272-274 Tower Street, Saint John
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:1945)
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Property details for 272-274 Tower Street, Saint John
- Type
- Multi-family
- Living Area
- 3,600 square feet
- Lot Size
- 9988.91
- Stories
- 2
- Heating
- Oil
- Exterior
- Vinyl, Aluminum siding
- Ownership
- Freehold
- Annual Taxes
- $5,633
Nearby Listings Stat
Estimated price and comparable properties near 272-274 Tower Street
Active Listings
98
Min Price
$21,900
Max Price
$1,739,900
Avg Price
$412,350
Days on Market
121
days
Sold Listings
40
Min Sold Price
$60,000
Max Sold Price
$1,800,000
Avg Sold Price
$474,008
Days until Sold
86
days
Neighbourhood Census Data
Saint John, New Brunswick / Nouveau-Brunswick
Population
266
Median Age
44.8
Median Income
$30,272
Dwelling Value
$100,127
Housing Tenure
Owners 58%
Renters 38%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 2,211.1/km²
Avg Shelter Cost: $920/mo
Owners with Mortgage: 60%
English only: 90.6%
English and French: 11.3%
Median Household Income: $52,480
Median Employment Income: $27,776
Price History
Listed
August 26, 2026
by RE/MAX Professionals
Current Price
$529,900
Type
Multi-family
For Sale
