Triplex With Detached
New
For Sale
$795,000
107 Park Street, Attleboro, MA 02703
Residential Income, Attleboro, MA
Property Size3,133 SF
Lot Size0.13 Acres
Price / SF$253.75
Days on Market1
Property Features for 107 Park Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GR-A
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 9, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 5, Basement, Bedroom 6, Bedroom 8, Bedroom 4
Parking
6
Patio and Porch features
Porch
Interior features
Plumbing (Mixed)
Exterior features
Porch
Basement
Full, Unfinished, Storage Space
Appliances
Gas Water Heater, Dishwasher, Microwave, Oven/Range, Refrigerator
Lot features
Corner Lot, Fenced, Sidewalks
Standard status
Active
Size
3,133 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7268
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Flooring type
Hardwood
Building materials
Vinyl Siding
Listing Agency:
Williams & Stuart Real Estate
(401) 942-0200
Listed By:
Sandra Sousa · License #RES.0033083
(401) 487-1176
Added: Sep 8
Last Checked: Sep 8 at 11:06PM
MLS# 1422747
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,133-square-foot triplex, built in 1910, includes three residential levels with three bedrooms on each floor. The first level has an additional bathroom, and the property includes hardwood flooring, vinyl siding, porches, and mixed plumbing. Heating is provided by natural-gas baseboard systems, with public water service. The kitchens are equipped with gas water heaters, dishwashers, microwaves, ovens/ranges, and refrigerators.
A detached three-car garage adds off-street parking and storage. The property occupies 0.1283 acres and is zoned GR-A. Its Attleboro setting places the building within walking distance of the commuter train and near Sturdy Memorial Hospital, Capron Park Zoo, restaurants, and cafes, with access to major roadways.
A detached three-car garage adds off-street parking and storage. The property occupies 0.1283 acres and is zoned GR-A. Its Attleboro setting places the building within walking distance of the commuter train and near Sturdy Memorial Hospital, Capron Park Zoo, restaurants, and cafes, with access to major roadways.
Key Highlights
- 3,133‑square‑foot triplex built in 1910
- Three bedrooms on each of the three levels
- First floor includes an additional bathroom
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
Property Profile
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
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 multifamily property with hardwood floors, porches, and a separate garage for parking and storage.
Where is this triplex 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 triplex built in 1910; Three bedrooms on each of the three levels; First floor includes an additional bathroom
