About this home
PRICE REDUCTION-- to Sell! It is possible to live rent or mortgage free and here’s your opportunity. This fully rented, three unit multi family property is already generating income. Live in one unit and let the other two cover your expenses, or bring your own vision to life in this premier location. Zoned for both commercial and residential use, the possibilities are extensive. Imagine a riverfront restaurant with al fresco dining, a new retail shop, an exercise or hot yoga studio, an art gallery, or continue with office and wellness services the property currently includes office space and a massage therapy business. The offering includes two houses, one apartment unit, an office space unit, and four garages along the Utley Brook branch of the West River. You’ll enjoy 365 feet of beautiful waterfront and 435 feet of frontage on Londonderry Marketplace, with ample parking to support your business or development plans. All three residential units are fully rented and generating strong income. There are many properties on the market but only one with this unique combination of location, flexibility, and potential. An exceptional opportunity to create the lifestyle or business you envision.
Listing last checked: Listing updated:
Listed by Wilkie F Bushby · TPW Real Estate · MLS #5097168
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Details at a glance
Interior4 property facts
- Rooms
- 12
- Heating
- Forced Air, Hot Water
- Cooling
- None
- Basement
- Yes · Concrete Floor
Building4 property facts
- Style
- Single Family Residence
- Year built
- 1890
- Garage
- 3
- Parking
- 3
Land & utilities5 property facts
- Lot size
- 0.75 acres
- Water
- Well
- Waterfront
- Y
- Pool
- Not reported
- Zoning
- residential & commercial
Financial2 property facts
- Annual taxes
- $4,806
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $350,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,170 / monthAdjust
- Principal & interest
- $1,770
- Property tax
- $400
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,806. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Photo-based condition insights
Overall presentation: below average
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About 1950 N. Main Street
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Request a tour of 1950 N. Main Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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