About this home
Prime multifamily investment opportunity in the heart of Downtown Rockland. Ideally situated a short distance from Main Street, banks, professional offices, restaurants, shopping, and the waterfront harbor, this well-maintained property offers both convenience and long-term investment appeal. The property consists of four one-bedroom residential units and has established a strong history of occupancy, providing investors with a stable and reliable income stream. Its desirable downtown location, consistent rental demand, and proximity to Rockland's business district and harbor make this an exceptional opportunity for both seasoned and first-time investors seeking a quality income-producing asset with long-term appreciation potential. Each unit is separately metered for water, sewer and electricity. Heat consists of Rinnai heaters. Individual propane tanks for each unit.
Listing last checked: Listing updated:
Listed by Listing Agent · SVN The Masiello Group · MLS #1673005
Request property information
Select a document to start a request. You can add others in the form. Availability varies.
Details at a glance
Interior3 property facts
- Heating
- Propane, Forced Air
- Cooling
- None
- Flooring
- Carpet, Vinyl, Wood
Building5 property facts
- Style
- Other
- Year built
- 1900
- Garage
- 0
- Foundation
- Stone
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.2 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Res. A
Financial2 property facts
- Annual taxes
- $5,010
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $395,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,415 / monthAdjust
- Principal & interest
- $1,997
- Property tax
- $418
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,010. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Explore more of Rockland
Continue your search in Rockland.
Need help making sense of this home?
About 12 Grace Street
Can I request a private showing?
Request a tour of 12 Grace Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.