About this home
Rare opportunity to acquire an 11-unit multifamily investment property consisting of two separate buildings—a 5-unit and a 6-unit—on a single parcel. The property offers a strong combination of existing rental income, multiple income streams, and long-term investment potential. Tenants are responsible for their own heat, hot water, and electricity, helping to minimize owner-paid utility expenses. Additional features include coin-operated laundry, full basements in both buildings, and a detached six-bay garage, providing additional income and storage potential. The property features a diverse unit mix consisting of [6] one-bedroom units and [5]two-bedroom units.Current gross monthly rental income is approximately $11,925, or $143,100 annually, with additional potential income available through the garages and laundry
Listing last checked: Listing updated:
Listed by Michael Videtta · The Hive Real Estate LLC · MLS #73565928
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Details at a glance
Interior2 property facts
- Rooms
- 49
- Basement
- Yes · Concrete, Slab, Unfinished
Building5 property facts
- Style
- 5+ Family - 5+ Units Up/Down
- Year built
- 1880
- Garage
- 6
- Parking
- 21
- Foundation
- Block
Land & utilities5 property facts
- Lot size
- 0.26 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- RA
Financial2 property facts
- Annual taxes
- $7,823
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,250,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,973 / monthAdjust
- Principal & interest
- $6,321
- Property tax
- $652
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $7,823. 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.
More property insights
Automated value estimate $1,286,501
Estimated range $1,184,798–$1,388,203.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: below average
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About 159 Park St
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