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$849,000
Total Beds: 4 Total Baths: 3
Total Units: 3 SQFT: 1938
LOT size: 0.14 Acres
231-233 Vernon St
Rockland, MA 02370
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Property Description

OPEN HOUSE: Saturday, October 31, 2026, from 11:00 AM to 2:00 PM. No private showing…Excellent investment opportunity! Rare three-family property located in the heart of Rockland Center, offering immediate rental income. **All three units are currently occupied and rented through November 30, 2027**, generating a total of **$5,950 per month ($71,400 annually)**.Unit #1 features 1 bedroom and 1 bathroom, rented for $1,650/month. Unit #2 offers 1 bedroom and 1 bathroom, rented for $1,850/month. Unit #3 is a spacious 2-bedroom, 1-bathroom unit, rented for $2,450/month, featuring stainless steel appliances, an updated kitchen, and a deck completed approximately 6 years ago.The property offers **8 off-street parking spaces**, basement washer and dryer access, and separately metered gas and electricity for each unit. Major improvements include a roof replaced in 2019, a Burnham boiler replaced in 2010, and three water heaters, two less than 2 years old and the third approximately 8 years old.Conveniently located near shopping, restaurants, local Park & Ride, walking and biking trails, public transportation, and Route 3, while maintaining a quiet neighborhood setting. A great opportunity for investors seeking an income-producing multifamily property in a desirable Rockland location.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 2
  • Total Bedrooms: 4
  • Total Full Baths: 3
  • Basement Features: Full, Unfinished Basement

Financial

  • APOD Available: No
  • Gross Operating Income: 71400
  • Gross Expenses: 2300
  • Water/Sewer: 2400
  • INSC: 2300
  • RFS: 600
  • Net Operating Income: 71400

Utilities

  • Heat Zones: 3
  • Electric Info: 110 Volts, 200 Amps, On-Site
  • Utility Connections: for Electric Dryer, for Gas Dryer
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes

Construction

  • Year Built: 1930
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Fieldstone
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73596131
  • Last Updated: 11/01/26

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Map

Seller's Representative: Mina Shenouda, Keller Williams South Watuppa
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 2026-11-01 03:19:00

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