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293 School St 68 Unit Apartment Building $2,550,000 ($37,500/Unit) 6.77% Cap Rate Stoughton, MA 02072
EXECUTIVE SUMMARY
Two separate buildings make up 289-293 School Street. 289 School School consists of a two units (2 BR/1BA and 1BR/1BA) and 293 School Street consists of six units (2BR,1 BA). All units are separately metered with the tenants responsible for their own utilities (electricity and gas heat), while the Landlord is responsible for common area electric and water and sewer. In-place rents are strong and the opportunity exists to acquire a great multifamily asset with strong rental histories in a prime South Shore location. The Property benefits from it's location walking distance to Stoughton center and the Commuter Rail train station, it is close to Route 24 and 138 and a short ride to many surrounding retail complexes in Randolph, Avon and Brockton. Owner also selling another six unit multifamily in Stoughton that could be purchased together; inquire for more details.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $37,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 6.77% | Building Size | 6,411 SF |
| No. Units | 68 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1945 |
| Zoning | RU, Stoughton | ||
| Price | $2,550,000 |
| Price Per Unit | $37,500 |
| Sale Type | Investment |
| Cap Rate | 6.77% |
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,411 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1945 |
| Zoning | RU, Stoughton |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | $2,200 | 800 |
| 1+1 | 1 | $2,500 | 650 |
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PROPERTY TAXES
| Parcel Number | STOU-000042-000132 | Total Assessment | $1,244,200 (2025) |
| Land Assessment | $210,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,033,700 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
STOU-000042-000132
Land Assessment
$210,500 (2025)
Improvements Assessment
$1,033,700 (2025)
Total Assessment
$1,244,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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293 School St
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