38 Purchase St, Milford, MA, 01757
About This Home
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. Book showings showing time or text list agent direct
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1877
Materials
- Foundation: Granite
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range,Microwave,Refrigerator,Washer,Dryer
- Laundry features: Washer & Dryer Hookup,Electric Dryer Hookup,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Walk-Up Attic,Living Room,Dining Room,Kitchen
- Flooring: Wood,Carpet,Varies,Laminate,Hardwood
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area above ground: 2,296
Heating & Cooling
- Heating features: Electric
- Cooling features: None
Interior Area
- Total structure area: 2,296
- Total interior livable area: 2,296 sqft
Property
Details
- Parcel number: 1616229
- Zoning: RES
- Exclusions: Personal Property
Features
- Patio & porch: Porch,Patio
Lot
- Lot size: 0.28 Acres
- Features: Gentle Sloping
Parking
- Total spaces: 4
- Parking features: Paved Drive,Off Street,Paved
- Has uncovered spaces: Yes
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,502 | $30,024 |
| Home Insurance * | $151 | $1,812 |
| Property Taxes | $523 | $6,276 |
| Electricity | $452 | $5,433 |
| Total | $3,628 | $43,536 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-05 | Price change | $430,000 |
| 2026-07-25 | Listed for sale | $495,000 |
| 1995-11-09 | Sold | $114,500 |
| 1990-05-29 | Sold | $145,000 |
| 1989-03-17 | Sold | $179,900 |
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