Turnkey investment opportunity! This fully occupied five-family property features five one-bedroom apartments with separate utilities. Tenants are responsible for their own utility expenses, offering an efficient setup for the new owner. Each apartment received new flooring and a new electric hot water heater approximately four years ago. A paved driveway, also completed about four years ago, provides convenient off-street parking. A great opportunity to add an income-producing multifamily property to your portfolio.
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Fisher Hill School
Public PreK-6 • Assigned • 0.8mi
3/10
Ralph C Mahar Regional School
Public 7-12 • Assigned • 0.9mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Living room
Kitchen
Total of 15 rooms
Bathrooms
5 full bathrooms
Kitchen
Range
Refrigerator
Heating & cooling
Electric heating
Heating in 5 units
Exterior features
Porch
Cleared, level lot
Lake/pond nearby with public beach access
Paved public road frontage (publicly maintained)
Home design
5-9 family property
5 stories
Parking
10 off-street parking spaces
Construction
Frame construction
Shingle roof
Approximate year built (per public records)
Utilities
Public water
Public sewer
Electric for oven
HOA & community
Community features include public transportation, shopping, parks, walk/jog trails, stables, golf, medical facility, laundromat, conservation area, house of worship, and public school
Not a senior community
Financial info
Building area approximately 2,920 total
Lot about 0.24 acre
Other
Property is currently leased (multiple units indicated as leased)
Electricity and solar
View estimated energy costs and solar savings for this home
Attention Investors! Fully occupied Turn Key Five Family with Separate Utilities and Off Street Parking. All 1 Bedroom units. Perfect for an investor looking to add units to the portfolio. 5 stoves and 5 refrigerators passing with the sale
MLS PIN #70026692
Jun 18, 2004
Sold
$199,900
$68/sq ft
Apr 29, 2004
Listed
$199,900
$68/sq ft
ALL SEPARATE UTILITIES. LONG TERM TENANTS. GOOD CONDITION. LEAD COMPLIANCE CERT. LOW MAINTENANCE. CURRENTLY NETS $18,000, COULD BE $21,000. SUBJECT TO 1031 TAX EXCHANGE.
MLS PIN #17090598
May 2, 1994
Sold
$107,400
$37/sq ft
Jan 21, 1994
Listed
$119,000
$41/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$3,770 (+13.0%)
$50,000 + $159,900
$209,900
2022
$3,335 (−0.8%)
$50,000 + $124,400
$174,400
2021
$3,362 (+7.4%)
$42,100 + $125,600
$167,700
2020
$3,129 (−1.0%)
$38,400 + $115,500
$153,900
2019
$3,160 (+14.0%)
$33,200 + $107,100
$140,300
2018
$2,773 (+3.4%)
$31,000 + $95,400
$126,400
2017
$2,683 (−20.8%)
$31,000 + $95,400
$126,400
2016
$3,387 (+1.9%)
$27,700 + $128,400
$156,100
2015
$3,325 (+5.2%)
$29,600 + $130,500
$160,100
2014
$3,160
$29,600 + $130,500
$160,100
2013
$3,160 (−9.5%)
$29,600 + $138,500
$168,100
2012
$3,492 (+3.7%)
$29,600 + $167,800
$197,400
2011
$3,367
$31,400 + $171,700
$203,100
Public record
Public record
Permits
Beds
5
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
10,454 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,268
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,268
Year built
1910
Style
Multi-Family (5+ Unit)
County
Franklin County
APN
3314590
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Sep 4, 2025 • Final
Residential
Remove an existing fused electrical panel in the basement and install a new main breaker panel to meet safety codes and regulations.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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
4/10 Heat Factor
8 days above 94° expected this year, 18 days in 30 years
4/10 Wind Factor
15% 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
Orange, MA • 01364
Average low and high temperatures (°F)
29
12
33
13
48
27
59
36
67
46
79
56
83
62
80
55
74
50
60
39
49
30
34
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Orange. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1 Cheney St
There isn’t enough information to generate an accurate estimate at this time. Learn More