Investors take notice! This well-maintained 5-unit multifamily property presents an outstanding opportunity to expand your investment portfolio or begin building long-term wealth through real estate. Held by the same family for an incredible 136 years, this property reflects generations of pride in ownership and thoughtful maintenance. Offering strong rental appeal, three units are currently occupied by tenants at will, while additional income potential exists with the remaining units. One oversized apartment was originally two separate units and has been combined into a spacious residence, providing flexibility for future rental strategies. Major improvements include vinyl siding, vinyl replacement windows, a flat rubber roof approximately 10 years old, a new boiler approximately 2 years old, newer gas heaters, and six electric meters. Separate utilities help simplify property management and tenant billing. Inside, the building retains much of its original character with beautiful ornate woodwork, impressive 4¼-inch window and door casings, original five-panel interior doors, and hardwood flooring throughout much of the property. Conveniently located minutes to Twin City Rail Trail and near shopping, restaurants, churches, markets, bus stops, and the commuter rail station, this property offers the accessibility of today's tenants value. Whether you're a seasoned investor seeking dependable cash flow or a buyer looking to enter the multifamily market with confidence, this is a rare opportunity to own a solid income-producing property with a remarkable history and excellent upside potential.
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Zillow last checked:
Listing updated:
Listed by:
Brenda Albert978-621-3168,
LAER Realty Partners978-534-3100
Source: MLS PIN,MLS#: 73557326
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 5
Full bathrooms: 5
Heating
Natural Gas, Space Heater, Steam
Appliances
Included: Range, Refrigerator, Washer, Dryer
Laundry: Washer Hookup, Dryer Hookup, Gas Dryer Hookup
Features
Living Room, Kitchen, Office/Den
Flooring: Wood, Carpet
Basement: Full,Interior Entry
Has fireplace: No
Interior area
Total structure area: 5,543
Total interior livable area: 5,543 sqft
Finished area above ground: 5,543
Property
Parking
Total spaces: 7
Parking features: Off Street, Stone/Gravel
Garage spaces: 2
Uncovered spaces: 5
Features
Patio & porch: Porch
Lot
Size: 6,678 Square Feet
Features: Cleared
Details
Parcel number: M:0133 B:0001 L:0,1509281
Zoning: NB
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Side by Side
Materials
Frame
Foundation: Concrete Perimeter
Roof: Rubber
Condition
Year built: 1890
Utilities & green energy
Electric: Circuit Breakers, Individually Metered
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Gas Dryer, Washer Hookup, Varies per Unit
Community & HOA
Community
Features: Public Transportation, Shopping, Golf, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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