Property Description

Investment Opportunity in desired area. Extremely strong rental market. Traditional three decker style building with two side by side apartments on each level. The property is in good shape. The three bedroom was recently updated to include composite flooring, updated bathroom, new floors, tile, vanity and appliances. The two bedroom apartment was also updated with composite flooring. One of the one bedroom units was updated with composite flooring and new appliances. All water heaters for each unit are less than three years old. The property features a coin operated washer and dryer laundry system in the basement. The three additional one bedroom apartments have not been updated. Convenient location close to train, downtown area, restaurants, breweries, park and major routes.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 8
  • Total Bedrooms: 9
  • Total Full Baths: 6
  • Amenities: Highway Access, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 142200
  • Gross Expenses: 27981
  • GSE: 1000
  • Electric Expenses: 1100
  • Water/Sewer: 4000
  • INSC: 5358
  • RFS: 2550
  • Miscellaneous Expense: 13973
  • Net Operating Income: 114219

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1887
  • Type: 5-9 Family
  • Foundation Info: Fieldstone
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73343120
  • Last Updated: 03/09/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/09/2025New$1,350,000$305MLSPIN

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Seller's Representative: Philip R. Ottaviani, Realty Executives Boston West
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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MLS PIN data last updated at 2025-03-09 15:22:00