Rarely available 4 unit located right in the heart of downtown Georgetown. CURRENT rents below market w/ long term tenants at $43,680. CURRENT Operating Expenses including Taxes are just under $11,123. PROJECTED RENT ROLL OVER $50,000. Great buy & hold investment opportunity. Don’t miss out on this opportunity, conveniently located with easy access to major routes, dining, shopping, transportation and schools. Separate Utilities. Roof is about 8-10 years old. Unit 1 (4 bedroom) has lead certificates. Walk to American Legion Park and go swimming at Pentucket Pond Outlet Reservoir located a few short steps down the street. All hot water heaters replaced in past 4 years. 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/ 15-17 Central Street (MLS #72236779)
Four unit Colonial on corner lot close to town center. Features one large multi room unit and three nice sized one bedroom units, fully rented. Building has a large deck to the rear and a nice yard, plus more than ample parking with a driveway on one side and a large parking area on the other. Close by is a fabulous waterfront park with small beach area, playground & small summer concert pavillion. A rare opportunity to purchase a four unit in Georgetown. Great condo conversion potential!
Public Records
Jun 14, 2007
Sold
$300,000
$105/sq ft
MLS PIN #30457604
Mar 1, 2001
Sold
$327,500
$115/sq ft
Jan 25, 2001
Listing Removed
—
Oct 31, 2000
Listed
$359,900
$127/sq ft
GEORGETOWN - WELL MAINTAINED 4 FAM ON ALMOST 1/3 ACRE LOT. CORNER LOT, 1ST FLR HAS 6 RMS, 3 BEDRMS, 1& 3/4 BATHS, EAT IN KIT, 2 ZONE FHW HEAT, 3 ADDITINAL 1 BEDRM UNITS, VINYL SIDING, PARKING FOR 7 CARS, WIRED IN SMOKE DETECTORS, ETC.
Public Records
Jul 1, 1988
Sold
$237,000
$83/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$7,451 (−3.3%)
$153,000 + $421,000
$574,000
2021
$7,702 (−0.2%)
$133,000 + $419,000
$552,000
2020
$7,716 (+24.3%)
$133,000 + $351,700
$484,700
2018
$6,206 (−2.0%)
$130,500 + $260,300
$390,800
2017
$6,335 (+2.1%)
$130,500 + $260,300
$390,800
2016
$6,202 (+20.1%)
$130,500 + $260,300
$390,800
2015
$5,162 (+16.0%)
$130,500 + $191,500
$322,000
2014
$4,451 (+2.8%)
$130,500 + $186,300
$316,800
2013
$4,328 (+7.2%)
$130,500 + $188,900
$319,400
2012
$4,038 (+11.4%)
$130,500 + $178,000
$308,500
2011
$3,625 (+11.1%)
$130,500 + $180,100
$310,600
2010
$3,263 (+14.6%)
$163,100 + $145,300
$308,400
2009
$2,848
$171,600 + $113,800
$285,400
Tax history for 89 W Main St
Year
Property tax
Land + Additions
Assessment*
2023
$7,451 (−3.3%)
$153,000 + $421,000
$574,000
2021
$7,702 (−0.2%)
$133,000 + $419,000
$552,000
2020
$7,716 (+24.3%)
$133,000 + $351,700
$484,700
2018
$6,206 (−2.0%)
$130,500 + $260,300
$390,800
2017
$6,335 (+2.1%)
$130,500 + $260,300
$390,800
2016
$6,202 (+20.1%)
$130,500 + $260,300
$390,800
2015
$5,162 (+16.0%)
$130,500 + $191,500
$322,000
2014
$4,451 (+2.8%)
$130,500 + $186,300
$316,800
2013
$4,328 (+7.2%)
$130,500 + $188,900
$319,400
2012
$4,038 (+11.4%)
$130,500 + $178,000
$308,500
2011
$3,625 (+11.1%)
$130,500 + $180,100
$310,600
2010
$3,263 (+14.6%)
$163,100 + $145,300
$308,400
2009
$2,848
$171,600 + $113,800
$285,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
9
Baths
4.5
Stories
2
Lot width
—
Lot depth
—
Lot size
9,583 Sq. Ft.
Year renovated
—
Sq. Ft.
2,844
Year built
1900
Style
Multi-Family (5+ Unit)
County
Essex County
APN
1891195
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Property details
Parking
Parking Information
Parking Spaces: 6
Interior
Bathroom Information
# of Bathrooms (Full): 4
# of Bathrooms (Half): 1
Basement Information
Basement: Full, Bulkhead
Interior Features
# of Rooms (Total): 19
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 1
Lease: N
Exterior
Building Information
Building Area (Total): 2,844
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 4
Year Built Source: Public Records
Year Built Details: Approximate
Color: White
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 4 Family
Lot Information
Lot Size (Acres): 0.22
Lot Features: Corner Lot, Wooded
Financial
Tax Information
Tax Annual Amount: $6,335
Tax Year: 2017
Utilities
Utility Information
Sewer: Private Sewer
Water Source: Public
Location
Location Information
Directions: Ask Jeeves or Google Maps
UnparsedAddress: 89 W Main St, Georgetown MA 01833
Community Information
Senior CommunityYN: No
Public facts
Beds: 9
Baths: 4.5
Sq. Ft.: 2,844
Stories: 2.0
Lot Size: 9,583 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1900
Year Renovated: —
County: Essex County
APN: 1891195
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Penn Brook Elementary School
Public K-6 • Assigned • 1.2mi
5/10
Georgetown Middle School
Public 7-8 • Assigned • 0.5mi
4/10
Georgetown Middle/High School
Public 9-12 • Assigned • 0.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Georgetown, MA • 01833
Average low and high temperatures (°F)
32
18
36
18
50
30
58
39
67
49
79
60
83
65
79
58
73
54
63
43
52
35
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.