For Sale: 272-274 Tower Street, Saint John, NB

About this home

Here's an opportunity to get into multifamily real estate with five occupied units, off street parking, separate coin operated laundry, and an additional vacant lot included in the sale. Located on Saint John's West Side, this property is priced at $529,900, working out to just over $100K per unit, while the combined parcels offer an impressive 9,988.91 sq ft of land. The building features three 2 bedroom units and two 1 bedroom units, with all five currently occupied and generating a combined $5,725.75 in monthly rental income, or approximately $68,709 annually. Current rents range from $925 to $1400 per month, offering an investor an established income stream from day one. For the seasoned investor, this is a straightforward addition to a portfolio. For the first time investor, it offers a manageable way to step into multifamily ownership with multiple income streams under one roof. And then there's the land. The neighbouring vacant lot is included, giving the next owner nearly 10,000 sq ft across the combined property and opening the door to future possibilities, subject to the necessary approvals. Five units. Five income streams. Nearly 10,000 sq ft of land. One compelling opportunity to build your investment portfolio. (id:63626)

Listed by: Judy Mitchell, Salesperson, RE/MAX Professionals

Home facts and features

Price details

List Price

$529,900

Gross Taxes for 2026

$5,633

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

9988 ft²

Depth

Title

Freehold

Exterior Finish

Vinyl, Aluminum siding

Heating Type

Oil

Appliances

Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Judy Mitchell

Primary Broker

RE/MAX Professionals

Listing details

Days on REW

2 Days

MLS® Number

NB146431

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 3km

Beaconsfield Middle School

n/a
6 - 8
In Catchment

Seaside Park Elementary School

n/a
K - 5
In Catchment

Harbour View High School

n/a
9 - 12
In Catchment

Saint John High School

n/a
9 - 12
In Catchment

Saint Rose School

n/a
K - 5
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

Barnhill Memorial School

n/a
6 - 8
In Catchment

St. Malachy's Memorial High School

n/a
9 - 12
In Catchment

Divine Mercy Catholic School

n/a
K - 9
In Catchment

Prince Charles School

n/a
K - 8
In Catchment

272-274 Tower StreetSaint John, NB, E2M 1Z7