3-Unit Triplex with Detached
New
For Sale
$795,000
107-109 Park Street, Attleboro, MA 02703
Three-level property with three-bedroom layouts, hardwood flooring, and an additional first-floor bathroom.
Property Size3,133 SF
Days on Market6
Property Features for 107-109 Park Street
General Information
Standard status
Active
Size
3,133 SF
Total Parking Spaces
3
Property subtype
3 Family - 3 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,267
Building Details
Building Size
3,133 SF
Year Built
1910
Listing Agency:
Williams & Stuart Real Estate
Listed By:
Sandra Sousa · License #RES.0033083
(401) 487-1176
Source:
Donnellyandco
Added: Sep 8
Changed: Sep 12
Last Checked: Sep 13 at 11:13AM
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 Williams & Stuart Real Estate
Investment Insights
Based on property information with market context.
Built in 1910, this triplex at 107-109 Park Street includes three levels, each arranged with three bedrooms and generous living areas featuring hardwood flooring. The first floor adds a second bathroom, while a detached three-car garage provides parking and storage space.
The property is within walking distance of the commuter train and near Sturdy Memorial Hospital, Capron Park Zoo, restaurants, and cafes. Major roadways are also readily accessible, supporting convenient connections throughout the surrounding area.
The property is within walking distance of the commuter train and near Sturdy Memorial Hospital, Capron Park Zoo, restaurants, and cafes. Major roadways are also readily accessible, supporting convenient connections throughout the surrounding area.
Key Highlights
- Three‑unit triplex with three bedrooms on each level
- Additional bathroom located on the first floor
- Hardwood flooring throughout the living areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,990
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,119,800
$1.1M
Cap Rate 7%
$799,857
$799.9K
Cap Rate 9%
$622,111
$622.1K
Market Conditions
NOI Build-Up for 3,133 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.5K $27.60/SF
− Vacancy
−$6.5K −$2.07/SF
EGI
$80.0K $25.53/SF
− OpEx
−$24.0K −$7.66/SF
NOI
$56.0K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,119,800
Cap Rate 7%
$799,857
Cap Rate 9%
$622,111
Alternative Uses
Best Use
Multifamily LT 5
$799.9K
$699.9K – $933.2K
NOI $55,990 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$743.3K
$650.4K – $867.2K
NOI $52,034 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,556 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-level property with three-bedroom layouts, hardwood flooring, and an additional first-floor bathroom.
Where is this triplex located?
The property is located at 107-109 Park Street Attleboro, MA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three‑unit triplex with three bedrooms on each level; Additional bathroom located on the first floor; Hardwood flooring throughout the living areas
