Rare investment opportunity in Charlton! This unique 3-unit, side-by-side townhome-style multifamily property generates an impressive $5,800 per month in rental income and offers a nearly 9% cap rate. Featuring two spacious townhome-style units, each with 4 bedrooms and 1 bathroom, plus a separate 1-bedroom studio, this property offers strong investment potential. The two side by side units are equipped with forced hot air heating, separate electrical panels, and tenants responsible for their own oil and electric costs, helping minimize owner expenses. The studio has separate electric, with electric baseboard heat. Whether you're looking to expand your portfolio, maximize cash flow, or secure a property in a desirable location, this is an opportunity worth exploring. Multifamily properties like this don't come around often in Charlton! Conveniently located just off Route 20 with easy access to the Massachusetts Turnpike, this property is well-positioned for commuters and tenants alike. Strike while the iron is hot and capitalize on this rare opportunity to own a multi-unit investment in a sought-after market!
Multi-familyProperty Type
1880Year Built
5,000 sq ftLot Size
$229Price/Sq.Ft.
6 spacesParking
Listed by Matt Santurri• Byrnes Real Estate Group LLC
This well maintained multi-family with 2 residential units and a business unit (approx 320 sqft) in a central location minutes to Rt. 20 for commuting. Plenty of parking for all units, this property also has a 30' on Brookfield Road. Delead Certificates available! Updates include: roof (approx. 9 yrs old), Unit A has a new furnace, rebuilt chimney and flue in Oct 2016 (both units), and new oil tank. All units are in good condition. Unit A & B are 3 levels - The first floor consists of the kitchen, dining, and living room, second floor consists of all the bedrooms and the 3rd floor has attic space for storage or other use that you see fit! Both units have access to the basement, which have washer and dryer hookups. This property is on town sewer. Town water does run past the property but is currently on private well with new well pump 2015. This is a great opportunity for investment or owner occupied!
Public Records
Mar 15, 1995
Sold
$21,233
$8/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$4,336 (+14.3%)
$59,700 + $296,600
$356,300
2022
$3,793 (+26.3%)
$58,700 + $226,700
$285,400
2020
$3,004 (+1.1%)
$52,500 + $148,600
$201,100
2019
$2,970 (+9.4%)
$52,500 + $148,600
$201,100
2018
$2,715 (+6.8%)
$52,500 + $148,600
$201,100
2017
$2,541 (+2.3%)
$47,700 + $132,500
$180,200
2016
$2,483 (+2.7%)
$47,700 + $132,500
$180,200
2015
$2,418 (+5.6%)
$47,700 + $132,500
$180,200
2014
$2,289 (+2.9%)
$51,300 + $129,500
$180,800
2013
$2,224 (+2.5%)
$51,300 + $129,500
$180,800
2012
$2,170 (+0.8%)
$51,300 + $129,500
$180,800
2011
$2,152 (−3.8%)
$46,000 + $140,000
$186,000
2010
$2,238 (+18.5%)
$68,000 + $150,600
$218,600
2009
$1,889
$84,200 + $124,500
$208,700
Public record
Beds
6
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.25 Acres
Year renovated
—
Finished Sq. Ft.
2,747
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,747
Year built
1880
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
1482152
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
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 93° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Charlton, MA • 01507
Average low and high temperatures (°F)
31
17
34
19
50
30
60
39
67
49
79
59
82
64
78
57
74
54
63
44
50
35
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 12 A Power Station Rd
$628,947
$1,053 under list price of $630K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $550K to $755K.