184 Lincoln Ave, Winchendon, MA 01475
$585,000
Showings begin with group showing this Friday, August 1st promptly at 5:00 p.m. Great Investment – 5-Family with Separate Utilities, This sought-after 5-family property is a prime investment opportunity. With total rents at $6,015 this offers over a 10% cap rate emphasizing its steady cash flow. Just a short distance from the Lake Dennison recreational area this property is located on a corner lot in a well-established neighborhood, it's close to shopping, schools, and area amenities. The property features separate utilities for each unit, with propane heating and new hot water tanks. Three of the five units have been fully revamped - two of which are in lease contracts. Two units offer washer/dryer hook-ups. The well-maintained common areas further add to the property’s appeal. This is a solid investment for those looking to add a multi-family property to their portfolio or an owner-occupant looking for rental income with future growth potential.
— MLSPIN #: 73411021| List Price: | $585,000 |
|---|---|
| Status: | New |
| MLS ID: | 73411021 |
| Town: | Winchendon |
| County: | Worcester |
| Zip: | 01475 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Bedrooms: | 7 |
| Full Baths: | 5 |
| Living Area: | 4,416 sqft |
| Acres: | 0.19 |
| Taxes: | 3,337 |
| Appliances: | Range, Refrigerator |
| Flooring: | Vinyl |
| Heating: | Natural Gas |
| Lot Features: | Corner Lot |
| Parking Features: | Off Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1900 |
| Roof: | Shingle, Rubber |
| Directions: | Central Street to Lincoln Ave |
| Foundation Details: | Block |
| Postal Code Plus4: | 1143 |
| Electric: | Circuit Breakers |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-07-30 |
| Heating?: | Yes |
| Lot Size Area: | 0.19 |
| Lot Size Square Feet: | 8,059 |
| Rooms Total: | 18 |
| Bathrooms Total Integer: | 5 |
| Basement: | true |
| Basement: | Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 4,416 |
| Community Features: | Shopping, Park, Walk/Jog Trails, House of Worship, Public School |
| Interior Features: | Living Room, Kitchen |
| Levels: | 5 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 5 |
| Parcel Number: | M:5A2 B:0 L:56, 3493400 |
| Road Frontage Type: | Public |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Zoning: | R4 |
| Stories Total: | 5 |
| Year Built Source: | Public Records |
| Electric Expense: | $300 |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $66,600 |
| Insurance Expense: | $5,544 |
| Apod Available: | Yes |
| Certificate Number: | 000000000007266 |
| Comp Based On: | Net Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 2 |
| Flrs 2: | 3 |
| Flrs 3: | 1 |
| Flrs 4: | 1 |
| Gre: | 10,224 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | No |
| Lease 4: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $132.47 |
| Page: | 366 |
| Price Per Sqft: | $132.47 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $58,620 |
| Operating Expense: | $10,224 |
| Original List Price: | $585,000 |
| Parking Total: | 5 |
| Tax Assessed Value: | $284,000 |
| Tax Year: | 2025 |
| Total Actual Rent: | $6,015 |
| Water Sewer Expense: | $2,580 |
| Year Built Details: | Approximate |
| Bedrms 1: | 2 |
| Bedrms 2: | 2 |
| Bedrms 3: | 2 |
| Bedrms 4: | 1 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| F Bths 4: | 1 |
| Rent1: | 1,400 |
| Rent2: | 1,450 |
| Rent3: | 1,115 |
| Rent4: | 850 |
| Above Grade Finished Area: | 4,416 |
| Living Area Source: | Public Record |
| Stories: | 5 |
Listing Courtesy of: Foster-Healey Real Estate
Listing Agent: Wendy Poudrette
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MLS Property Information Network, Inc. data last updated on August 01, 2025 01:33 PM
Property Last Updated: July 30, 2025 09:15 AM