159 Park St, Athol, MA 01331
159 Park St, Athol, MA 01331
159 Park St, Athol, MA 01331
159 Park St, Athol, MA 01331
159 Park St, Athol, MA 01331
159 Park St, Athol, MA 01331
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Jesiane Fernandes

Jesiane Fernandes

+1(401) 359-6364
$ 1,250,000
Est. payment | /mo

16 Beds

11 Baths

7,211 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

16 Beds

11 Baths

7,211 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 7,211 sqft

Price per Sqft $173

MLS Listing ID 73565928

Bedrooms 16

Full Baths 11

Year Built 1880

Annual Tax Amount $7,823

Tax Year 2026

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

An 11-unit, two-building multifamily asset held on a single 0.26-acre parcel in Athol's village center. Ten of eleven units are currently occupied, generating approximately $12,000 per month in collections. Applying a conservative 35% operating expense load, in-place net operating income of approximately $93,600 supports an as-is capitalization rate of 7.5% at the asking price — a going-in return available on day one, before any repositioning. The two buildings comprise 7,211 square feet of living area. Both are wood-frame construction over full basements. A detached garage structure on the parcel provides additional income potential and utility, and coin-operated laundry in the basement generates ancillary revenue beyond scheduled rents. Tenants are responsible for heat and electricity. Four units have been recently renovated. The single vacancy offers immediate lease-up upside without renovation risk, and in-place rents sit around current Athol submarket benchmarks. Occupancy has strengthened over the current ownership period, demonstrating absorption at scale in a submarket where comparable multifamily inventory is limited. Both buildings are carried under one parcel and one tax bill — Assessor Map 32, Lot 169 — simplifying acquisition, financing, title work, and ongoing administration relative to a two-property portfolio. FY2026 real estate taxes are $7,823 on an assessed value of $617,500, against Athol's single tax rate of $12.67 per $1,000. Athol anchors the North Quabbin region with direct Route 2 access to Gardner, Fitchburg, and Greenfield. The subject sits in the village center within walking distance of Main Street services, supporting consistent tenant demand at workforce rent levels. Financial package, rent roll, and property records available to qualified parties.

Location

State MA

County Worcester

Zoning RA

Direction Pop it in your GPS and go!

Rooms

Basement Concrete, Slab, Unfinished

Exterior

Garage Spaces 6.0

Total Parking Spaces 27

Garage Yes

Building

Lot Description Corner Lot

Story 2

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by The Hive Real Estate LLC
Jesiane Fernandes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(401) 359-6364

kriolahomes@gmail.com

843 Reservoir Ave, Cranston, RI 02910-4443, USA

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159 Park St