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Warren Apartments 2303 Main St 13 Unit Apartment Building $1,850,000 ($142,308/Unit) 7.99% Cap Rate West Warren, MA 01092
EXECUTIVE SUMMARY
2303 Main Street – West Warren, Massachusetts presents investors with an opportunity to acquire a well-performing 13-unit multifamily asset at an attractive ~8% going-in cap rate, with clear value-add upside remaining.
The property consists of:
1 × 3-Bedroom Unit
10 × 2-Bedroom Units
2 × 1-Bedroom Units
Operational efficiency is enhanced through separately metered utilities and off-street parking, helping control expenses while supporting long-term tenant retention. The current income profile allows an investor to step into immediate cash flow, while future upside exists through rent growth, operational improvements, and market-driven increases.
This asset is well-suited for both cash-flow-focused investors and value-add operators seeking yield with stability.
The property consists of:
1 × 3-Bedroom Unit
10 × 2-Bedroom Units
2 × 1-Bedroom Units
Operational efficiency is enhanced through separately metered utilities and off-street parking, helping control expenses while supporting long-term tenant retention. The current income profile allows an investor to step into immediate cash flow, while future upside exists through rent growth, operational improvements, and market-driven increases.
This asset is well-suited for both cash-flow-focused investors and value-add operators seeking yield with stability.
PROPERTY FACTS
| Price | $1,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $142,308 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 7.99% | Building Size | 8,800 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | V, Warren | ||
| Price | $1,850,000 |
| Price Per Unit | $142,308 |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 8,800 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 2/1,000 SF |
| Zoning | V, Warren |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 500 |
| 2+1 | 10 | - | 700 |
| 3+1 | 1 | - | 1,000 |
1 1
PROPERTY TAXES
| Parcel Number | WARR-000020-000000-000080 | Improvements Assessment | $769,100 |
| Land Assessment | $48,300 | Total Assessment | $817,400 |
PROPERTY TAXES
Parcel Number
WARR-000020-000000-000080
Land Assessment
$48,300
Improvements Assessment
$769,100
Total Assessment
$817,400
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Warren Apartments | 2303 Main St
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