Two-Level Multifamily
New
For Sale
$795,000
107 PARK STREET, Attleboro, MA 02703
Two three-bedroom levels feature hardwood flooring, an additional first-floor bathroom, and a detached garage.
Property Size3,133 SF
Price / SF$253.75
Days on Market4
Property Features for 107 PARK STREET
General Information
Standard status
Active
Size
3,133 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
1910
Listing Agency:
Williams & Stuart Real Estate
Listed By:
Sandra Sousa · License #RES.0033083
(401) 487-1176
Source:
Idx.mlspin
Added: Sep 10
Last Checked: Sep 13 at 3:52AM
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.
Located at 107 Park St in Attleboro, this 3,133-square-foot multifamily property includes two levels with three bedrooms on each level. Hardwood flooring runs through the living areas, while the first floor adds an extra bathroom. 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 cafés. Major roadways are also readily accessible, adding practical connectivity for occupants and visitors.
The property is within walking distance of the commuter train and near Sturdy Memorial Hospital, Capron Park Zoo, restaurants, and cafés. Major roadways are also readily accessible, adding practical connectivity for occupants and visitors.
Key Highlights
- 3,133‑square‑foot multifamily property with two levels
- Three bedrooms on each level
- Extra bathroom on the first floor
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
$52,034
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
6.55%
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%
$1,040,680
$1.0M
Cap Rate 7%
$743,343
$743.3K
Cap Rate 9%
$578,156
$578.2K
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
$101.5K $32.40/SF
− Vacancy
−$6.9K −$2.20/SF
EGI
$94.6K $30.20/SF
− OpEx
−$42.6K −$13.59/SF
NOI
$52.0K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,040,680
Cap Rate 7%
$743,343
Cap Rate 9%
$578,156
Alternative Uses
Best Use
Apartment 5plus
$743.3K
$650.4K – $867.2K
NOI $52,034 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
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
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two three-bedroom levels feature hardwood flooring, an additional first-floor bathroom, and a detached garage.
Where is this multifamily property located?
The property is located at 107 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: 3,133‑square‑foot multifamily property with two levels; Three bedrooms on each level; Extra bathroom on the first floor
