48-Unit Multifamily Investment
1-9 Bayberry Road, Acton, MA 01720
For Sale
$11,000,000
Pending
Value-add multifamily property in desirable Acton, Massachusetts.
Property Size36,444 SF
Days on Market1898
Property Features for 1-9 Bayberry Road
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Boston Realty Advisors
Listed By:
Kevin Benzinger · License MA #9526383
(860) 424-7613
Source:
Thenorthshorerealtygroup
Added: Aug 31, 2021
Changed: Oct 31
Last Checked: Nov 8 at 2:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boston Realty Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Bayberry Apartments is a 48-unit community located in Acton, Massachusetts, offering a value-add opportunity for investors. Acton is known for its nationally recognized school system, ranking among the top 20 in the state. The property's location on Route 2 facilitates convenient travel and commuting to the Boston Metro area. The area's employment drivers, school systems, and proximity to major cities contribute to consistently strong multifamily rents, making multifamily investment attractive.
Key Highlights
- Top 20 school system in Massachusetts
- Value‑add opportunity
- 48‑unit community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$725,113
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,502,260
$14.5M
Cap Rate 7%
$10,358,757
$10.4M
Cap Rate 9%
$8,056,811
$8.1M
Market Conditions
NOI Build-Up for 36,444 SF
Gross rent
$1.39M $38.16/SF
− Vacancy
−$72.3K −$1.98/SF
EGI
$1.32M $36.18/SF
− OpEx
−$593.3K −$16.28/SF
NOI
$725.1K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,502,260
Cap Rate 7%
$10,358,757
Cap Rate 9%
$8,056,811
Alternative Uses
Best Use
Apartment 5plus
$10.36M
$9.06M – $12.09M
NOI $725,113 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.57M
$18.88M – $25.17M
NOI $1,510,230 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
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Business Placement
Demographics for 01720, MA
23,232
Population
8,937
Households
2.6
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,185
Density / Sq Mi
$154,101
Median Household Income
$79,774
Median Earnings
$1,908
Median Rent
$766,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Middlesex County, MA
Properties on Market for Apartment buildings in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Value-add multifamily property in desirable Acton, Massachusetts.
Where is this apartment building located?
The property is located at 1-9 Bayberry Road Acton, MA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Top 20 school system in Massachusetts; Value‑add opportunity; 48‑unit community
