31 North Street, Randolph, MA 02368
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$1,500,000
5 Unit
10 Beds
5 Baths
6304 SQFT
0.31 Acre

Property Description

31 NORTH ST. IS A LARGE 5 UNIT RESIDENTIAL APARTMENT BUILDING LOCATED ONE BLOCK OUTSIDE OF RANDOLPH CENTER. IT CONSISTS OF ONE (1) BEDROOM, THREE (2) BEDROOMS, AND 1 (4) BEDROOM APARTMENTS.ALL UTILITIES ARE SEPARATE EXCEPT FOR THE ELECTRIC FOR APARTMENTS #4 AND #5. WHICH ARE COMBINED AND THE LANDLORD PAYS FOR. THE LANDLORD ALSO PAYS THE GAS FOR APARTMENT # 4 BECAUSE IT IS RENTED BY FOUR SEPATATE TENANTS. THERE ARE FIVE GAS HEATING SYSTEMS AND FIVE GAS WATER HEATERS. THERE IS PAVED PARKING FOR AT LEAST NINE VEHICLES. THERE IS A COIN-OP WASHER AND DRYER IN THE BASEMENT. THE LARGE BASEMENT ALSO HAS SEPARATE STORAGE AREAS FOR EACH TENANT AND THE LANDLORD. FOUR TENANTS ARE “TENANTS AT WILL”, UNIT 2 ON LEASE UNTIL MARCH 2026. ALTHOUGH WE CURRENTLY USE A PRIVATE TRASH COMPANY, THE TOWN HAS SUPPLIED US WITH FIVE BARRELS TO BE PICKED UP FREE BY THE TOWN.ALL RENTS ARE LOW AND THERE IS SUBSTANCIAL ROOM FOR INCREASES.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 7
  • Total Bedrooms: 10
  • Total Full Baths: 5
  • Amenities: Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Heat Pump
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 130800
  • Gross Expenses: 25800
  • GSE: 7800
  • Water/Sewer: 6000
  • INSC: 12000
  • Net Operating Income: 92652

Utilities

  • Electric Info: 100 Amps, Individually Metered, Other (See Remarks)
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Electric, Gas, Heat, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73379856
  • Last Updated: 05/30/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/30/2025Active$1,500,000$238MLSPIN
05/26/2025New$1,500,000$238MLSPIN

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Seller's Representative: Dana Schatzl, Realty Solutions Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-30 03:05:00