Price Improvement! New septic design In process by seller, Discover a fantastic investment opportunity with this Ocean Grove three family home only a 3 minute drive to Swansea town beach, convenient to major highways and many other amenities such as marina and country club! This home features first floor apartment with porch, one bedroom, one bath and recently remodeled kitchen, with new electric, plumbing and flooring. The second floor apartment features two bedrooms, one bathroom, living room, dining room, and recently refreshed galley kitchen, new ceilings and original hard wood flooring as well as walk out covered deck with distant water views! Third apartment features high ceilings, one bedroom, one bath and living room space. This home has many updates, including electric,plumbing , and new back roof, currently draws in $3400 a month profit for rental income. Don’t miss out on this rare opportunity to own a multi family home in desirable Swansea area!
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Last Updated: April 1st, 2025 at 5:18am
Gross Income: $41,400
Gross Expenses: $4,688
Net Income Calc: $36,712
CAP Rate: 7.36%
Water Views
Beach Front
Annual Expenses for 55 Railroad Ave, Swansea MA 02777
Total Gross Expenses (Calculated)$4,688/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$4,688
Annual Income & Unit Breakdown for 55 Railroad Ave, Swansea MA 02777
Total Gross Income (Calculated)$41,400
Unit 1
Rental Income1100
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income1400
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income950
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
General Information for 55 Railroad Ave, Swansea MA 02777
Listing ID73339941
Property TypeMulti Family / 3 Family
Price$499,000 ($278.15/SqFt)
Style
CitySwansea
CountyBristol
MLS AreaOcean Grove
Neighborhood(s)
Approximate Living Area Total1,794 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking3
Garage Parking1 / Detached
Year Built1920
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor SpaceCovered, Porch
ZoningR1
Zoning Details
Water ViewsYes
Water Views Features
WaterfrontNo
Waterfront FeaturesBeach Front, 1/2 To 1 Mile To Beach
Energy Features
Terms
Interior Features for 55 Railroad Ave, Swansea MA 02777
Disclosures for 55 Railroad Ave, Swansea MA 02777
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5D
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$41,400
Total Net Income By Broker$41,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Location Information for 55 Railroad Ave, Swansea MA 02777
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaOcean Grove
Area AmenitiesHighway Access, House Of Worship, Shopping, Marina
Contact Information for 55 Railroad Ave, Swansea MA 02777