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For Sale

Rogers Commons

42 Rogers Street,
Tewksbury, MA 01876
Represented by
Northeast Private Client Group

Asset Snapshot

Upper Mid-Scale
Multifamily Subtype
2002
Year Built
2
Floor Count
2
Building Count
1.25 Acres
Land Area
20 Units
Unit Count
27,500 SF
Property Size

Offering Summary

Investment Overview

ortheast Private Client Group, Inc. is pleased to present Rogers Commons, a 20-unit multifamily community at 42 Rogers Street in Tewksbury, Massachusetts. The property sits in the Merrimack Valley at the northern edge of Greater Boston, minutes from downtown Lowell and near the crossroads of Interstate 495 and Interstate 93. The community comprises twenty identical two-bedroom, one-and-a-half-bath residences, each a two-story layout with a finished garage, built in 2005 on a 1.26-acre lot. The uniform floor plans simplify leasing, renovation scope, and rent standardization. Residents pay their own heat, electricity, and water and sewer, while ownership covers only trash, common-area electric, and routine repairs and landscaping. In-place rents at Rogers Commons sit below the levels the building itself has already proven, leaving a clear path to higher income as leases roll to market. Because tenants carry heat, electricity, and water and sewer, the owner's controllable expense load stays light, an efficient operating profile for a stabilized, uniformly configured asset that was leased in its entirety at the time of underwriting. Rogers Commons offers a stabilized, fully leased multifamily investment with proven rent upside, a light landlord expense structure, and a Merrimack Valley location minutes from downtown Lowell and the Interstate 495 and Interstate 93 corridor. Please reach out to the deal contacts for more information.


Investment Highlights

  • Rents Below Proven Marks
  • Standardized Two-Bedroom Homes
  • Tenants Pay Their Own Utilities
  • Garaged Townhouse Residences
  • Minutes from Lowell
  • I-495 / I-93 Crossroads

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
Unlisted
Asking Price

Investment Sales Broker

Drew Kirkland
Northeast Private Client Group

Market Insights