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
Multi-familyProperty Type
1880Year Built
0.26 acresLot Size
$173Price/Sq.Ft.
6 garage spacesParking
Listed by Michael Videtta• The Hive Real Estate LLC
Listed by Michael Videtta• The Hive Real Estate LLC
11 UNIT MULTI-FAMILY PROPERTY. SIX 3 ROOM/1-BR UNITS AND FIVE 4 ROOM/2-BR UNITS. SEPARATE GAS & ELECTRIC UTILITIES. 6-CAR GARAGE. TOTAL MONTHLY RENTAL INCOME=$4,525.00.
MLS PIN #30253161
Sep 30, 1999
Sold
$132,500
$18/sq ft
Jun 28, 1999
Listing Removed
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Aug 26, 1998
Listed
$155,000
$21/sq ft
ELEVEN UNITS, 7 ONE BEDROOM, 4 TWO BEDROOM. SIX GARAGES. TUNNEL CONNECTS THE TWO BUILDINGS. GOOD LOOKING & NICELY KEPT.
Public Records
Nov 15, 1985
Sold
$550,000
$76/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$8,535 (+41.7%)
$91,300 + $516,600
$607,900
2022
$6,025 (−6.6%)
$91,300 + $284,100
$375,400
2021
$6,451 (+5.7%)
$82,500 + $282,800
$365,300
2020
$6,101 (+0.4%)
$82,500 + $272,600
$355,100
2019
$6,078 (−13.3%)
$82,500 + $265,800
$348,300
2018
$7,014 (+0.7%)
$82,500 + $275,900
$358,400
2017
$6,967 (+18.1%)
$82,500 + $259,000
$341,500
2016
$5,901 (+4.2%)
$21,900 + $275,700
$297,600
2015
$5,663 (+3.2%)
$21,900 + $275,700
$297,600
2014
$5,485 (+16.4%)
$21,900 + $275,700
$297,600
2013
$4,714 (−4.5%)
$88,000 + $216,500
$304,500
2012
$4,935 (+8.7%)
$88,000 + $232,900
$320,900
2011
$4,538 (+6.3%)
$88,000 + $232,900
$320,900
2010
$4,268 (+1.5%)
$88,000 + $232,900
$320,900
2009
$4,203
$40,100 + $326,300
$366,400
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
0.26 Acres
Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Other
County
Worcester County
APN
1448810
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 20, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 17 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Athol, MA • 01331
Average low and high temperatures (°F)
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61
39
48
31
34
18
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Sun exposure
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Redfin Estimate for 159 Park St
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