612 Rathbun St, Blackstone MA 01504
Blackstone, MA 01504
$699,900
$599,900
Est. $3,856/month
About this home
Exceptional investment opportunity for investors seeking long-term value and future rental growth. Well-maintained 3-family featuring three spacious 3-bed units, each approximately 1,200 sq ft, with separate utilities, in-unit laundry hookups, basement storage, parking for 8+ vehicles, and a beautiful yard. Extensive infrastructure upgrades since 2020 include complete replacement of all knob-and-tube wiring, new electrical panels in each unit, all new PEX plumbing throughout, new PVC stack, new roof, 3 new hydroelectric water heaters, insulation improvements, hardwired smoke/CO detectors, updated common areas, and significant exterior/porch code and safety improvements. The first-floor unit also features a new 96% high-efficiency gas FHA furnace and central air. Long-term tenants with below-market rents offer substantial future income upside, while the extensive system improvements provide a strong foundation for continued ownership and value growth.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
14.3%
Price Range
Property Timeline
Price Reduced
Jun 19, 2026
$599,900
$100,000
(-14.29%)
From $699,900 to $599,900 (-14.3%)
Listed for Sale
May 11, 2026
$699,900
Original listing
Office: Engel & Volkers Oceanside
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/19/2026 | ↓ Price Reduced | $599,900 | $100,000 | - | From $699,900 to $599,900 (-14.3%) |
| 05/11/2026 | 🏠 Listed for Sale | $699,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $7,476 | $507,200 |
Financial Details
Annual Property Tax
$7,476
Tax Year 2026
Assessed Value
$507,200
Facts & Features
Central AC
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1925
Living Area
3,528 sq ft
Lot Size
0.31 acres
Bedrooms
9
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$700/mo · N
Unit 2 Rent
$800/mo · N
Unit 3 Rent
$775/mo · N
Total Monthly Rent
$2,275/mo
Gross Income
$27,300
Net Operating Income
$27,300
Cap Rate
4.55%
Interior
Heating
Forced Air, Natural Gas, Space Heater
Cooling
Central Air
Flooring
Wood, Hardwood, Tile
Appliances
Oven, Range
Fireplace
None
Basement
Full, Interior Entry, Bulkhead, Concrete
Laundry
Washer & Dryer Hookup
Features
Ceiling Fan(s), Pantry, Bathroom With Shower Stall, Living Room, Dining Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
None
Features
Balcony/deck
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
Covered
Parking
Features
Off Street
Total Spaces
10
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,476
Assessed Value
$507,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Refrigerators, Washers/dryers (in Units) Belong To The Tenants.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Worcester
Total market time (incl. prior listings)
63 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1925
Bedrooms
9
Full Bathrooms
3
Living Area
3,528 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,528 sq ft above grade
Display Options
Outdoor Areas
Patio & porchCovered
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:
Wood, Hardwood, Tile
Appliances:
Oven, Range
Interior Features:
Ceiling Fan(s), Pantry, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen
Windows:
Basement:
Full, Interior Entry, Bulkhead, Concrete
Laundry:
Washer & Dryer Hookup
Security:
Construction & Materials
Year Built:
1925
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas, Space Heater
Cooling:
Central Air
Hot Water:
Electric, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck
Patio & Porch:
Covered
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Corner Lot, Level
Road Surface:
Parking & Garage
Total Parking Spaces:
10
Parking Features:
Off Street
Nearby Schools
School District
Blackstone-Millville School District local
C
School Safety
2024-25
2.1%
Average
2.0%
Suspensions
0.3%
In-School
0.1%
Emergency
3.4% below state avg
Elementary Schools
3 schools
A
Joseph F DiPietro Elementary School
1.3 mi
|
#151 of 824
|
Score: 57.1
Improved 612 spots from last year
-1.1 below state avg
385 students
Diverse
Rising School
Grades PK-03
C+
A.F. Maloney Elementary School
2.4 mi
|
#537 of 824
|
Score: 43.5
Dropped 23 spots from last year
-14.8 below state avg
238 students
Moderate
Grades 04-05
B
John F Kennedy Elementary School
2.4 mi
|
#367 of 824
|
Score: 48.6
Dropped 98 spots from last year
-9.6 below state avg
115 students
Less Diverse
Grades PK
Middle Schools
2 schools
B
Frederick W. Hartnett Middle School
1.4 mi
|
#145 of 352
|
Score: 44.7
Improved 72 spots from last year
-13.5 below state avg
487 students
Moderate
Rising School
Grades 04-07
C+
Bellingham Memorial Middle School
4.2 mi
|
#231 of 352
|
Score: 38.2
Improved 9 spots from last year
-20 below state avg
586 students
Moderate
Grades 04-07
High Schools
3 schools
Keough Memorial Academy
1.3 mi
29 students
Less Diverse
Grades 07-12
C
Blackstone Millville Regional High School
2.0 mi
|
#248 of 346
|
Score: 46.3
Dropped 105 spots from last year
-11.9 below state avg
534 students
Moderate
College Ready Curriculum
Grades 08-12
B-
Bellingham High School
4.2 mi
|
#201 of 346
|
Score: 51.4
Improved 26 spots from last year
-6.8 below state avg
740 students
Moderate
16 sports
• 1,234 athletes
Rising School
College Ready Curriculum
Strong Athletics
Grades 08-12
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Loan Amount
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After down payment
Total Interest
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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
$623
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
612 Rathbun St, Blackstone MA 01504
Blackstone, MA 01504
Listing Information
Listing Agent
DiSpirito Team
Listing Office
Engel & Volkers Oceanside
Office Phone
401-638-0010
Agent MLS ID
TM348791
Office MLS ID
AN6902
Listing Data Updated
Jul 13, 2026 11:05 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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