Multifamily Apartment
For Sale
$2,150,000
12 Park Ave, Hull, MA 02045
For sale multifamily apartment building at 12 Park Avenue in Hull, MA.
Property Size5,930 SF
Price / SF$362.56
Days on Market99
Property Features for 12 Park Ave
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
Listed By:
James Casey · License #9568843
(413) 896-3060
Source:
Lawanaandcompany
Added: Jul 19
Changed: Oct 19
Last Checked: Oct 24 at 9:27PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,366
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,847,320
$1.8M
Cap Rate 7%
$1,319,514
$1.3M
Cap Rate 9%
$1,026,289
$1.0M
Market Conditions
NOI Build-Up for 5,930 SF
Gross rent
$177.9K $30.00/SF
− Vacancy
−$10.0K −$1.68/SF
EGI
$167.9K $28.32/SF
− OpEx
−$75.6K −$12.74/SF
NOI
$92.4K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,847,320
Cap Rate 7%
$1,319,514
Cap Rate 9%
$1,026,289
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 02045, MA
10,072
Population
5,733
Households
1.8
Avg Household Size
54
Median Age
52%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
3,730
Density / Sq Mi
$127,112
Median Household Income
$63,327
Median Earnings
$1,885
Median Rent
$606,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 Ave 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
