Seller has assumable mortgage rate of 2.875% Market Value of monthly rental income: Over $7000! Whether you are an investor or homeowner looking for additional income or a mortgage helper, this property has so much to offer! Located near historic downtown Lancaster this impressive property offers 4 apartments, additional bonus area over garage, and an inground pool for residents to enjoy! The deck spaces offer a fantastic spot for morning coffee, watching the foliage change, and enjoying the summer months. The well-maintained apartments feature many upgrades and offer spacious living, thermal windows, efficient propane heat and beautiful views of the stunning backyard. The gorgeous main entryway provides convenient coin operated laundry for tenants and additional income. Each apartment has separately metered heat and hot water. The property offers plenty of off-street parking with a two-car garage, carport and large driveway
Multi-familyProperty Type
1900Year Built
2 acresLot Size
$207Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Mulryan and Maher Group• Lamacchia Realty, Inc.
This is not your typical 4-Family. Whether your an investor or a homeowner looking to have additional income to pay for the mortgage, this multi-family has so much to offer. Located on 2 acres of land near historic downtown Lancaster, this impressive property features an inground pool with crystal clear water for residents to enjoy. The multi-level decks offer a fantastic place for coffee in the morning and enjoying the summer and fall months. The well-maintained apartments feature upgraded kitchens, spacious rooms, thermal windows, and views to the beautiful backyard. Coin operated laundry for additional income. Separately metered heat, electric and hot water for each apt. 2 Car garage and carport. Plenty of off Street parking to accommodate all tenants and guest. Generator connection. A gross income of over $49,000 a year.
Year
Property tax
Land + Additions
Assessment*
2023
$9,069 (−11.8%)
$110,000 + $417,600
$527,600
2022
$10,281 (+0.7%)
$111,000 + $417,600
$528,600
2021
$10,214 (+26.1%)
$111,000 + $400,200
$511,200
2020
$8,099 (+10.2%)
$111,000 + $297,000
$408,000
2019
$7,349 (+3.3%)
$111,000 + $261,100
$372,100
2018
$7,115 (+32.6%)
$111,000 + $245,100
$356,100
2016
$5,365 (+4.4%)
$110,000 + $164,400
$274,400
2015
$5,138 (+5.2%)
$110,000 + $163,900
$273,900
2014
$4,884 (−1.4%)
$110,000 + $148,300
$258,300
2013
$4,955 (−3.4%)
$110,000 + $149,700
$259,700
2012
$5,131 (+1.0%)
$133,000 + $153,000
$286,000
2011
$5,081 (+0.8%)
$137,000 + $159,600
$296,600
2010
$5,040 (+3.2%)
$145,000 + $168,600
$313,600
2009
$4,885
$155,000 + $174,200
$329,200
Tax history for 56 Neck Rd
Year
Property tax
Land + Additions
Assessment*
2023
$9,069 (−11.8%)
$110,000 + $417,600
$527,600
2022
$10,281 (+0.7%)
$111,000 + $417,600
$528,600
2021
$10,214 (+26.1%)
$111,000 + $400,200
$511,200
2020
$8,099 (+10.2%)
$111,000 + $297,000
$408,000
2019
$7,349 (+3.3%)
$111,000 + $261,100
$372,100
2018
$7,115 (+32.6%)
$111,000 + $245,100
$356,100
2016
$5,365 (+4.4%)
$110,000 + $164,400
$274,400
2015
$5,138 (+5.2%)
$110,000 + $163,900
$273,900
2014
$4,884 (−1.4%)
$110,000 + $148,300
$258,300
2013
$4,955 (−3.4%)
$110,000 + $149,700
$259,700
2012
$5,131 (+1.0%)
$133,000 + $153,000
$286,000
2011
$5,081 (+0.8%)
$137,000 + $159,600
$296,600
2010
$5,040 (+3.2%)
$145,000 + $168,600
$313,600
2009
$4,885
$155,000 + $174,200
$329,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
2 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Worcester County
APN
3762810
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Property details
Parking
Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 2
# of Covered Spaces: 2
Parking Spaces: 8
Parking Features: Paved Drive, Off Street, Paved
Interior
Bathroom Information
# of Bathrooms (Full): 5
Basement Information
Basement: Full, Bulkhead, Concrete, Unfinished
Fireplace Information
Has Fireplace
# of Fireplaces (Total): 1
Fireplace Features: Wood Burning
Interior Features
# of Rooms (Total): 18
Door Features: Insulated Doors
Window Features: Insulated Windows
Flooring: Tile, Vinyl, Carpet
Interior Features: Laundry Room, Ceiling Fan(s), Pantry, Upgraded Countertops, Bathroom With Tub & Shower, Living Room, Kitchen, Dining Room
Exterior
Building Information
Building Area (Total): 4,005
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Approximate
Color: White
Exterior Features
Fencing: Fenced
Roof: Shingle
Patio And Porch Features: Porch, Deck
Exterior Features: Balcony/Deck
Pool Information
Pool Features: In Ground
Property Information
PropertySubType: 4 Family
Other Structures: Shed(s)
Lot Information
Lot Size (Acres): 2
Lot Features: Wooded, Cleared, Level
ViewYN: Has View
View: Scenic View(s)
Road Surface Type: Paved
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $9,069
Tax Year: 2023
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers, Individually Metered
Heating & Cooling
Has Heating
Heating: Natural Gas
Location
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 2
# of Floors: 2
Lease: N
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N
Unit #4 Information
# of Levels: 1
# of Floors: 1
Lease: N
Location Information
Directions: GPS
UnparsedAddress: 56 Neck Rd, Lancaster MA 01523
Community Information
Senior CommunityYN: No
Community Features: Conservation Area, Highway Access, Public School
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 2 acres
Style: Other
Year Built: —
Year Renovated: —
County: Worcester County
APN: 3762810
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Mary Rowlandson Elementary School
Public PreK-5 • Assigned • 1.1mi
6/10
Luther Burbank Middle School
Public 6-8 • Assigned • 1.1mi
8/10
Nashoba Regional High School
Public 9-12 • Assigned • 1.9mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
1% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 95° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Lancaster, MA • 01523
Average low and high temperatures (°F)
33
17
36
18
51
30
61
39
69
49
81
59
85
65
81
57
76
54
64
42
52
33
38
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$788,000 – $954,000
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