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135 Main St 135 Main St 34 Unit Apartment Building $8,100,000 ($238,235/Unit) 6.45% Cap Rate Upton, MA 01568

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INVESTMENT HIGHLIGHTS

  • Access & Connectivity
  • Recent Renovation & Improvments
  • Strong Rental Demographics & Demand
  • Area Amenities & Demand Drivers
  • Off-Street Parking & Amenities
  • Quality of Life Amenities

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 135 Main Street in Upton, MA (the “Property”). The multi-story building contains thirty-four (34) total units comprised of twenty-two (22) 1-Bedroom/1-Bathroom units and twelve (12) 2-Bedroom/1-Bathroom units with 22,233 square feet of gross living area and 33,507 square feet of gross area. The Property is situated on a 2.04-acre parcel and offers ample parking with sixty-six (66) spaces available. 135 Main Street is well situated along Upton’s primary commercial corridor, offering excellent visibility and accessibility within the town center. The property benefits from its central position near the intersection of Main Street (Route 140) and Milford Street (Route 16), providing direct connections to surrounding residential neighborhoods and nearby communities including Milford, Grafton, and Hopkinton. The Property, previously known as The Upton Inn, has undergone significant renovations since its acquisition in August of 2024. This has included renovations of most units including new kitchens and bathrooms with condo quality finishes, updated flooring as well as painting of the units’ interiors. 135 Main Street, which is sprinklered in the building’s common areas, features an elevator and has had significant capital upgrades as well which include a new roof, new vinyl siding, updated common areas as well as re-paving of the entire parking areas. The property also features an onsite laundry room for tenants.

PROPERTY FACTS

Price $8,100,000
Price Per Unit $238,235
Sale Type Investment
Cap Rate 6.45%
No. Units 34
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 2.04 AC
Building Size 33,507 SF
Average Occupancy 94%
No. Stories 4
Year Built 1911
Parking Ratio 1.97/1,000 SF
Zoning 3 - Residential

AMENITIES

UNIT AMENITIES

  • Dishwasher
  • Kitchen
  • Refrigerator
  • Oven

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 22 - 600
2+1 12 - 750

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
UPTO-000204-000000-000012
Land Assessment
$1,020,000
Improvements Assessment
$1,325,300
Total Assessment
$2,345,300
  • Listing ID: 38321500

  • Date on Market: 11/4/2025

  • Last Updated:

  • Address: 135 Main St, Upton, MA 01568

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