Exceptional investment opportunity for investors seeking long-term value and future rental growth. Well-maintained 3-family featuring three spacious 3-bed units, each approximately 1,200 sq ft, with separate utilities, in-unit laundry hookups, basement storage, parking for 8+ vehicles, and a beautiful yard. Extensive infrastructure upgrades since 2020 include complete replacement of all knob-and-tube wiring, new electrical panels in each unit, all new PEX plumbing throughout, new PVC stack, new roof, 3 new hydroelectric water heaters, insulation improvements, hardwired smoke/CO detectors, updated common areas, and significant exterior/porch code and safety improvements. The first-floor unit also features a new 96% high-efficiency gas FHA furnace and central air. Long-term tenants with below-market rents offer substantial future income upside, while the extensive system improvements provide a strong foundation for continued ownership and value growth.
Multi-familyProperty Type
1925Year Built
0.31 acresLot Size
$170Price/Sq.Ft.
10 spacesParking
Listed by DiSpirito Team• Engel & Volkers Oceanside
Listed by DiSpirito Team• Engel & Volkers Oceanside
Exceptional investment opportunity for investors seeking long-term value and future rental growth. Well-maintained 3-family featuring three spacious 3-bed units, each approximately 1,200 sq ft, with separate utilities, in-unit laundry hookups, basement storage, parking for 8+ vehicles, and a beautiful yard. Extensive infrastructure upgrades since 2020 include complete replacement of all knob-and-tube wiring, new electrical panels in each unit, all new PEX plumbing throughout, new PVC stack, new roof, 3 new hydroelectric water heaters, insulation improvements, hardwired smoke/CO detectors, updated common areas, and significant exterior/porch code and safety improvements. The first-floor unit also features a new 96% high-efficiency gas FHA furnace and central air. Long-term tenants with below-market rents offer substantial future income upside, while the extensive system improvements provide a strong foundation for continued ownership and value growth.
Year
Property tax
Land + Additions
Assessment*
2023
$5,356 (+7.4%)
$145,800 + $185,200
$331,000
2022
$4,987 (+9.1%)
$114,800 + $163,800
$278,600
2021
$4,571 (+8.1%)
$118,300 + $125,900
$244,200
2020
$4,230 (+10.4%)
$105,600 + $118,700
$224,300
2019
$3,831 (+9.8%)
$93,800 + $108,800
$202,600
2018
$3,489 (+9.1%)
$101,500 + $77,500
$179,000
2017
$3,199 (+12.1%)
$101,500 + $64,600
$166,100
2015
$2,854 (+3.4%)
$97,700 + $48,800
$146,500
2014
$2,759 (−1.4%)
$97,700 + $48,800
$146,500
2013
$2,797 (+10.4%)
$101,400 + $54,100
$155,500
2012
$2,533 (−4.7%)
$89,000 + $60,700
$149,700
2011
$2,657 (−24.0%)
$119,700 + $51,600
$171,300
2010
$3,494 (−0.2%)
$130,600 + $118,100
$248,700
2009
$3,502
$118,400 + $161,300
$279,700
Public record
Beds
9
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
0.31 Acres
Year renovated
—
Finished Sq. Ft.
3,528
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,528
Year built
1925
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
3445597
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
6/10 Wind Factor
64% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Blackstone, MA • 01504
Average low and high temperatures (°F)
33
18
36
19
51
31
60
39
68
49
80
59
83
65
79
57
74
54
63
43
52
34
38
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 612 Rathbun St
$584,341
$16K under list price of $600K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $585K to $763K.