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1 Foster St 1 Unit Apartment Building Offered at $1,114,000 at a 8% Cap Rate Pepperell, MA 01463
Investment Highlights
- Centrally located.
- Great cash flow.
- Coin operated laundry.
- Fully renovated.
- Ample parking.
Executive Summary
Ideal Opportunity for Investors or Owner-Occupants! This versatile mixed-use, commercial/multi-family property offers exceptional income potential and flexibility. All units have been fully renovated within the past three years, and are currently offered as furnished rentals, providing a true turnkey investment opportunity. providing modern finishes and low-maintenance ownership. Unit 1: Office space. Unit 2: One-bedroom apartment. Unit 3: Studio apartment. Second Floor: Four one-bedroom units. Detached Unit: Separate one-bedroom single-family home. Additional highlights include a large unfinished basement offering ample storage, coin-operated laundry for added income, and plenty of off-street parking. A bonus unfinished third floor presents excellent expansion potential—perfect for increasing value and rental income. Conveniently located near shopping and local amenities, this property is ideal for investors or owner-occupants seeking versatility, strong income potential, and long-term value.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$118,800
|
$36.85
|
| Other Income |
$600
|
$0.19
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,400
|
$37.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,746
|
$8.61
|
| Net Operating Income |
$91,654
|
$28.43
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $118,800 |
| Annual Per SF | $36.85 |
| Other Income | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.19 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $119,400 |
| Annual Per SF | $37.03 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $27,746 |
| Annual Per SF | $8.61 |
| Net Operating Income | |
|---|---|
| Annual | $91,654 |
| Annual Per SF | $28.43 |
Property Facts
| Price | $1,114,000 | Property Type | Multifamily |
| Price Per Unit | $1,114,000 | Lot Size | 0.01 AC |
| Sale Type | Investment | Building Size | 3,224 SF |
| Cap Rate | 8% | Average Occupancy | 99% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 9.8 | Year Built/Renovated | 1900/2022 |
| No. Units | 1 | ||
| Zoning | Commercial/Residential - Multi use building offer licensed rooming house on the 2nd floor. Commercial rental on the first floor and a detached rental house. | ||
| Price | $1,114,000 |
| Price Per Unit | $1,114,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.8 |
| No. Units | 1 |
| Property Type | Multifamily |
| Lot Size | 0.01 AC |
| Building Size | 3,224 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2022 |
| Zoning | Commercial/Residential - Multi use building offer licensed rooming house on the 2nd floor. Commercial rental on the first floor and a detached rental house. |
Amenities
Site Amenities
- Laundry Facilities
- Wi-Fi
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,750 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | PEPP-000023-000201 | Improvements Assessment | $402,400 |
| Land Assessment | $143,400 | Total Assessment | $545,800 |
Property Taxes
Parcel Number
PEPP-000023-000201
Land Assessment
$143,400
Improvements Assessment
$402,400
Total Assessment
$545,800
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1 Foster St