Listing Notes
Rare Investment Opportunity: Multi-Family This isn't just another listing; it's a once-in-a-lifetime opportunity to secure a high-performing asset with built-in growth potential. Whether you are looking for a turnkey rental machine or a project with a massive upside, this property delivers on every front. Property Highlights Current Configuration: Legal two-family residence. Major Renovations (2010): Peace of mind comes standard. The property underwent a comprehensive overhaul in 2010, including: Updated Plumbing: Modernized throughout. Upgraded Electric: Total system overhaul. New Sheetrock: Clean, modern finishes in both units. Mechanicals: Equipped with high-efficiency Separate boilers in both units. Utilities: Separate electric meters for each unit, keeping overhead low and management simple. Financials & Value Add Current Rent Roll: Generating a robust $6,700 per month. Why This Property? The heavy lifting has already been done. With the major systems updated and a strong existing rent roll, you can collect a premium income from day one while pursuing the third-unit conversion. Multi-family properties with this level of upkeep. Investor Note: High demand and a proven income stream make this an ideal candidate for 1031 exchanges or a cornerstone for any real estate portfolio. Don't wait-opportunities with this much "meat on the bone" disappear fast.
Price in context
Cheaper than 33% of the 24 homes listed nearby right now, which run $525,000 to $1,250,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 187 Urban Ave | $525,000 | 3 bd · 1 ba |
| 518 Benine Rd | $549,000 | 3 bd · 3 ba |
| 36 Barrington St | $600,000 | 3 bd · 3 ba |
| 216 Swalm St Apt A | $640,000 | 3 bd · 2 ba |
| $659,000 | 5 bd · 2 ba | |
| 863 Prospect Ave | $670,000 | 4 bd · 2 ba |
| 273 Monitor St | $729,000 | 4 bd · 4 ba |
| 858 Oliver Ave | $735,000 | 5 bd · 2 ba |
| 359 Magnolia Ave | $750,000 | 4 bd · 3 ba |
| 535 Cross St | $768,000 | 3 bd · 3 ba |
| 380 Sheridan St | $775,000 | 5 bd · 2 ba |
| 318 Cross St Unit 2 | $788,000 | 2 bd · 3 ba |
| 577 Lowell St | $799,999 | 4 bd · 3 ba |
| 606 Blair Dr | $829,998 | 3 bd · 3 ba |
| 3 Columbia St | $848,000 | 3 bd · 1 ba |
| 234 Winthrop Ave | $848,000 | 5 bd · 2 ba |
| 621 Oxford St | $899,000 | 4 bd · 4 ba |
| 906 Bromton Dr | $933,000 | 3 bd · 3 ba |
| 537 Livingston St | $940,000 | 4 bd · 3 ba |
| 49 Middlecamp Rd | $949,000 | 4 bd · 3 ba |
| 952 Roxbury Dr | $995,000 | 4 bd · 3 ba |
| 1822 Kent St | $1,087,000 | 3 bd · 3 ba |
| 353A Winthrop St | $1,099,000 | 4 bd · 3 ba |
| 909 Berkshire Dr | $1,250,000 | 3 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more