This well-located 6-unit property at 345 Park Avenue features a mix of four 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units, totaling 3,296 sq ft of living space. Four of the six units have been extensively renovated with granite countertops, new bathrooms, updated flooring, and modern finishes. All units are separately metered for gas heat, hot water, and electricity, with tenants paying their own utilities. The property includes six off-street parking spaces. There is an opportunity to strategically increase rents in a property already boasting a strong rent roll of $10,330 monthly. Ideally positioned on the edge of the Piedmont neighborhood, it’s just a block from the intersection of Park Avenue and Chandler Street and a short walk to Clark University, with WPI located just a mile away. With continued rent growth potential and strong rental demand driven by over 36,000 local students, 345 Park Avenue offers a compelling investment opportunity.
Listed by Ethan Lazar
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Horvath & Tremblay
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617-910-1219
Last updated September 01, 2025
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Source: MLSPin #73410330
Listing Facts
TypeMulti-family
NeighborhoodMain Middle
Bedrooms10
Bathrooms6
Days on Prevu40
Taxes$13,488/year
Size3,296 sqft
Price per sqft$364
Amenities
Parking
Location
Mortgage Calculator
Listing History
07/28/2025
Listed by Horvath & Tremblay
$1,200,000
Property Details for 345 Park Ave
Exterior
Construction
Number Of Units Total: 6
Stories: 6
Stories Total: 6
Year Built: 1890
Year Built Details: Approximate
Measurements
Building Area Total: 3,296
Building Area Units: Square Feet
Lot Size Acres: 0.11
Lot Size Area: 0
Lot Size Square Feet: 4,825
Lot Size Units: Acres
Financial
Residential Income
Gross Income: $123,960.00
Operating Expense: $31,494.00
Taxes
Parcel Number: M:06 B:012 L:00002,1767195
Tax Annual Amount: $13,488.00
Tax Assessed Value: $1,022,600.00
Tax Year: 2025
Interior
Measurements
Living Area: 3,296
Living Area Source: Public Record
Rooms
Bathrooms Full: 6
Bathrooms Total Integer: 6
Bedrooms Total: 10
Rooms Total: 26
Parking
Parking
Open Parking: Yes
Parking Features: Paved Drive, Off Street
Parking Total: 6
Utilities
Equipment
Sewer: Public Sewer
Water Source: Public
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