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113-115 Main St & 1 Foster St 8 Unit Apartment Building $975,000 ($121,875/Unit) 10.64% Cap Rate Pepperell, MA 01463
Investment Highlights
- Multi family consist of 6 residential units, 1 commercial office space and a detached house. Totaling 8 units.
- Licensed rooming house. All units are fully furnished except office space.
- 3rd floor walk up has potential for additional unit.
- Fully renovated kitchens and baths. New roof 2025. Off street parking. Coin operated laundry.
- Public water, sewer and gas.
- Commercial office unit rents for $900 a month.
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 |
$135,600
|
$42.06
|
| Other Income |
$500
|
$0.16
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$136,100
|
$42.21
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,406
|
$10.05
|
| Net Operating Income |
$103,694
|
$32.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $135,600 |
| Annual Per SF | $42.06 |
| Other Income | |
|---|---|
| Annual | $500 |
| Annual Per SF | $0.16 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $136,100 |
| Annual Per SF | $42.21 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $32,406 |
| Annual Per SF | $10.05 |
| Net Operating Income | |
|---|---|
| Annual | $103,694 |
| Annual Per SF | $32.16 |
Property Facts
| Price | $975,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $121,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.01 AC |
| Cap Rate | 10.64% | Building Size | 3,224 SF |
| Gross Rent Multiplier | 9.8 | Average Occupancy | 99% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
| Property Subtype | Apartment | ||
| Zoning | Commercial/Residential - Multi use building licensed rooming house on the 2nd floor. Commercial rental on the first floor and a detached rental house. | ||
| Price | $975,000 |
| Price Per Unit | $121,875 |
| Sale Type | Investment |
| Cap Rate | 10.64% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| 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 licensed rooming house on the 2nd floor. Commercial rental on the first floor and a detached rental house. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Attic
- Basement
- Double Pane Windows
- Framed Mirrors
- Handrails
- Linen Closet
- Pantry
- Porch
- Smoke Free
- Window Coverings
Site Amenities
- Laundry Facilities
- Wi-Fi
- Storage Space
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,525 | - |
| Studios | 1 | $1,850 | - |
| 1+1.5 | 1 | $1,200 | - |
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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113-115 Main St & 1 Foster St