NOT LISTED FOR SALE

175 Hancock St Everett, MA 02149

Glendale Neighborhood
7 Beds
5 Baths
5,237 Sq Ft
9,121 Sq Ft Lot

Last Sold June 14, 2023

Last sale price $1,475,000 $282 Per Sq Ft

100 Days on Market

Highlights

  • 0.21 Acre Lot
  • Corner Lot
  • 2-minute walk to Swan Street Park
  • Property is near public transit

About This Home

As of June 2023

175 Hancock Street, a 7% cap rate on current income, is a three-story building containing five units consisting of one (1) 4-Bedroom/1 Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units in 5,237 square feet of living area in 8,078 square feet of total gross area on a large, 0.21-acre corner lot. Majority of units renovated and has off-street parking for up to 7 cars. The current rents at 175 Hancock are below market allowing for an investor to drive income by bringing the rents up to market. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Wellington stations on the MBTA’s Orange Line.

Last Agent to Sell the Property

John Pentore

Horvath & Tremblay Listed on: 01/24/2023

Co-Listed By

Dennis Kelleher

Horvath & Tremblay

Last Buyer's Agent

John Pentore

Horvath & Tremblay Listed on: 01/24/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,491

Year Built

  • Built in 1900

Lot Details

  • 9,121 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 5,237 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 7 Car Parking Spaces
  • Off-Street Parking

Additional Features

  • Property is near public transit
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $11,050
  • Assessor Parcel Number M:B0 B:06 L:000113,479056

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Building Details

  • Operating Expense $25,967
  • Net Operating Income $102,655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,491

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Appliances: Washer, Dryer, Gas Water Heater
  • Total Bedrooms: 7
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Full
  • Living Area: 5237
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN2723
  • MAIN SO: AN2723

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:B0 B:06 L:000113,479056
  • Zoning: DD
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9121
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11491

Multi Family

  • Net Operating Income: 102655
  • Number Of Units Total: 5
  • Operating Expense: 25967
  • Total Actual Rent: 11050
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2023 06/14/23 Sold $1,475,000 -3.9% $282 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
04/10/2023 04/10/23 Price Changed $1,535,000 -0.6% $293 / Sq Ft
01/24/2023 01/24/23 For Sale $1,545,000 +47.1% $295 / Sq Ft
12/05/2019 12/05/19 Sold $1,050,000 -8.7% $200 / Sq Ft View Prior Sale
09/23/2019 09/23/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $1,150,000 -- $220 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    John Pentore

    Horvath & Tremblay

    Section Image

  • D

    Seller Co-Listing Agent in 2023

    Dennis Kelleher

    Horvath & Tremblay

    Section Image
  • Scott Cutler

    Seller's Agent in 2019

    Scott Cutler

    RE/MAX

    (781) 395-7050

    29 Total Sales

    Scott Cutler
    Section Image
  • Paul Neves

    Buyer's Agent in 2019

    Paul Neves

    RE/MAX

    (781) 248-2847

    18 Total Sales

    Paul Neves
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73073080

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Everett 02149 Glendale

175 Hancock St, Everett, MA

Not Listed for Sale

MultiFamily

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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