612 Rathbun Street Blackstone

$699,900
9 3 5,406 sq ft

The Property

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.

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Listing Details

MLS Number

1412342

Lot Size:

0.31 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished, Storage Space, Utility
  • Bus
  • Commuter Bus
  • Hospital
  • Private School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Porch
  • Heating: Natural Gas, Central Air, Forced Air, Space Heater
  • Heating Fuel: Natural Gas, Central Air, Forced Air, Space Heater
  • Laundry
  • Corner Lot
  • Fenced
  • Year Built: 1925

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Market Trends for Single Family Homes
in Blackstone

  • Overview
    Homes for Sale Today2-92.6% decrease in inventory
    New on Market *2100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$194.28$194 increase in List Price/Sq.Ft.
    Avg. Sale Price *$403,000$82,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *94.85%-3.2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$256.36$97 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *7812 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Engel & Volkers Oceanside

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