83 Summit St, Rockland, MA 02370
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$850,000
4 Unit
6 Beds
4 Baths
2438 SQFT
0.33 Acre

Property Description

83 Summit Street consists of a two-story building containing two (2) 1-Bedroom/1-Bathroom units and two (2) 2-Bedroom/1 Bathroom with 2,438 square feet of gross living area in 3,957 total gross square feet. The Property is situated upon a 0.33-acre parcel on a corner lot with eight (8) off-street parking spaces for residents. Numerous capital improvements have been completed under current ownership. Upgrades include new kitchens and bathrooms in 2 of 4 units, newer roof, siding and water heaters on an as needed basis. The Property is separately metered for electricity and hot water which the tenants pay directly. The Landlord is responsible for oil-fired heat, and domestic water and sewer. In-place rents are significantly below the current market rates; the opportunity exists to increase income via programmatic updates to the unrenovated units and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Gross Operating Income: 61560
  • Gross Expenses: 29216
  • Net Operating Income: 32344

Utilities

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

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

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

Construction

  • Year Built: 1860
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73436893
  • Last Updated: 10/03/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/03/2025Active$850,000$349MLSPIN
09/29/2025New$850,000$349MLSPIN

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Seller's Representative: Jason Kulik, Horvath & Tremblay
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 2025-10-03 03:05:00

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