Renovated 6-Unit Apartment
For Sale
Contact for pricing
Pending
75 County St, Seekonk, MA 02771
Six one-bedroom apartments with updated interiors, ductless heating and cooling, and off-street parking.
Property Size4,478 SF
Days on Market502
Property Features for 75 County St
General Information
Standard status
Pending
Size
4,478 SF
Property subtype
Multifamily
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Amenities
off-street parking
ductless mini-split systems
Listing Agency:
Century 21 The Seyboth Team
Listed By:
Kyle Seyboth · License #RI, MA
(508) 726-3492
Source:
Crexi
Added: Apr 19, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:41PM
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 Century 21 The Seyboth Team
Investment Insights
Based on property information with market context.
This renovated apartment building contains 6 units, each configured with 1 bedroom and 1 full bathroom. Interior improvements include updated kitchens and bathrooms, modern flooring, and large windows that provide natural light. The property offers 4,478 square feet of building area.
Each apartment has an energy-efficient ductless mini-split system for heating and cooling. Off-street parking is also provided, adding a practical on-site feature for residents. The property is located at 75 County St in Seekonk, Massachusetts, near the East Providence line.
Each apartment has an energy-efficient ductless mini-split system for heating and cooling. Off-street parking is also provided, adding a practical on-site feature for residents. The property is located at 75 County St in Seekonk, Massachusetts, near the East Providence line.
Key Highlights
- 6‑unit apartment building with 1 bedroom and 1 full bathroom in each unit
- Renovated kitchens, bathrooms, and flooring throughout the apartments
- Energy‑efficient ductless mini‑split systems in all units
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
$74,372
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
5.95%
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%
$1,487,440
$1.5M
Cap Rate 7%
$1,062,457
$1.1M
Cap Rate 9%
$826,356
$826.4K
Market Conditions
NOI Build-Up for 4,478 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
$145.1K $32.40/SF
− Vacancy
−$9.9K −$2.20/SF
EGI
$135.2K $30.20/SF
− OpEx
−$60.8K −$13.59/SF
NOI
$74.4K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,487,440
Cap Rate 7%
$1,062,457
Cap Rate 9%
$826,356
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$929.7K – $1.24M
NOI $74,372 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $190,892 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 02771, MA
15,512
Population
6,324
Households
2.5
Avg Household Size
45
Median Age
43%
College-Educated
92%
High-School Grad
18.4 sq mi
ZIP Area
843
Density / Sq Mi
$116,310
Median Household Income
$59,600
Median Earnings
$1,808
Median Rent
$461,600
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?
Apartment building - Six one-bedroom apartments with updated interiors, ductless heating and cooling, and off-street parking.
Where is this apartment building located?
The property is located at 75 County St Seekonk, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6‑unit apartment building with 1 bedroom and 1 full bathroom in each unit; Renovated kitchens, bathrooms, and flooring throughout the apartments; Energy‑efficient ductless mini‑split systems in all units
