About 159 Park St
Rare opportunity to acquire an 11-unit multifamily investment property consisting of two separate buildings—a 5-unit and a 6-unit—on a single parcel. The property offers a strong combination of existing rental income, multiple income streams, and long-term investment potential. Tenants are responsible for their own heat, hot water, and electricity, helping to minimize owner-paid utility expenses. Additional features include coin-operated laundry, full basements in both buildings, and a detached six-bay garage, providing additional income and storage potential. The property features a diverse unit mix consisting of [6] one-bedroom units and [5]two-bedroom units.Current gross monthly rental income is approximately $11,925, or $143,100 annually, with additional potential income available through the garages and laundry
Features of 159 Park St
| MLS® # | 73565928 |
|---|---|
| Price | $1,250,000 |
| Bedrooms | 16 |
| Bathrooms | 11.00 |
| Full Baths | 11 |
| Square Footage | 7,211 |
| Acres | 0.26 |
| Year Built | 1880 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 159 Park St |
|---|---|
| City | Athol |
| County | Worcester |
| State | MA |
| Zip Code | 01331 |
Amenities
| Parking Spaces | 21 |
|---|---|
| # of Garages | 6 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
| Stories | 2 |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Foundation | Block |
Additional Information
| Zoning | RA |
|---|
Listing Details
| Agent | Michael Videtta |
|---|---|
| Office | The Hive Real Estate LLC |