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2-24 D Street 2-24 D St 12 Unit Apartment Building $3,100,000 ($258,333/Unit) 8.73% Cap Rate Whitinsville, MA 01588

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INVESTMENT HIGHLIGHTS

  • Access & Connectivity
  • Value-Add Potential & Vacancy
  • Off-Street Parking
  • Area Amenities & Demand Drivers
  • Separately Metered Utilities
  • Strong Rental Demographics & Demand

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment properties located at 2-12 and 14- 24 D Street in Northbridge, MA (the “Property”). The three-story buildings contain a total of twelve (12) 4-Bedroom/1-Bathroom direct-entry townhomes with 14,060 square feet of gross living area and 23,400 square feet of gross area. The Property is situated upon a 0.83-acre parcel and offers ample off-street parking with twenty-four (24) spaces available. 7/12 units were recently renovated with new kitchens featuring granite countertops, new bathrooms, and either new or refurbished flooring. 7/12 units are currently vacant allowing the buyer the opportunity to hand select quality tenants and achieve top of market rents. In place rents for the remaining 5 units are below the current market rents for comparable units in the area, offering the Buyer the potential to raise rents through programmatic upgrades to unit interiors. The cash flow for the property benefits from separately metered utilities except for municipal water and sewer. There is no common area electric expense as there are 12 separate basements and no common area. The Property is conveniently positioned within a residential neighborhood of Northbridge, offering strong accessibility and visibility near the town center. The property benefits from proximity to Route 122 and Route 146, ensuring efficient regional connectivity to Worcester, Providence, and Greater Boston. A variety of nearby retail, dining, and community amenities further support tenant appeal and overall livability in this well-connected Blackstone Valley location. More than 19,200 people live within 3 miles of the Property with an average household income of $146,802.

PROPERTY FACTS

Price $3,100,000
Price Per Unit $258,333
Sale Type Investment
Cap Rate 8.73%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.83 AC
Building Size 23,400 SF
No. Stories 3
Year Built 1915
Parking Ratio 1.03/1,000 SF
Zoning R5

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Tub/Shower
  • Smoke Free

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • NBRI-000006-A000117
  • NBRI-000006-A000116
Land Assessment
$332,700
Improvements Assessment
$1,289,600
Total Assessment
$1,622,300
  • Listing ID: 38228156

  • Date on Market: 10/27/2025

  • Last Updated:

  • Address: 2-24 D St, Whitinsville, MA 01588

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