18-20 North High Street
$1,585,000
7
Beds
4
Baths
4,154
Sqft
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$1,585,000
7
Beds
4
Baths
4,154
Living Area
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Property Description
Rarely does a stabilized four-family come to market with this combination of location, income, and upside. Positioned steps from Cedar Park and the commuter rail, this well-maintained asset delivers immediate cash flow with a clear value-add runway. The building offers 4,154 sq ft across four fully occupied units: three identical 1-bed/1-bath apartments and one, two-level 3-bed/1-bath renovated within the last year. The total rent income is $8,925/month, major systems have been upgraded and utilities separated out to each unit. Cosmetic upgrades for the two, first floor units present a straightforward path to bring rents to market upon turnover. Four off-street parking spaces, coin-op laundry, and consistent capital improvements over the past decade round out a compelling profile. For the long-term holder or condo converter, this is the kind of north-of-Boston multifamily with lots of potentials hard to overlook.
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Highlights
- Heating: Baseboard, Natural Gas, Unit Control
- Parking Spots: 4
- Property Type: 4 Family
- Total Rooms: 17
- Status: Active
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
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Additional Details
- Appliances: Range, Disposal, Refrigerator, Range Hood, Dishwasher
- Construction: Frame, Stone
- Foundation: Stone
- Lot Features: Gentle Sloping
- Roof: Shingle
- Total Number of Units: 4
- Year Built Source: Public Records
- Basement: Partial, Walk-Out Access, Concrete, Unfinished
- Flooring: Hardwood
- Interior Features: Storage, Bathroom With Tub & Shower, Pantry, Remodeled, Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Ura
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Laundromat, Conservation Area, Private School, Public School
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $965,900
- Tax Year: 2025
- Total Rent: $8,950
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $11,079
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Listing information provided courtesy of Newell Realty.
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