T
he MacDonald Hotel Rooming House, a 44-unit mixed-use property in downtown Marlborough, has been listed for sale by Northeast Private Client Group at $4,050,000. This historic building at 270 Main Street offers a rare investment opportunity with stable income and potential for future growth.
The property features a mix of retail spaces, rooming house units, and apartments, including four street-level retail spaces, 37 rooming house units, one studio, and two one-bedroom apartments. Retail tenants have triple-net-style leases, while rooming house tenants rent on a weekly basis with utilities included.
Recent upgrades add significant value to the property, including a rubber roof, updated fire safety system, renovated bathrooms, modern security system, and keyless fob entry system. On-site amenities include laundry facilities and a full sprinkler system. The boiler is approximately 20 years old, but functional.
The property benefits from its walkable downtown location near restaurants, retail shops, and public amenities. With free overnight parking available behind the building, residents and visitors enjoy enhanced convenience. Investors are invited to request additional information and schedule a tour of the property, which presents a compelling opportunity in MetroWest Boston's dynamic multifamily market with a price per unit of $92,045.
