Prime Investment Opportunity - Fully Occupied 9-Unit Victorian on 2.5 Acres!This exceptional income-producing property features a beautifully maintained Victorian-style building with nine rental units--a mix of studios, four 1-bedroom units, and one spacious 2-bedroom apartment with open-concept kitchens. Situated on 2.5 acres, the property offers ample off-street parking for 15 cars, a coin-operated laundry, and a storage shed for added convenience.Key updates include a new natural gas furnace (to be installed) and a roof replacement in 2013. With full occupancy and strong rental demand, this is a turn-key opportunity for any savvy investor.

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Tax Information

Assessed Year2024
Assessment Amount$716,900
Tax Year2024
Taxes$8,058

Location

Address465 Chapel Street
CountyMiddle Registry
StateMA
StreetChapel
TownLee
VillageSouth Lee
Zip01238

Interior

FloorLinoleum, Wood
Interior AmenitiesPets Allowed

Property Information

Lot DescriptionPaved Drive
Lot Size Sq Ft108,900
Property StyleVictorian
Square Feet5,690
Unit StyleFlat

Other

Date Listed02/28/2025
Right to Farm CommYes
Year Built SourceAssessor
View Count5

School Information

Elementary SchoolLee
High SchoolLee
Junior HighLee

Basic Information

List Price$1,125,000
MLS Number245624
MLS StatusActive
Modification Date03/06/2025
Property TypeMultiFamily

Property

Acreage2.5
ZoningMulti, Residential

Utilities

Electric Type100 Amp
Heat SystemFurnace, Steam
Heating FuelNat Gas
Heating System Number1
Hot WaterNat Gas
Hot Water System Number1
SewerPublic

Water Body

Water AccessPublic

Parking

Parking Spaces
Parking Spaces TypeOff Street

Rooms

Bathroom9
Bedrooms9
Full Bath9
Rooms16

Building

BasementUnfinished, Exterior Entrance, Concrete Floor, Bulk head, Interior Access
Building ConstructionWood Frame
Year Built1880

Exterior

Exterior SidingClapboard
RoofAsphalt, Membrane

Amenities

Accessibility Amenities1st Fl Bdrm, 1st Flr Bdrm w/Bath, 1st Flr Full Bath
Appliances IncludedWasher, Dryer, Range, Refrigerator
Exterior AmenitiesLighting, Trash Private, Outbuilding
Internet ServiceCable Available
LaundryIn Basement, Coin Op
Other AmenitiesBasement

Based on information submitted to BCMLS as of March 23, 2025 . All data is obtained from various sources and has not been, and will not be, verified by broker or BCMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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465 Chapel StreetLee, MA 01238MLS Number 245624

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465 Chapel StreetLee, MA 01238MLS Number 245624

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