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Home Massachusetts Multi-Family Homes for Sale

83 Summit St Rockland, MA 02370
22 Days on Jacob Realty
17
$850,000
Total Beds: 6 Total Baths: 4
Total Units: 4 SQFT: 2438
LOT size: 0.33 Acres
83 Summit St
Rockland, MA 02370
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Property Description

83 Summit Street consists of a two-story building containing two (2) 1-Bedroom/1-Bathroom units and two (2) 2-Bedroom/1 Bathroom with 2,438 square feet of gross living area in 3,957 total gross square feet. The Property is situated upon a 0.33-acre parcel on a corner lot with eight (8) off-street parking spaces for residents. Numerous capital improvements have been completed under current ownership. Upgrades include new kitchens and bathrooms in 2 of 4 units, newer roof, siding and water heaters on an as needed basis. The Property is separately metered for electricity and hot water which the tenants pay directly. The Landlord is responsible for oil-fired heat, and domestic water and sewer. In-place rents are significantly below the current market rates; the opportunity exists to increase income via programmatic updates to the unrenovated units and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.
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Property Details

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Gross Operating Income: 61560
  • Gross Expenses: 29216
  • Net Operating Income: 32344

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1860
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73436893
  • Last Updated: 10/03/25

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Map

Seller's Representative: Jason Kulik, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-10-03 03:05:00

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