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Rogers Common Apartment 42 Rogers 20 Unit Apartment Building For Sale Tewksbury, MA 01876
Executive Summary
Northeast Private Client Group, Inc. is pleased to present Rogers Commons, a 20-unit
multifamily community at 42 Rogers Street in Tewksbury, Massachusetts. The property
sits in the Merrimack Valley at the northern edge of Greater Boston, minutes from
downtown Lowell and near the crossroads of Interstate 495 and Interstate 93.
The community comprises twenty identical two-bedroom, one-and-a-half-bath
residences, each a two-story layout with a finished garage, built in 2005 on a 1.26-acre
lot. The uniform floor plans simplify leasing, renovation scope, and rent standardization.
Residents pay their own heat, electricity, and water and sewer, while ownership covers
only trash, common-area electric, and routine repairs and landscaping.
In-place rents at Rogers Commons sit below the levels the building itself has already
proven, leaving a clear path to higher income as leases roll to market. Because tenants
carry heat, electricity, and water and sewer, the owner’s controllable expense load stays
light — an efficient operating profile for a stabilized, uniformly configured asset that was
leased in its entirety at the time of underwriting.
Rogers Commons offers a stabilized, fully leased multifamily investment with proven
rent upside, a light landlord expense structure, and a Merrimack Valley location minutes
from downtown Lowell and the Interstate 495 and Interstate 93 corridor. Please reach
out to the deal contacts for more information.
multifamily community at 42 Rogers Street in Tewksbury, Massachusetts. The property
sits in the Merrimack Valley at the northern edge of Greater Boston, minutes from
downtown Lowell and near the crossroads of Interstate 495 and Interstate 93.
The community comprises twenty identical two-bedroom, one-and-a-half-bath
residences, each a two-story layout with a finished garage, built in 2005 on a 1.26-acre
lot. The uniform floor plans simplify leasing, renovation scope, and rent standardization.
Residents pay their own heat, electricity, and water and sewer, while ownership covers
only trash, common-area electric, and routine repairs and landscaping.
In-place rents at Rogers Commons sit below the levels the building itself has already
proven, leaving a clear path to higher income as leases roll to market. Because tenants
carry heat, electricity, and water and sewer, the owner’s controllable expense load stays
light — an efficient operating profile for a stabilized, uniformly configured asset that was
leased in its entirety at the time of underwriting.
Rogers Commons offers a stabilized, fully leased multifamily investment with proven
rent upside, a light landlord expense structure, and a Merrimack Valley location minutes
from downtown Lowell and the Interstate 495 and Interstate 93 corridor. Please reach
out to the deal contacts for more information.
Property Facts
| Sale Type | Investment | Lot Size | 3.00 AC |
| No. Units | 20 | Building Size | 19,588 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2004 |
| Building Class | C | Parking Ratio | 2.04/1,000 SF |
| Zoning | R | ||
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 19,588 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | R |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 5 | - | 1,500 |
| 2+2 | 15 | - | 1,250 - 1,500 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | TEWK-000034-000000-000116 | Improvements Assessment | $3,405,200 |
| Land Assessment | $692,000 | Total Assessment | $4,097,200 |
Property Taxes
Parcel Number
TEWK-000034-000000-000116
Land Assessment
$692,000
Improvements Assessment
$3,405,200
Total Assessment
$4,097,200
Contacts
-
Drew Kirkland -
Francis Saenz -
James Casey -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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