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159 Park St Athol, MA 01331
16 Beds
11 Baths
7,211 SqFt
UPDATED:
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
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