83 Summit St Rockland, MA 02370
Estimated payment $5,313/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. Unit 4 is currently vacant. 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 $29,432
- Net Operating Income $39,328
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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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