175 Hancock St, Everett, MA 02149
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$1,595,000
5 Unit
9 Beds
5 Baths
5237 SQFT
0.21 Acre

Property Description

Attention investors and buyers !! Great opportunity to own a large 5-unit rental property on a corner lot. The property is at a 7% cap rate on current income. The building consists of one (1) 4-Bedroom/1 Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units. Majority of units renovated and has off-street parking for up to 7 cars. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Wellington stations on the MBTA’s Orange Line.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 9
  • Total Full Baths: 5
  • Amenities: Public Transportation, Shopping
  • Basement Features: Bulkhead, Full
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator, Washer & Dryer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Hot Water Radiators

Financial

  • APOD Available: Yes
  • Gross Operating Income: 146400
  • Gross Expenses: 17732
  • Electric Expenses: 532
  • Water/Sewer: 3425
  • INSC: 6875
  • Net Operating Income: 112525

Utilities

  • Heat Zones: 1
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73375206
  • Last Updated: 05/15/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/14/2025New$1,595,000$305MLSPIN
06/19/2023Sold$1,475,000$282MLSPIN
05/05/2023Under Agreement$1,535,000$293MLSPIN
04/14/2023Active$1,535,000$293MLSPIN
04/10/2023Price Change$1,535,000$293MLSPIN
01/28/2023Active$1,545,000$295MLSPIN
01/24/2023New$1,545,000$295MLSPIN
01/14/2023Expired$1,545,000$295MLSPIN
01/11/2023Temporarily Withdrawn$1,545,000$295MLSPIN
10/31/2022Under Agreement$1,545,000$295MLSPIN
10/07/2022Active$1,545,000$295MLSPIN
10/03/2022Price Change$1,545,000$295MLSPIN
09/17/2022Active$1,595,000$305MLSPIN
09/13/2022New$1,595,000$305MLSPIN
08/13/2022Expired$1,595,000$305MLSPIN
07/29/2022Active$1,595,000$305MLSPIN
07/25/2022Back on Market$1,595,000$305MLSPIN
07/13/2022Under Agreement$1,595,000$305MLSPIN
07/05/2022Back on Market$1,595,000$305MLSPIN
06/27/2022Under Agreement$1,595,000$305MLSPIN
06/17/2022Active$1,595,000$305MLSPIN
06/13/2022Price Change$1,595,000$305MLSPIN
05/27/2022Active$1,675,000$320MLSPIN
05/27/2022Active$1,595,000$305MLSPIN
05/23/2022Price Change$1,675,000$320MLSPIN
05/02/2022Active$1,695,000$324MLSPIN
05/02/2022Active$1,675,000$320MLSPIN
04/28/2022Price Change$1,695,000$324MLSPIN
04/18/2022Active$1,725,000$329MLSPIN
04/18/2022Active$1,695,000$324MLSPIN
04/14/2022New$1,725,000$329MLSPIN

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Seller's Representative: Eric Paul, J. Borstell Real Estate, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-05-15 13:33:00

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