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31-37 Leicester St 7 Unit Apartment Building $1,100,000 ($157,143/Unit) North Oxford, MA 01537
Investment Highlights
- Route 56 between Routes 12 and Route 20. High Visibility area.
- Great commuting location.
- Below market rents. Great potential for income. All tenants but one are T.A.W.
- Cash flow increase!
Executive Summary
Exceptional visibility and easy access to Route 20 and Route 12 make this a rare opportunity in a high-traffic corridor. This mixed-use property offers seven total units, including two single-family residences, a commercial storefront, and a four-unit residential building. The residential mix includes four one-bedroom apartments totaling 2,860 SF, a two-bedroom home with garage bays at 1,165 SF, and a charming 400 SF studio home. The 1,654 SF commercial space is occupied by a long-term tenant, providing stability. With plenty of off-street parking, .61 acres of land, and strong rental income potential, this property is ideal for investors seeking both cash flow and appreciation in a strategic commuter location. Coin op laundry in the four-unit building. Apt 1 $1400, Apt 2 $1525, Apt 3 $1250, Apt 4 $1475, Stone house $500, Store: $2000, Single Family w/garage $2000.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$121,800
|
$21.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$121,800
|
$21.45
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $121,800 |
| Annual Per SF | $21.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $121,800 |
| Annual Per SF | $21.45 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Property Taxes
| Parcel Number | OXFO-000008A-000000-C000008 | Improvements Assessment | $552,700 |
| Land Assessment | $83,600 | Total Assessment | $636,300 |
Property Taxes
Parcel Number
OXFO-000008A-000000-C000008
Land Assessment
$83,600
Improvements Assessment
$552,700
Total Assessment
$636,300
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31-37 Leicester St
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