Active
21 Days on market
159 Park St Athol — Photo 1 of 20

159 Park St Athol — Photo 1 of 20

$1,250,000

159 Park St, Athol, MA 01331

Athol, MA 01331

Beds

16

Baths

11

SqFt

7,211

Style

5+ Family - 5+ Units Up/Down

Built

1880

Rare opportunity to acquire an 11-unit multifamily investment property consisting of two separate buildings—a 5-unit and a 6-unit—on a single parcel. The property offers a strong combination of existing rental income, multiple income streams, and long-term investment potential. Tenants are responsible for their own heat, hot water, and electricity, helping to minimize owner-paid utility expenses. Additional features include coin-operated laundry, full basements in both buildings, and a detached six-bay garage, providing additional income and storage potential. The property features a diverse unit mix consisting of [6] one-bedroom units and [5]two-bedroom units.Current gross monthly rental income is approximately $11,925, or $143,100 annually, with additional potential income available through the garages and laundry

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$173/sqft
Local Avg (Athol)$207/sqft
16% BelowMarket Average

* Analysis is based on 14 actively listed and recently sold comparable properties strictly within Athol, MA.

Property Details

Financials

Original Price$1,250,000
Annual Taxes$7,823

Parking

Garage6
Off-Street21

Interior Specifications

Total Rooms49
FireplacesNone
Flooring--
BasementConcrete, Slab, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock
ZoningRA

Property & Lot

Acres0.26
SqFt Lot11,325
Lot FeaturesCorner Lot

Geography

Population

13,922

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$72K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

25.1%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Michael Videtta

Listing Office: The Hive Real Estate LLC

MLS® Number: 73565928

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