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38 Purchase St, Milford MA 01757

$495,000

Estimated $1,359/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $247,500

Total Rent: 12000/year

Estimated CAP Rate:

3 Bedrooms

Baths

2296

Total Parking: 4

12,001 (0.28)

Strong investment opportunity for contractors, value-add buyers, or an owner-occupant seeking income potential. This multi-family property offers excellent upside whether you plan to live in one unit and rent the others, pursue a flip, expand a rental portfolio, or explore a possible condo conversion. The home requires updating and restoration, making it well-suited for buyers looking to reposition a property and maximize returns. It is located near the town park with fitness areas, tennis courts, and basketball courts, as well as local schools, Milford Rail Trail Bike path and Milford Regional Medical Center. The location also provides easy access to I-495, Route 16, and Route 140. Property will be delivered vacant, and this is not a bank-owned property. Property is being sold AS IS. Seller may accept or reject any offer at their discretion and makes no warranties or representations. Buyers and Buyer’s Agents should perform all due diligence.

This home has been viewed 2 times

Last Checked: July 26th, 2026 at 8:10am (Source: MLS PIN #73551085)

Gross Income: $12,000

Gross Expenses: $6,673

Net Income Calc: $5,327

Water Views

Annual Expenses for 38 Purchase St, Milford MA 01757

Total Gross Expenses (Calculated)$6,673/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6673

Annual Income & Unit Breakdown for 38 Purchase St, Milford MA 01757

Total Gross Income (Calculated)$12,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 38 Purchase St, Milford MA 01757

Listing ID73551085

Property TypeMulti Family

Price495000 ($215.59/SqFt)

StyleMulti Family

CityMilford

CountyWorcester

Neighborhood(s)

Approximate Living Area Total2296

Approximate Lot Size (Acres)0.28

Total Parking4

Garage Parking0

Year Built1877

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRES

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 38 Purchase St, Milford MA 01757

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsThe 2-Year-Old

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 38 Purchase St, Milford MA 01757

Real Estate Taxes6673

Tax Year2025

Assessed Value$521,300

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 38 Purchase St, Milford MA 01757

Elementary SchoolMemorial

Middle SchoolMilford Middle

High SchoolMhs/Bvt

Neighborhood(s)

Area Amenities

Contact Information for 38 Purchase St, Milford MA 01757

Agent

Name: Donna Lapointe

Office

Name: Real Broker MA, LLC

Phone: 855-450-0442

Payment Calculator

, Interest

Property Taxes 556.08

Principal & Interest 3050.03

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Real Broker MA, LLC

Donna Lapointe

Agent Phone

Office Phone

(855) 450-0442

Text Agent Call Agent Call Office

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    [unparsed] => 38 Purchase St, Milford MA 01757
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EXIT