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226 S Main St 8 Unit Apartment Building $2,148,000 ($268,500/Unit) 6.93% Cap Rate Attleboro, MA 02703
Executive Summary
?? $100K PRICE DROP! ??
Big opportunity at 222–226 South Main St & 1 Mulberry St, Attleboro, MA.
??? Multi-Family | ?? Now $100,000 Less!
Don’t miss this investment opportunity! ??
Exceptional 8-unit investment opportunity featuring 3 buildings on 2 separate lots. Lot 1 includes 1 Mulberry, a 3-family triple-decker with spacious 2-bedroom units and separate utilities. Two units have been fully renovated with updated kitchens, baths, gas heat, electrical, and plumbing, while the third unit is in good rental condition. Also on Lot 1 is 222 South Main, a fully renovated 2-family property offering 2-bedroom units with separate utilities, updated kitchens and baths, new electrical and plumbing, gas HVAC systems, and central air.
Lot 2 consists of 224-226 South Main, a 3-family triple-decker with spacious 2-bedroom units, separate utilities, and extensive renovations throughout, including updated kitchens, baths, electrical, and plumbing. Properties have been well-maintained and offer strong rental appeal. Shared backyard for two of the buildings, plus a separate yard for 226 South Main. Conveniently located within walking distance to the train station, shopping, and local amenities. Excellent income-producing property with upside potential in current rents.
Big opportunity at 222–226 South Main St & 1 Mulberry St, Attleboro, MA.
??? Multi-Family | ?? Now $100,000 Less!
Don’t miss this investment opportunity! ??
Exceptional 8-unit investment opportunity featuring 3 buildings on 2 separate lots. Lot 1 includes 1 Mulberry, a 3-family triple-decker with spacious 2-bedroom units and separate utilities. Two units have been fully renovated with updated kitchens, baths, gas heat, electrical, and plumbing, while the third unit is in good rental condition. Also on Lot 1 is 222 South Main, a fully renovated 2-family property offering 2-bedroom units with separate utilities, updated kitchens and baths, new electrical and plumbing, gas HVAC systems, and central air.
Lot 2 consists of 224-226 South Main, a 3-family triple-decker with spacious 2-bedroom units, separate utilities, and extensive renovations throughout, including updated kitchens, baths, electrical, and plumbing. Properties have been well-maintained and offer strong rental appeal. Shared backyard for two of the buildings, plus a separate yard for 226 South Main. Conveniently located within walking distance to the train station, shopping, and local amenities. Excellent income-producing property with upside potential in current rents.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$184,400
|
$54.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$184,400
|
$54.22
|
| Taxes |
$16,556
|
$4.87
|
| Operating Expenses |
$19,029
|
$5.60
|
| Total Expenses |
$35,585
|
$10.46
|
| Net Operating Income |
$148,815
|
$43.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $184,400 |
| Annual Per SF | $54.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $184,400 |
| Annual Per SF | $54.22 |
| Taxes | |
|---|---|
| Annual | $16,556 |
| Annual Per SF | $4.87 |
| Operating Expenses | |
|---|---|
| Annual | $19,029 |
| Annual Per SF | $5.60 |
| Total Expenses | |
|---|---|
| Annual | $35,585 |
| Annual Per SF | $10.46 |
| Net Operating Income | |
|---|---|
| Annual | $148,815 |
| Annual Per SF | $43.76 |
Property Facts
| Price | $2,148,000 | Property Subtype | Apartment |
| Price Per Unit | $268,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.93% | Lot Size | 0.14 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 9,000 SF |
| Gross Rent Multiplier | 11.6 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2021 |
| Zoning | M - Triplex | ||
| Price | $2,148,000 |
| Price Per Unit | $268,500 |
| Sale Type | Investment |
| Cap Rate | 6.93% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 11.6 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2021 |
| Zoning | M - Triplex |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | ATTL-000045-000000-000002 | Total Assessment | $556,000 |
| Land Assessment | $110,000 | Annual Taxes | $16,556 ($1.84/SF) |
| Improvements Assessment | $446,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
ATTL-000045-000000-000002
Land Assessment
$110,000
Improvements Assessment
$446,000
Total Assessment
$556,000
Annual Taxes
$16,556 ($1.84/SF)
Tax Year
2025
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226 S Main St