18 East St Unit 24 Whitinsville, MA 01588
Estimated payment $7,481/month
About This Home
This is the exclusive opportunity to purchase 7-units of multi-family investment properties located at 18-24 East Street in Northbridge. The package consists of a four-unit property and a two-unit property on one parcel, and a single-family home on another parcel. The multi-story buildings contain four (4) 2-Bedroom/1-Bathroom units, two (2) 1-Bedroom/1-Bathroom units, and one (1) 5-Bedroom/2-Bathroom unit at 24 East Street. In-place rents are significantly below the current market rates; the opportunity exists to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market. Additionally, 24 East St is a separately deeded single-family home with its own separate driveway. This offers the buyer the option to renovate the single-family home and sell it separately at a significant premium to its value within the portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,234
Year Built
- Built in 1890
Lot Details
- 0.45 Acre Lot
Home Design
- Stone Foundation
Interior Spaces
- 5,918 Sq Ft Home
- 1 Fireplace
Bedrooms and Bathrooms
- 15 Bedrooms
- 8 Full Bathrooms
Parking
- 10 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Community Details
Overview
- 7 Units
- Property has 1 Level
Building Details
- Insurance Expense $4,368
- Water Sewer Expense $4,771
- Operating Expense $35,185
- Net Operating Income $94,205
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,275 | $362,600 | $121,700 | $240,900 |
| 2024 | $3,975 | $328,800 | $121,700 | $207,100 |
| 2023 | $4,107 | $316,900 | $121,700 | $195,200 |
| 2022 | $3,809 | $276,600 | $93,600 | $183,000 |
| 2021 | $3,746 | $258,500 | $89,200 | $169,300 |
| 2020 | $3,478 | $251,300 | $89,200 | $162,100 |
| 2019 | $3,134 | $241,600 | $89,200 | $152,400 |
| 2018 | $2,979 | $230,200 | $84,900 | $145,300 |
| 2017 | $2,970 | $219,500 | $84,900 | $134,600 |
| 2016 | $5,269 | $383,200 | $94,500 | $288,700 |
| 2015 | -- | $383,200 | $94,500 | $288,700 |
| 2014 | $5,014 | $378,100 | $94,500 | $283,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2025 09/29/25 | For Sale | $1,250,000 | +177.8% | $211 / Sq Ft |
| 04/03/2014 04/03/14 | Sold | $450,000 | -21.1% | $76 / Sq Ft |
| 03/04/2014 03/04/14 | Pending | -- | -- | -- |
| 01/08/2014 01/08/14 | For Sale | $570,000 | -- | $96 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $2,000,000 | None Available | |
| Quit Claim Deed | $450,000 | -- | |
| Deed | $450,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,400,000 | Commercial | |
| Previous Owner | $600,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73436897
APN: NBRI-000014-A000084
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