40 Summer St, Bridgewater MA 02324

Bridgewater, MA 02324
$2,352,000
Est. $12,518/month
11
Beds
12
Baths
8,167
Sq Ft
$288
Price/Sq Ft
0.98
Acres
1938
Year Built
5+ Family - 5+ Units Up/Down
Type
108
Days on Market
Closed Listed Sep 30, 2025 • MLS# 73300707 Copied!

About this home

The Lofts @ Summer Street (40 Summer Street) consists of a four-story building with ten (10) residential units comprised of one (1), 2-Bedroom/2-Bathroom unit, two (2), 1-Bedroom/1.5 Bathroom units, and seven (7), 1-Bedroom/1-Bathroom units. The Property is situated on a 0.98-acre parcel of land with twenty-two (22) on-site parking spaces available for tenants and guests. A transformative gut renovation of the Property was completed in 2019 where the entirety of the buildings envelope, interiors, mechanicals, and fire system were updated. The building is separately metered for heat and electricity which the tenants pay directly. All units feature PTAC heating and air conditioning systems. The Landlord is responsible for common area heat and electric, hot water, and domestic water and sewer. The Lofts @ Summer Street offers the opportunity to acquire a well-located, fully leased, turn-key asset, that is poised for income growth.

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1938
Bedrooms
11
Full Bathrooms
11
Half Bathrooms
2
Living Area
8,167 sq ft
Total Rooms
31
Stories
5
Levels
5

Sale Statistics

Sale Overview
Original List Price: $2,400,000
Final Sale Price: $2,352,000
Difference: $48,000 (-2.0%)
Performance Metrics
98.0%
List to Sale Ratio
Sold below asking price
108
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $294
Sale $/sq ft: $288
This property sold for $288 per square foot
Sale Summary

This property sold for 2.0% below the original asking price.

At 108 days on market, this property took longer than average to sell.

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1938
Living Area 8,167 sq ft
Lot Size 0.98 acres
Bedrooms 11
Full Baths 11
Half Baths 2
Total Rooms 31

Interior

Heating None
Cooling Other
Flooring None
Appliances Washer, Dryer
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Shingle, Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 22

Utilities

Electric Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $19,770
Assessed Value $1,628,500

Location

Loading map...

Neighborhood

40 Summer St, Bridgewater MA 02324

Bridgewater, MA 02324

Walkability

Loading Walk Score...

Schools

School information not available

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $1,648
Homeowners Insurance $200
PMI $0

Property History

Market Insights

2%
Price Range
34
Total Days on Market

Property Timeline

Sold
Apr 8, 2025
$2,352,000
Property sold
Days on Market: 34
🏠
Listed for Sale
Oct 10, 2024
$2,400,000
Original listing
Agent: Jason Kulik Office: Horvath & Tremblay

Price & Status History

Date Event Price Change
Oct 10, 2024 New Listing Added $2,400,000

Market Statistics

Days on Market
108 days
Price per Sq Ft
$288

Tax History

Year Taxes Assessment
2024 $19,770 $1,628,500

Financial Details

Annual Property Tax
$19,770
Tax Year 2024
Assessed Value
$1,628,500

Listing Information

Listing Agent Jason Kulik
Listing Office Horvath & Tremblay
Agent MLS ID CN226863
Office MLS ID AN2723

Similar Homes

40 Summer St, Bridgewater MA 02324 - Photo 1 40 Summer St, Bridgewater MA 02324 - Photo 2 40 Summer St, Bridgewater MA 02324 - Photo 3 40 Summer St, Bridgewater MA 02324 - Photo 4 40 Summer St, Bridgewater MA 02324 - Photo 5 40 Summer St, Bridgewater MA 02324 - Photo 6 40 Summer St, Bridgewater MA 02324 - Photo 7 40 Summer St, Bridgewater MA 02324 - Photo 8 40 Summer St, Bridgewater MA 02324 - Photo 9 40 Summer St, Bridgewater MA 02324 - Photo 10 40 Summer St, Bridgewater MA 02324 - Photo 11 40 Summer St, Bridgewater MA 02324 - Photo 12 40 Summer St, Bridgewater MA 02324 - Photo 13 40 Summer St, Bridgewater MA 02324 - Photo 14

Contact Agent

Schedule a Tour