50 Exchange St, Athol MA 01331
Athol, MA 01331
$699,900
$625,000
Est. $3,711/month
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
10.7%
Price Range
Property Timeline
Price Reduced
Aug 5, 2026
$625,000
$74,900
(-10.7%)
From $699,900 to $625,000 (-10.7%)
Listed for Sale
Jul 15, 2026
$699,900
Original listing
Agent: The Fredette Group
Office: Keller Williams Realty-Merrimack
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/05/2026 | ↓ Price Reduced | $625,000 | $74,900 | - | From $699,900 to $625,000 (-10.7%) |
| 07/15/2026 | 🏠 Listed for Sale | $699,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $4,203 | $331,740 |
Financial Details
Annual Property Tax
$4,203
Tax Year 2026
Assessed Value
$331,740
Facts & Features
1 Car Garage
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1900
Living Area
5,914 sq ft
Lot Size
0.09 acres
Bedrooms
7
Full Baths
7
Total Rooms
22
Investment Metrics
Units
6
Unit 1 Rent
— · N
Unit 2 Rent
$750/mo · N
Unit 3 Rent
$600/mo · N
Unit 4 Rent
— · N
Total Monthly Rent
$1,350/mo
Gross Income
$25,800
Net Operating Income
$8,132
Operating Expenses
$17,668
Water/Sewer Expense
$2,670
Insurance Expense
$8,000
Cap Rate
1.30%
Interior
Heating
None
Cooling
None
Flooring
Vinyl, Carpet, Parquet
Appliances
None
Fireplace
None
Basement
Full, Interior Entry, Garage Access, Concrete
Laundry
Electric Dryer Hookup, Washer Hookup
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Patio, Covered
Parking
Garage Spaces
1
Has Garage
Yes
Features
Paved Drive, Paved
Total Spaces
6
Utilities
Electric
100 Amp Service, Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Dryer, Washer Hookup, Varies Per Unit
Financial
Annual Tax
$4,203
Assessed Value
$331,740
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Estate Sale
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White/Tan
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
25 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
7
Full Bathrooms
7
Living Area
5,914 sq ft
Total Rooms
22
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,914 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPatio, Covered
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Vinyl, Carpet, Parquet
Appliances:
Interior Features:
Windows:
Basement:
Full, Interior Entry, Garage Access, Concrete
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Stone, Brick/Mortar
Stories:
5
Heating, Cooling & Utilities
Heating:
Heating Zones:
7
Cooling:
Hot Water:
Oil
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Patio, Covered
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
6
Parking Features:
Paved Drive, Paved
Nearby Schools
School District
Athol-Royalston School District local
F
School Safety
2024-25
10.0%
Above Average
7.2%
Suspensions
5.2%
In-School
2.8%
Emergency
4.5% above state avg
Elementary Schools
2 schools
C
Athol Community Elementary School
1.5 mi
|
#654 of 824
|
Score: 38.2
Dropped 16 spots from last year
-20 below state avg
589 students
Moderate
Grades PK-04
D
Fisher Hill School
4.0 mi
|
#781 of 824
|
Score: 30.3
Dropped 156 spots from last year
-27.9 below state avg
494 students
Moderate
Strong Attendance
Grades PK-06
Middle Schools
1 school
F
Athol-Royalston Middle School
1.7 mi
|
#340 of 352
|
Score: 26.5
Improved 7 spots from last year
-31.8 below state avg
446 students
Moderate
Grades 05-08
High Schools
2 schools
C-
Athol High School
1.6 mi
|
#285 of 346
|
Score: 42.4
Improved 19 spots from last year
-15.8 below state avg
417 students
Moderate
13 sports
• 640 athletes
Early College Program
College Ready Curriculum
Grades 09-12
C
Ralph C Mahar Regional School
3.8 mi
|
#264 of 346
|
Score: 45.0
Improved 45 spots from last year
-13.2 below state avg
509 students
Moderate
Rising School
College Ready Curriculum
Grades 07-12
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$350
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
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$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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Current Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
50 Exchange St, Athol MA 01331
Athol, MA 01331
Listing Information
Listing Agent
The Fredette Group
Listing Office
Keller Williams Realty-Merrimack
Office Phone
978-692-3280
Agent MLS ID
TM346263
Office MLS ID
G95166
Listing Data Updated
Aug 9, 2026 4:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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