56 Morton Station Road, Charlton, MA 01507
MULTI_FAMILY - Charlton, MA
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 5:06 pm
Property Features for 56 Morton Station Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A
- Bedrooms
- 11
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 11, Bedroom 9, Bedroom 10, Bathroom 6, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 4
- Parking
- 10
- Standard status
- Active
- APN
- 1479472
- Size
- 5,084 SF
- Lot size
- 3.44 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6739
Building Details
- Year built
- 1960
- Floors in Building
- 5
- Number of units
- 6
Listing agent Jeff Burk License #453001487 (508) 595-9900
Listing office RE/MAX Vision 25 Union Street, Worcester, MA (508) 595-9900
Listing date Jun 25, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 6‑unit apartment building built in 1960 on 3.44 acres
- Unit mix: 5 two‑bedroom apartments and 1 one‑bedroom apartment
- First‑floor 2BR unit is handicap accessible from the parking lot at the rear of the building
- Laundry facilities located in the basement for tenant use
- Tenant at will in place; 2 apartments currently on lease at $1,500 per month
Overview
The building is located off Route 20, down a country road within a residential district characterized predominantly by single-family homes. Parking is available off the rear of the building, where the accessible entrance is also located. Long-term occupants are tenant at will, with two apartments currently on a lease at $1,500 per month. The property offers easy access to local shopping and conveniences.
For buyers seeking a small multifamily asset, this configuration provides a mix of two-bedroom and one-bedroom units within a single, straightforward building plan. The presence of an accessible first-floor unit and on-site laundry can support everyday tenant needs, while the current mix of tenant-at-will and leased apartments may offer operational flexibility for an owner.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.6k | $21.96 |
| − Vacancy | −$2.9k | −$0.57 |
| EGI | $108.7k | $21.39 |
| − OpEx | −$48.9k | −$9.63 |
| NOI | $59.8k | $11.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Charlton
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.941888
- Latitude
- 42.13572
