$1,245,000
$1,299,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
18 Beds
6 Baths
7,520 SqFt
SOLD DATE : 01/12/2026
Key Details
Sold Price $1,245,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 7,520 sqft
Price per Sqft $165
MLS Listing ID 73358630
Sold Date 01/12/26
Bedrooms 18
Full Baths 6
Year Built 1920
Annual Tax Amount $7,629
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Don't miss this rare opportunity to own a well-performing six-family property in a desirable location near the Methuen line, offered at $1,299,000. Each of the six spacious units features 3 bedrooms and 1 full bath, appealing to quality tenants. Three units have been updated within the past two years, adding value and rental upside.Tenants pay their own utilities, keeping owner expenses low and maximizing cash flow. The property also offers approximately 8 off-street parking spaces, a major perk in this area. Conveniently located near shopping, dining, and major highways, this turnkey property delivers both strong rental income and long-term investment potential.
Location
State MA
County Essex
Zoning R2
Direction Water St to Riverside Dr. At the corner of Texas Ave and Riverside Dr.
Rooms
Basement Full, Interior Entry, Concrete, Unfinished
Interior
Flooring Varies
Exterior
Community Features Public Transportation, Park, Highway Access
Utilities Available for Electric Range
Roof Type Rubber
Total Parking Spaces 8
Garage No
Building
Lot Description Corner Lot
Story 5
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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