About this home

An excellent opportunity for an investor seeking immediate rental income with value-add potential. Currently generating $4,700/month ($56,400 annually) in rental income, with an approximately 8%+ projected cap rate based on current income and operating expenses. Tenants pay all utilities except water/sewer. All tenants are month-to-month, providing a new owner flexibility with the existing tenancies. Four off-street parking spaces. Both units have their own washer and dryer. The property is currently occupied, livable, and income-generating, but it does need updating. The interior has received fresh paint in several areas, while the exterior would benefit from updated vinyl siding/wrapping. This creates a great value-add opportunity for an investor to improve the property over time and further increase rents. The property has consistently generated extremely strong rental demand and would be perfect for an owner-occupant. Sold as-is, but currently generating high income and always occupied.

Facts and features

Schools

• Lincoln-Thomson Elementary School

  elementary · K-5 · 0.2 mi

  4

• Breed Middle School

  middle · 6-8 · 0.3 mi

  3

• Classical High School

  high · 9-12 · 0.5 mi

  3

• Sacred Heart School

  elementary · K-5 · 0.5 mi

• William R Fallon Elementary School

  elementary · K-5 · 0.4 mi

  6

• Fecteau-Leary Junior/Senior High School

  middle · 6-12 · 1.3 mi

  1

Price history

• Oct 25, 2026 · Price Changed$549,900
• Sep 10, 2026 · Price Changed$579,900
• Aug 20, 2026 · Price Changed$599,000
• Jul 28, 2026 · Price Changed$625,000
• Jul 7, 2026 · Price Changed$649,900
• Jun 16, 2026 · Listed$685,000
• Nov 1, 2025 · Listing Removed$204,900
• Apr 30, 2020 · Sold$392,500

Where it is