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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.

More Info

Basic Information

  • Gross Income $144,000
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number 1448810

Location

  • Address159 Park Street
  • Building Number159
  • CountyWorcester
  • StateMA
  • StreetPark Street
  • TownAthol
  • Zip01331

Property Information

  • Building Area Source Public Records
  • Living Area 7,211
  • Lot Size Square Feet 11,325
  • Lot Size Units Acres
  • Square Feet7,211

Tax Information

  • Tax Assessed Value $617,500
  • Tax Year 2026
  • Taxes$7,823

Basic Information

  • List Price$1,250,000
  • MLS Number73565928
  • Modification Date08/19/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.26

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Other AmenitiesBasement

Other

  • Date Listed08/20/2026
  • Farm Land Area Units Square Feet

Parking

  • Covered Spaces 6
  • Garage YN Yes
  • Parking Spaces21

Rooms

  • Bathroom11
  • Bathrooms Total Decimal 11
  • Bedrooms16
  • Full Bath11

Building

  • BasementConcrete, Slab, Unfinished
  • Building Area Units Square Feet
  • FoundationBlock
  • Garage Spaces6
  • Levels 2
  • Rooms49
  • Stories2
  • Units11
  • Year Built1880
  • Year Built Details Approximate
  • Year Built Source Public Records

Map Location

Listed by Michael Videtta of The Hive Real Estate LLC

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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