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Investment Highlights

  • 3 existing residential units
  • Strong potential for increased rental income
  • Significant value-add opportunity

Executive Summary

Value-add multifamily investment opportunity located at 75 School Street in North Brookfield, MA. The property currently consists of three residential units with approvals in place for a fourth unit, presenting investors and developers with significant upside potential through renovation and stabilization.
The building will be delivered vacant, offering flexibility for immediate improvements, repositioning, and tenant placement without existing occupancy constraints. Substantial preliminary work has already been completed, creating a strong foundation for contractors or investors looking to accelerate the redevelopment process.
This asset is ideal for investors seeking to expand their multifamily portfolio, generate long-term rental income, or capitalize on the increasing demand for quality housing in the area. Conveniently situated near local amenities, schools, downtown services, and major transportation routes, the property benefits from strong accessibility and neighborhood appeal.

Property Facts

Price $289,900
Price Per Unit $96,633
Sale Type Investment
No. Units 3
Property Type Multifamily
Lot Size 0.43 AC
Building Size 4,200 SF
No. Stories 2
Year Built 1880
Parking Ratio 1.19/1,000 SF
Zoning 11

Amenities

Unit Amenities

  • Disposal
  • Basement
  • Deck
  • Large Bedrooms

Site Amenities

  • Walking/Biking Trails
  • Walk To Campus

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+3 3 - 4,200
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
  • Listing ID: 40458884

  • Date on Market: 5/8/2026

  • Last Updated:

  • Address: 75 School St, North Brookfield, MA 01535

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