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76-96 Maple St 15 Unit Apartment Building $5,150,000 ($343,333/Unit) Florence, MA 01062
INVESTMENT HIGHLIGHTS
- NEWLY RENOVATED RETAIL AND RESIDENTIAL UNITS
- 10 RENOVATED RESIDENTIAL APARTMENTS
- FIRE ALARM SYSTEM UPGRADE (2022)
- ROOF REPLACED (2022)
- CUSTOM COMMERCIAL BUILDOUTS (2023-2025)
- COMPLETE ELECTRICAL SERVICE UPGRADE (INDIVIDUAL METERING) (2023-2025)
EXECUTIVE SUMMARY
The Parsons Block is a mixed-use property in the heart of Florence Village, a vibrant and independent neighborhood within Northampton. Built in 1894, this prominent brick building features leased street-level retail space with long-term tenants and residential apartments above, with consistently low vacancy rates. Now offered for sale, the property includes not only the building but a permitted development project consisting of 11 approved townhouse condominiums on the adjacent lot, presenting an opportunity for immediate expansion and added value. On- and off-street parking, strong local foot traffic, and a dynamic mix of small businesses present an excellent opportunity for an investor looking for a newly renovated project with additional upside potential. The property currently features a multi-family home, presenting a prime opportunity for a value-add flip or a long-term investment.
*Members of ownership entity are licensed real estate brokers/salespersons.
*Members of ownership entity are licensed real estate brokers/salespersons.
PROPERTY FACTS
| Price | $5,150,000 | Building Class | B |
| Price Per Unit | $343,333 | Lot Size | 1.81 AC |
| Sale Type | Investment | Building Size | 29,444 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1894 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | GB - General Business | ||
| Price | $5,150,000 |
| Price Per Unit | $343,333 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.81 AC |
| Building Size | 29,444 SF |
| No. Stories | 2 |
| Year Built | 1894 |
| Opportunity Zone |
Yes |
| Zoning | GB - General Business |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Smoke Detector
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (88)
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76-96 Maple St
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