August 8, 2024 – Spencer Smith of Horvath & Tremblay has successfully completed the sale of a 7-unit Multi-Family property in Walpole, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,850,000.
284-300 Main Street is a multi-family building in Walpole, Massachusetts. The three-story building contains seven (7) residential units comprised of four (4), 2-Bedroom/1-Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 5,632 square feet of living area in 10,880 square feet of total area on a 0.36-acre parcel of land with ample off-street parking available to tenants. The Property is separately metered for electricity and gas-fired heat and hot water which the tenants pay directly. The Landlord is responsible for common electric, and domestic water and sewer. The building also offers significant upside through the build-out of the third floor. Currently vacant and stripped to the floorboards and rafters, the third floor offers the opportunity to add additional residential units. 284-300 Main Street is located in a quiet tree-lined residential neighborhood in Walpole, Massachusetts. The Property is 1.5-miles from the center of Walpole and 2.5-miles from the center of Norwood and enjoys convenient access to the area’s restaurants, retailers, businesses, schools, and numerous parks and recreation areas. Additionally, the Property is 2.5-miles from US Route 1 and 3-miles from Interstate 95. The Property also offers convenient access to the MBTA’s Franklin/Foxboro Line, with direct service to Boston.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.