NOT LISTED FOR SALE
12 Beds
6 Baths
6,222 Sq Ft
6,834 Sq Ft Lot

Sale Details

Date Sold: September 3, 2024

Last sale price $1,025,000 $165 Per Sq Ft

18 Days on Market

Highlights

  • Medical Services
  • Park
  • 1-minute walk to Grant Square
  • Property is near public transit and schools

About This Home

As of September 2024

This well-maintained 6-unit property is comprised of six spacious 2-bedroom/1-bathroom units, totaling 6,222 sq ft of living space. Notably, all units are separately metered for heat, hot water, and electricity. A new roof has been recently installed, and all units hold lead certificates. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of nearly $9,900 monthly. The property is centrally located, placing it is less than a mile from WPI and a short drive from all downtown amenities. It is directly across from Grant Square Park, offering 1.7 acres of recreational area. List price is a 7.73 cap rate on current.

Last Agent to Sell the Property

Ethan Lazar

Horvath & Tremblay Listed on: 03/20/2024

Co-Listed By

Dennis Kelleher

Horvath & Tremblay

Last Buyer's Agent

Ethan Lazar

Horvath & Tremblay Listed on: 03/20/2024

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,129

Year Built

  • Built in 1927

Lot Details

  • 6,834 Sq Ft Lot
  • Sloped Lot

Parking

  • Open Parking

Home Design

  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 6,222 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Location

  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $9,895
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number 1762066

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services

Recreation

  • Park

Building Details

  • Electric Expense $660
  • Insurance Expense $6,072
  • Water Sewer Expense $5,416
  • Operating Expense $28,777
  • Net Operating Income $84,976

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,129

Year Built

Built in 1927

Lot Details

6,834 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1927
  • Buyer Agency Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full
  • Living Area: 6222
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN2723
  • MAIN SO: AN2723

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Medical Facility, Highway Access, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 5416

Lot Info

  • Parcel Number: 1762066
  • Zoning: RG-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Sloped
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6834
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11129

Multi Family

  • Electric Expense: 660
  • Insurance Expense: 6072
  • Net Operating Income: 84976
  • Number Of Units Total: 6
  • Operating Expense: 28777
  • Total Actual Rent: 9895
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Aug 27, 2024
Sold by
Bought by
Seller's Agent
Ethan Lazar
Horvath & Tremblay
Buyer's Agent
Ethan Lazar
Horvath & Tremblay
List Price
$1,100,000
Sold Price
$1,025,000
Premium/Discount to List
-$75,000
-6.82%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$661,481
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 7, 2021
Sold by
Bought by
Seller's Agent
Danielle Goes
Mega Realty Services
Buyer's Agent
Lori Poirier
Coldwell Banker Realty - Franklin
List Price
$859,000
Sold Price
$834,000
Premium/Discount to List
-$25,000
-2.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%

Purchase Details

Listed on
Nov 16, 2016
Closed on
Jun 15, 2017
Sold by
Bought by
Seller's Agent
David Stead
RE/MAX Partners
Buyer's Agent
Alexandria Puzio
Century 21 XSELL REALTY
List Price
$499,900
Sold Price
$470,000
Premium/Discount to List
-$29,900
-5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.75%
Original Mortgage
$352,500
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,025,000 None Available
$834,000 None Available
$470,000 --
-- --
$375,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $675,000
Previous Owner $625,500
Closed $352,500
Previous Owner $245,000
Previous Owner $175,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2024 09/03/24 Sold $1,025,000 -6.8% $165 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,100,000 +31.9% $177 / Sq Ft
05/14/2021 05/14/21 Sold $834,000 -2.9% $134 / Sq Ft View Prior Sale
04/22/2021 04/22/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $859,000 +82.8% $138 / Sq Ft
06/15/2017 06/15/17 Sold $470,000 -6.0% $76 / Sq Ft View Prior Sale
03/27/2017 03/27/17 Pending -- -- --
12/12/2016 12/12/16 For Sale $499,900 0.0% $80 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
12/09/2016 12/09/16 For Sale $499,900 0.0% $80 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
11/25/2016 11/25/16 For Sale $499,900 0.0% $80 / Sq Ft
11/18/2016 11/18/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $499,900 -- $80 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,358 $936,900 $87,000 $849,900
2024 $11,129 $809,400 $87,000 $722,400
2023 $12,223 $852,400 $47,400 $805,000
2022 $11,344 $745,800 $37,900 $707,900
2021 $9,250 $568,200 $28,200 $540,000
2020 $7,665 $450,900 $28,200 $422,700
2019 $7,729 $429,400 $27,000 $402,400
2018 $7,885 $417,000 $27,000 $390,000
2017 $7,208 $375,000 $27,000 $348,000
2016 $7,451 $361,500 $43,200 $318,300
2015 $6,994 $348,500 $30,200 $318,300
2014 $6,810 $348,500 $30,200 $318,300
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73214513

MLS Property Information Network (MLS PIN)
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