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Outstanding value add investment opportunity in the heart of Athol! This 6/7 unit multifamily features 6 spacious 1 bed 1bath apartments with a completed 7th unit ready to add additional income once a second means of egress is installed to become compliant. Three units are currently occupied, while the remaining units are vacant, offering the next owner the flexibility to complete renovations, make light cosmetic updates or lease quickly at current market rents for immediate cash flow. The property includes a 1-car garage, carport, common laundry & an in unit washer & dryer in the first-floor apartment. Each unit is separately metered for electricity, while the owner pays heat & hot water. A newly installed fire monitoring system provides added peace of mind. Whether you're looking to reposition the property for maximum value or stabilize it with strong rental income, this property offers significant upside & long-term investment potential in a convenient downtown location.

More Info

Basic Information

  • Gross Income $25,800
  • Lot Features Level
  • Mls StatusActive
  • Parcel Number M:0030 B:0261 L:0000,1448230

Tax Information

  • Tax Assessed Value $331,740
  • Tax Year 2026
  • Taxes$4,203

Parking

  • Covered Spaces 1
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Paved
  • Parking Spaces6

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 7
  • Bedrooms7
  • Full Bath7

Basic Information

  • List Price$699,900
  • MLS Number73550203
  • Modification Date07/19/2026
  • Property SubType5-9 Family

Location

  • Address50 Exchange Street
  • Building Number50
  • CountyWorcester
  • StateMA
  • StreetExchange Street
  • TownAthol
  • Zip01331

Building

  • BasementFull, Interior Entry, Garage Access, Concrete
  • Building Area Units Square Feet
  • FoundationStone, Brick/Mortar
  • Garage Spaces1
  • Levels 5
  • Patio And Porch Features Patio, Covered
  • Rooms22
  • Stories5
  • Units6
  • Utilities For Electric Range, For Electric Dryer, Washer Hookup, Varies Per Unit
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.09

Interior

  • Flooring Vinyl, Carpet, Parquet

Exterior

  • Exterior Features Rain Gutters
  • RoofShingle

Utilities

  • Electric 100 Amp Service, Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 5,914
  • Lot Size Square Feet 4,092
  • Lot Size Units Acres
  • Square Feet5,914

Amenities

  • Amenities
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • Walk/Jog Trails
  • Other AmenitiesBasement, Golf

Legal

  • ZoningCA

Other

  • Date Listed07/15/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by The Fredette Group of Keller Williams Realty-Merrimack

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