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Sold on 12/15/2017
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15-17 Central St, Georgetown, MA 01833

$1,110,000

Last sold 12/15/2017 for $490K

  • 7

    bed

  • 4

    bath

  • 3,536

    Sqft ($139/Sqft)

Multi-family not for sale
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About 15-17 Central St

Property type Multi-family
Year built 1853
HOA fee $0/month
Lot size 4,750 Sqft
Movoto estimate
Property description
Rarely available 4 unit building right in the heart of downtown Georgetown. CURRENT rents below market w/ long term tenants at $42,780. CURRENT Operating Expenses including Taxes are just under $15,000. PROJECTED RENT ROLL OVER $50,000. Great buy & hold investment opportunity. Roof was replaced in 2010. All newer electric. Separate electric meters, separate hot water. All hot water heaters are new; new septic system in 2009. Units 1 and 4 have lead certificates.; Don’t miss out on this opportunity in downtown Georgetown, conveniently located with easy access to major routes, dining, shopping, transportation and schools. All units are occupied w/ tenants varying in longevity from 15 years - 1 Year. Owners reserve the right to accept or deny any and all offers. Buyer to allow seller time to find a suitable property for 1031 exchange. Property can be bought together as a package deal w/ 89 West Main Street (MLS #72236782) -
Listed by
Listing Agent - Stephen Martin
Listing Office - Wellsco, LLC
Source: MLS Property Information Network, Inc. mls logo
MLS#72236779 • last updated 8 years ago
Movoto checked MLS Property Information Network, Inc. for data 8 minutes ago
Overview
Levels/Style 4, 4
MLS # 72236779
Type Residential Income
Status Closed
SubType 4 Family
SqFt 3536
Lot Size (SqFt) 4750
Lot Size (Acres) 0.11
Annual Property Tax 6581
Year Built 1853
Interior
Total # of Bathrooms 4
# Full Baths 4
Total # of Bedrooms 7
Basement Full
Total # of Rooms 16
Exterior
Foundation Granite
Roof Shingle
Construction Frame
Parking Desc Paved Drive
# Parking Spaces 4
Amenities / Utilities
Sewer Private Sewer
Water Source Public
Location
County Essex
Community Features Public Transportation, Shopping, Laundromat, Highway Access, Public School
Zoning RA
APN M:0011A B:00000 L:00057, 1891573
Directions Ask Jeeves
Multifamily Details
Net Operating Income 27913
Operating Expense 14867
Total Actual Rent 3565
Financial Data Source Owner
Expense: Water/ Sewer 1827
Gross Income 42780
Expense: Electricity 264
$1.11M
Range: $632K-$1.58M
Last 30 days 
  • Feb 2018
    mls logo MLS # 72236779
  • Feb 27, 2018 Sold
    $490,000 (-1.8%)
  • Oct 2, 2017 Listed
    $499,000 (+34.9%)
  • Apr 2006
    mls logo MLS # 70258470
  • Apr 27, 2006 Sold
    $370,000 (-7.3%)
  • Sep 12, 2005 Listed
    $399,000
  • Year Property taxes Tax assessment
  • 2025
    $9,324 +11.8%
    $843,000 +26.9%
  • 2024
    $8,337 +3.5%
    $664,300 +7.08%
  • 2023
    $8,053 +1.8%
    $620,400 +10.37%
  • 2022
    $7,914 +1.9%
    $562,100 +15.0%
  • 2021
    $7,767 -0.2%
    $488,800
  • 2020
    $7,782
    $488,800
  • 15-17 Central St
    $490K
  • —
  • 01833
    $949K +11% y/y
  • Georgetown
    $849K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Penn Brook Elementary School
public Grades K-6
Georgetown School District
3/10
Georgetown Middle School
public Grades 7-8
Georgetown School District
7/10
Georgetown Middle/High School
public Grades 9-12
Georgetown School District
Source: GreatSchools.org © 2026. All rights reserved.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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