Multifamily Apartment
12 Park Avenue Hull, MA 02045
12 Park Avenue, Hull, MA, 02045
$2,150,000
For Sale
$2,150,000
For sale multifamily apartment building at 12 Park Avenue in Hull, MA.
Property Size5,930 SF
Price / SF$362.56
Days on Market11
Property Features for 12 Park Avenue
General Information
- Standard status
- Active
- Size
- 5,930 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Northeast Private Client Group,LLC
(413) 896-3060
Listed by
James Casey
Source
Capecoastalsir
Added: Jul 11 Updated: Jul 20 at 4:16AM Checked: Jul 21 at 9:22AM
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 Northeast Private Client Group,LLC
Investment Insights
Based on property information with market context.
This multifamily apartment building is offered for sale and is listed at 12 Park Avenue, Hull, MA 02045. The property is categorized as an apartment building and residential income property, providing a straightforward residential income asset for qualified buyers.
The building’s listing data includes a property size of 5,930 (unit not specified in the source information). Additional details regarding unit count, layouts, condition, amenities, and income potential are not provided in the supplied information.
For more information and to review financial and physical details, request the offering materials associated with the listing.
The building’s listing data includes a property size of 5,930 (unit not specified in the source information). Additional details regarding unit count, layouts, condition, amenities, and income potential are not provided in the supplied information.
For more information and to review financial and physical details, request the offering materials associated with the listing.
Key Highlights
- Multifamily apartment building for sale at 12 Park Avenue in Hull, MA
- Built in 1910
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.9k | $30.00 |
| − Vacancy | −$10.0k | −$1.68 |
| EGI | $167.9k | $28.32 |
| − OpEx | −$75.6k | −$12.74 |
| NOI | $92.4k | $15.58 |
5,930 SF · lease $30.00/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,366 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,738 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale multifamily apartment building at 12 Park Avenue in Hull, MA.
Where is this apartment building located?
The property is located at 12 Park Avenue Hull, MA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Multifamily apartment building for sale at 12 Park Avenue in Hull, MA; Built in 1910
