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The Farmhouse Residences 26 Main St 9 Unit Apartment Building For Sale Kingston, MA 02364
Investment Highlights
- Stable income with low turnover and historical vacancy
- Full renovation in 2016
- Low operating costs
- Ancillary income from on-site washer and dryer
Executive Summary
Farmhouse Residences is a well-maintained 9-unit multifamily asset featuring 100% occupancy, long-tenured residents, recent capital improvements, ancillary laundry income, and a strong NOI of $165,496. With operating expenses below 20%, minimal turnover, and convenient access to Route 3, Route 3A, Kingston Station, and Cape Cod Bay, the property offers investors durable, low-maintenance cash flow and secure rental income.
Property Facts
| Sale Type | Investment | Lot Size | 0.50 AC |
| No. Units | 9 | Building Size | 7,813 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1900/2016 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 7,813 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2016 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | KING-000068-000072 | Improvements Assessment | $674,500 |
| Land Assessment | $216,000 | Total Assessment | $890,500 |
Property Taxes
Parcel Number
KING-000068-000072
Land Assessment
$216,000
Improvements Assessment
$674,500
Total Assessment
$890,500
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