309 Main Street, Brockton MA

309 Main Street is a substantial historic home in Brockton, Massachusetts, ideally suited for conversion into a men’s sober living residence. Brockton remains a strong market for recovery housing, with significant need for structured, safe, and accountable sober living options for men in recovery. This property offers the scale, location, and layout needed to meet that demand while also creating a compelling real estate and operating opportunity for the right buyer.

The renovation scope is estimated at approximately $100,000, and the work is expected to be primarily cosmetic. The property already has the presence and character of a landmark residence, with the kind of size and architectural quality that is difficult to replicate. Once renovated, we believe the home may be worth more than $1.3 million as a completed residential property and more than $2 million when valued based on its income-producing potential. Assuming a 20% vacancy factor, the sober living operation is projected to produce approximately $8,000 per month after all major expenses, including mortgage, taxes, and insurance.

The home itself has notable historic significance. The property is known as the Gardner J. Kingman House, a Queen Anne-style residence built in 1886 and designed by local architect Wesley Lyng Minor. According to the attached Wikipedia page, it was the first brick residence built in Brockton and is listed on the National Register of Historic Places. The home was later converted for commercial use and served for many years as a funeral home.

This is a unique opportunity to restore a beautiful historic property while creating urgently needed recovery housing in a strong Massachusetts market. For a qualified buyer, the acquisition may be structured as a no-money-down transaction through owner financing, making this an unusually accessible opportunity for an operator or investor prepared to complete the renovations and bring the home into service.