Five-Unit Apartment
For Sale
Contact for pricing
Pending
119 Elm St, Amesbury, MA 01913
Renovated multifamily property with separately metered units, tenant-paid utilities, and substantial rear parking.
Property SizeContact for details
Days on Market143
Property Features for 119 Elm St
General Information
Standard status
Pending
Property subtype
Multifamily
Net Operating Income
$81,690
Financials
Cap Rate
6.4%
Gross Income
$106,200
Units
Unit Mix
4 x 2BR, 1 x 3BR
Multifamily Units
5
Listing Agency:
KW Commercial Faulkner Commercial Group
(978) 828-8944
Listed By:
Janet Faulkner · License #MA 9516868
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 2:36PM
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 KW Commercial Faulkner Commercial Group
Investment Insights
Based on property information with market context.
This five-unit apartment property includes four two-bedroom residences and one three-bedroom residence. Four units are occupied under tenancy-at-will arrangements, while the remaining unit has a recently executed lease. The building has received several updates, including a newer roof and windows; Unit 1 also features refreshed finishes, appliances, hardwood flooring, and a new furnace.
Each unit is separately metered, and residents pay their own utilities. A large rear yard provides substantial on-site parking. The property is located at 119 Elm St in Amesbury, where Elm Street has been repaved and improved with sidewalks and bike lanes. The current cap rate is 6.4%.
Each unit is separately metered, and residents pay their own utilities. A large rear yard provides substantial on-site parking. The property is located at 119 Elm St in Amesbury, where Elm Street has been repaved and improved with sidewalks and bike lanes. The current cap rate is 6.4%.
Key Highlights
- Five‑unit apartment property with four 2‑bedroom units and one 3‑bedroom unit
- Four units are TAW; one unit has a recently signed lease
- Newer roof and windows; Unit 1 refreshed with appliances, hardwood, and a new furnace
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 01913, MA
17,366
Population
7,827
Households
2.2
Avg Household Size
44
Median Age
43%
College-Educated
95%
High-School Grad
12.3 sq mi
ZIP Area
1,412
Density / Sq Mi
$100,599
Median Household Income
$60,627
Median Earnings
$1,573
Median Rent
$475,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with separately metered units, tenant-paid utilities, and substantial rear parking.
Where is this apartment building located?
The property is located at 119 Elm St Amesbury, MA.
What are key features of this property?
This property features: Five‑unit apartment property with four 2‑bedroom units and one 3‑bedroom unit; Four units are TAW; one unit has a recently signed lease; Newer roof and windows; Unit 1 refreshed with appliances, hardwood, and a new furnace
