
612 Rathbun St Blackstone — Photo 1 of 41
Recent Drop: $100,000
$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
* Analysis is based on 10 actively listed and recently sold comparable properties strictly within Blackstone, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Oven • Range
Geography
Property History
$599,900
Was $699,900
Jun 19, 2026
MLS® 73515975
$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 Agent: Dispirito Team
Listing Office: Engel & Volkers East Greenwich
MLS® Number: 73515975
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