125 Days on market
612 Rathbun St Blackstone — Photo 1 of 41

612 Rathbun St Blackstone — Photo 1 of 41

Recent Drop: $100,000

$699,900
$599,900

$599,900

612 Rathbun St, Blackstone, MA 01504

Blackstone, MA 01504

Beds

9

Baths

3

SqFt

3,528

Style

3 Family

Built

1925

Exceptional investment opportunity for investors seeking long-term value and future rental growth. Well-maintained 3-family featuring three spacious 3-bed units, each approximately 1,200 sq ft, with separate utilities, in-unit laundry hookups, basement storage, parking for 8+ vehicles, and a beautiful yard. Extensive infrastructure upgrades since 2020 include complete replacement of all knob-and-tube wiring, new electrical panels in each unit, all new PEX plumbing throughout, new PVC stack, new roof, 3 new hydroelectric water heaters, insulation improvements, hardwired smoke/CO detectors, updated common areas, and significant exterior/porch code and safety improvements. The first-floor unit also features a new 96% high-efficiency gas FHA furnace and central air. Long-term tenants with below-market rents offer substantial future income upside, while the extensive system improvements provide a strong foundation for continued ownership and value growth.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$170/sqft
Local Avg (Blackstone)$316/sqft
46% BelowMarket Average

* Analysis is based on 10 actively listed and recently sold comparable properties strictly within Blackstone, MA.

Property Details

Financials

Original Price$699,900
Annual Taxes$7,476

Parking

Garage0
Off-Street10

Interior Specifications

Total Rooms15
FireplacesNone
FlooringWood, Hardwood, Tile
BasementFull, Interior Entry, Bulkhead, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas, Space Heater
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
ZoningThreeFamC

Property & Lot

Acres0.31
SqFt Lot13,629
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Oven • Range

Geography

Property History

Price Drop
$599,900

Was $699,900

Jun 19, 2026

MLS® 73515975

Listed
$699,900

May 11, 2026

MLS® 73515975

Population

9,255

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$94K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

26.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Dispirito Team

Listing Office: Engel & Volkers East Greenwich

MLS® Number: 73515975

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