$2,020,000
$2,000,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
11 Baths
6,248 SqFt
SOLD DATE : 10/08/2025
Key Details
Sold Price $2,020,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 6,248 sqft
Price per Sqft $323
MLS Listing ID 73405071
Sold Date 10/08/25
Bedrooms 12
Full Baths 11
Year Built 1860
Annual Tax Amount $14,535
Tax Year 2025
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
338 Summer Street consists of a three-story building, containing eleven (11) residential units comprised of two (2), 2-Bedroom/1 Bathroom units, seven (7), 1-Bedroom/1-Bathroom units, and two (2), Studio units with 6,248 square feet of living area in 10,722 total gross square feet. The Property is situated on a 1.00-acre parcel of land and features twenty (20) on-site parking spaces. The well-maintained property features upgrades to the common areas, including new carpet, paint, lighting and coin-operated washer and dryer machines. Additionally, seven (7) of the units have been renovated, including new kitchens, bathrooms, flooring, and paint. Current rents are below market rates and offer the opportunity to increase rents to market rates via lease renewals and programmatic updates to the unrenovated units. 338 Summer Street offers the opportunity to acquire a transit-oriented, well-maintained asset, that is poised for income growth.
Location
State MA
County Norfolk
Zoning SF3
Direction Please use GPS
Interior
Appliance Washer, Dryer
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University
Roof Type Shingle
Total Parking Spaces 20
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Stone
Sewer Public Sewer
Water Private
Others
Senior Community false
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