83 Summit St Rockland, MA 02370
Estimated payment $5,340/month
Highlights
- Golf Course Community
- Property is near public transit
- Jogging Path
- Medical Services
- Corner Lot
- Park
About This Home
83 Summit Street consists of a two-story building containing two (2) 1-Bedroom/1-Bathroom units and two (2) 2-Bedroom/1 Bathroom with 2,438 square feet of gross living area in 3,957 total gross square feet. The Property is situated upon a 0.33-acre parcel on a corner lot with eight (8) off-street parking spaces for residents. Numerous capital improvements have been completed under current ownership. Upgrades include new kitchens and bathrooms in 2 of 4 units, newer roof, siding and water heaters on an as needed basis. The Property is separately metered for electricity and hot water which the tenants pay directly. The Landlord is responsible for oil-fired heat, and domestic water and sewer. In-place rents are significantly below the current market rates; the opportunity exists to increase income via programmatic updates to the unrenovated units and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,000
Year Built
- Built in 1860
Lot Details
- 0.33 Acre Lot
- Corner Lot
Home Design
- Block Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,438 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- 8 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
- Assessor Parcel Number 1155685
Community Details
Overview
- 4 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
Building Details
- Operating Expense $29,216
- Net Operating Income $32,344
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2025 09/29/25 | For Sale | $850,000 | +84.8% | $349 / Sq Ft |
| 10/24/2017 10/24/17 | Sold | $460,000 | -6.1% | $189 / Sq Ft |
| 09/05/2017 09/05/17 | Pending | -- | -- | -- |
| 08/22/2017 08/22/17 | Price Changed | $489,900 | -2.0% | $201 / Sq Ft |
| 07/30/2017 07/30/17 | Price Changed | $499,900 | -4.8% | $205 / Sq Ft |
| 07/09/2017 07/09/17 | For Sale | $524,900 | -- | $215 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73436893
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