Triplex with Tankless Water
For Sale
$875,000
110 Knight Ave, Attleboro, MA 02703
Three-unit property with townhouse-style layouts and ongoing interior improvements.
Property Size3,418 SF
Price / SF$255
Days on Market20
Property Features for 110 Knight Ave
General Information
Standard status
Active
Size
3,418 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,842
Listing Agency:
eXp Realty LLC
(774) 228-8453
Listed By:
Roland Copeland
(774) 228-8453
Source:
Exprealty
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 30 at 7:12PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This 3418-square-foot triplex includes Units A, B, and C, with separate tankless water heaters serving each unit. Units B and C are arranged in townhouse-style layouts and include newer flooring and refreshed paint. Unit A is positioned at the rear of the building and is receiving interior updates, including new bathroom floor tile, fresh paint, and a new stove.
The property is located at 110 Knight Ave in Attleboro, Massachusetts. Its roof is under 10 years old, adding a relatively recent building component to the property’s existing improvements. The three-unit configuration, individual water-heating systems, and mix of completed and ongoing interior work provide a clear physical profile for evaluation.
The property is located at 110 Knight Ave in Attleboro, Massachusetts. Its roof is under 10 years old, adding a relatively recent building component to the property’s existing improvements. The three-unit configuration, individual water-heating systems, and mix of completed and ongoing interior work provide a clear physical profile for evaluation.
Key Highlights
- 3,418‑square‑foot triplex with Units A, B, and C
- Townhouse‑style layouts in Units B and C
- Newer flooring and fresh paint in Units B and C
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
$61,083
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
6.98%
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%
$1,221,660
$1.2M
Cap Rate 7%
$872,614
$872.6K
Cap Rate 9%
$678,700
$678.7K
Market Conditions
NOI Build-Up for 3,418 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
$94.3K $27.60/SF
− Vacancy
−$7.1K −$2.07/SF
EGI
$87.3K $25.53/SF
− OpEx
−$26.2K −$7.66/SF
NOI
$61.1K $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%
$1,221,660
Cap Rate 7%
$872,614
Cap Rate 9%
$678,700
Alternative Uses
Best Use
Multifamily LT 5
$872.6K
$763.5K – $1.02M
NOI $61,083 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$811.0K
$709.6K – $946.1K
NOI $56,767 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,705 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
113
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-unit property with townhouse-style layouts and ongoing interior improvements.
Where is this triplex located?
The property is located at 110 Knight Ave Attleboro, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 3,418‑square‑foot triplex with Units A, B, and C; Townhouse‑style layouts in Units B and C; Newer flooring and fresh paint in Units B and C
