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$619,900
Est. payment /mo
2,244 SqFt
Price Dropped by $30K
26 Powder Mill Rd Maynard, MA 01754
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,244 sqft
Price per Sqft $276
MLS Listing ID 73564387
HOA Y/N false
Year Built 1920
Annual Tax Amount $9,327
Tax Year 2026
Lot Size 8,712 Sqft
Acres 0.2
Property Description
MAJOR PRICE ADJUSTMENT - NOW $619,900 • MAYNARD 3-UNIT INCOME PROPERTY • $4,430/MONTH CURRENT RENT • BUSINESS DISTRICT • ROUTE 62 FRONTAGE • COMMERCIAL POTENTIAL • ASSABET RIVER VIEWS. A distinctive Maynard multifamily investment combining established residential rental income with the added flexibility of a Business District location. The first floor is currently configured as a 2-bedroom apartment with 5 rooms, full kitchen and bath, and is being used as work/live space. A separate direct exterior entrance, prominent Route 62 visibility, potential signage, and access to basement storage also create intriguing potential for an owner-user, professional office, studio, or other permitted commercial use. The two upper-level units are each legal 1-bedroom apartments, offering an investor multiple income streams or an owner-occupant the ability to combine homeownership with rental income. Current total rental income is $4,430/month. Each unit has separately metered electricity, heat, and hot water; water/sewer is combined. Six off-street parking spaces add flexibility for residents and potential business use. Additional features include replacement windows and recent exterior paint. Set directly along the Assabet River, the property offers river views, backyard space, and a gardening area while benefiting from Route 62 frontage and visibility. Convenient to Downtown Maynard, local shops and restaurants, the Maynard Cultural District, Assabet River Rail Trail, and routes connecting Maynard with Acton, Concord, Sudbury, and the greater MetroWest area. Ideal for investors, owner-occupants, or buyers seeking a Maynard multifamily property with existing rental income plus future mixed-use potential. Current occupants are tenants at will. Buyer/buyer's agent to verify intended commercial use and zoning requirements with the Town of Maynard. No flood insurance required for current owner.
Location
State MA
County Middlesex
Zoning business
Direction Waltham Street to Powder Mill
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
Listed by Coldwell Banker Realty - Concord
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