middleboro metro Census 542301 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$518k
Blend (final) Blend
$155k

Owner & transaction history

since 2020
Last sale
$670,000
2 recorded transactions
2020
$375,000
1988
$128,900

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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