Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

159 Park St

Athol, MA ID #73565928

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159 Park St

- Athol, MA ID #73565928

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, Multi Family
  • Zip Code: 01331
  • Taxes: 7,823
  • Levels: 2
  • Acres: 0.26

Parking

  • Garage: 6
  • Garage Capacity: 6
  • Parking Spaces: 21

Rooms/Dimensions

  • Total Units: 11
  • Total Floors: 2
  • Total Rooms: 49
  • Has Basement: Yes

Location

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159 Park St, Athol, MA

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Michael Videtta of The Hive Real Estate LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.