25
See all 25 photos
$585,000
Est. payment /mo
7 Beds
5 Baths
4,416 SqFt
New
184 Lincoln Ave Winchendon, MA 01475
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Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,416 sqft
Price per Sqft $132
MLS Listing ID 73411021
Bedrooms 7
Full Baths 5
Year Built 1900
Annual Tax Amount $3,337
Tax Year 2025
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type 5-9 Family
Property Description
Great Investment – 5-Family with Separate Utilities, This sought-after 5-family property is a prime investment opportunity. With total rents at $6,015 this offers over a 10% cap rate emphasizing its steady cash flow. Just a short distance from the Lake Dennison recreational area this property is located on a corner lot in a well-established neighborhood, it's close to shopping, schools, and area amenities. The property features separate utilities for each unit, with propane heating and new hot water tanks. Three of the five units have been fully revamped - two of which are in lease contracts. Two units offer washer/dryer hook-ups. The well-maintained common areas further add to the property's appeal. This is a solid investment for those looking to add a multi-family property to their portfolio or an owner-occupant looking for rental income with future growth potential.
Location
State MA
County Worcester
Zoning R4
Direction Central Street to Lincoln Ave
Rooms
Basement Unfinished
Interior
Interior Features Living Room, Kitchen
Heating Natural Gas
Flooring Vinyl
Appliance Range, Refrigerator
Exterior
Community Features Shopping, Park, Walk/Jog Trails, House of Worship, Public School
Roof Type Shingle,Rubber
Total Parking Spaces 5
Garage No
Building
Lot Description Corner Lot
Story 5
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Foster-Healey Real Estate