Active
2 Days on market
39 School St Rockland — Photo 1 of 35

39 School St Rockland — Photo 1 of 35

$699,900

39 School St, Rockland, MA 02370

Rockland, MA 02370

Beds

4

Baths

2

SqFt

2,251

Style

Multi Family

Built

1880

Welcome to 39 School Street, an exceptional multi-family opportunity perfectly positioned in the heart of Rockland! Whether you are searching for the ideal owner-occupied home where rental income helps pay your mortgage, or a rock-solid, turnkey addition to your investment portfolio, this property delivers on all fronts.The building features two spacious 2-bedroom, 1-bathroom units with a truly incredible track record: **100% occupancy for the last 12 years**. Both units are currently generating reliable income but are rented well below current market rates for the downtown area. With no long-term leases currently in place, the new owner has ultimate flexibility and immediate upside potential to adjust rents to market value or easily transition into one of the units.**Incredible Expansion Potential:** Looking to maximize your investment? Unit 2 offers a massive value-add opportunity with a walk-up third-floor attic just waiting to be finished. By completing this space, you can effortlessly expand Unit 2 into a sprawling two-level, 3-to-4-bedroom layout. This creates the ultimate owner-occupied sanctuary, giving you a massive multi-floor living space while the lower unit pays the bills.Location is everything, and this home offers an unbeatable lifestyle just a stone's throw from Rockland’s vibrant Main Street. You and your tenants will absolutely love the awesome downtown vibe, offering the convenience of leaving the car at home to take a very short stroll to local coffee shops, fantastic restaurants, and great shopping.Don't miss out on this fantastic opportunity to invest in a proven income-generator with massive untapped equity potential in one of Rockland's most walkable and desirable neighborhoods!Location is everything, and this home offers an unbeatable lifestyle just a stone's throw from Rockland’s vibrant Main Street.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$311/sqft
Local Avg (Rockland)$378/sqft
18% BelowMarket Average

* Analysis is based on 19 actively listed and recently sold comparable properties strictly within Rockland, MA.

Property Details

Financials

Original Price$699,900
Annual Taxes$7,633

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms10
FireplacesNone
FlooringWood, Carpet, Varies, Hardwood, Tile
BasementInterior Entry, Bulkhead, Dirt Floor, Concrete, Unfinished

Climate & Utilities

HeatingHot Water, Natural Gas, Individual, Unit Control
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Post & Beam
RoofShingle
FoundationConcrete Perimeter, Stone, Irregular
ZoningResidentia

Property & Lot

Acres0.18
SqFt Lot7,640
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Washer • Dryer • Refrigerator

Neighborhood

Public Transportation • Shopping • Laundromat • Public School

Geography

Population

17,701

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

Median Household Income

$112K

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

Renter-Occupied Homes

23.5%

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

New Construction Permits — Plymouth County

1,023 housing units permitted in the last 12 months (+11% vs the prior 12 months) — 113 in 5+ unit buildings

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

Listing Provided By

Listing Agent: Jeff Parkhurst

Listing Office: Century 21 North East

MLS® Number: 73573701

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