Five-Unit Apartment
For Sale
$1,250,000
Pending
160 East Street, Foxboro, MA 02035
MULTI_FAMILY - Foxboro, MA
Property Size4,689 SF
Lot Size0.47 Acres
Days on Market79
Property Features for 160 East Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-40
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 8, Bedroom 9, Bedroom 7, Bedroom 10
Parking
10
Directions
Cocasset St to East St
Standard status
Pending
APN
943188
Size
4,689 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10929
Amenities
hardwood floors
in-building laundry
Building Details
Year built
1900
Floors in Building
5
Number of units
5
Listing Agency:
Keller Williams Realty Signature Properties
(781) 924-5766
Listed By:
Al Styles
(781) 924-5766
Added: May 26
Changed: Aug 2
Last Checked: Aug 12 at 12:06AM
MLS# 73523700
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained five-unit apartment building on a 0.4676-acre level lot (about 4,689 SF). The building’s floorplans include spacious two-bedroom units with hardwood floors, and each unit is set up with a refrigerator and stove. Tenants also benefit from in-building laundry, and the property offers separate heating and electric utilities for each unit.
The building has received major updates, including newer windows, a newer roof, updated flooring, and a fresh coat of paint. Built in 1900, the property is currently rented with all tenants on a tenants-at-will basis.
Located at 160 East Street in Foxboro, the property is in a quiet neighborhood with easy access to I-95 and I-495. It is approximately 15 minutes to Gillette Stadium and Patriot Place, and about 25 minutes to Wrentham Outlets.
The building has received major updates, including newer windows, a newer roof, updated flooring, and a fresh coat of paint. Built in 1900, the property is currently rented with all tenants on a tenants-at-will basis.
Located at 160 East Street in Foxboro, the property is in a quiet neighborhood with easy access to I-95 and I-495. It is approximately 15 minutes to Gillette Stadium and Patriot Place, and about 25 minutes to Wrentham Outlets.
Key Highlights
- 0.4676‑acre level lot with approximately 4,689 SF apartment building
- Five units with spacious two‑bedroom layouts
- Separate heating and electric utilities for each unit
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
$77,500
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
6.20%
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%
$1,550,000
$1.6M
Cap Rate 7%
$1,107,143
$1.1M
Cap Rate 9%
$861,111
$861.1K
Market Conditions
NOI Build-Up for 4,689 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
$149.1K $31.80/SF
− Vacancy
−$8.2K −$1.75/SF
EGI
$140.9K $30.05/SF
− OpEx
−$63.4K −$13.52/SF
NOI
$77.5K $16.53/SF
Area
Norfolk County, MA
Vacancy
5.50%
Lease Rate
$31.80 /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%
$1,550,000
Cap Rate 7%
$1,107,143
Cap Rate 9%
$861,111
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$968.8K – $1.29M
NOI $77,500 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,311 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 02035, MA
18,618
Population
7,414
Households
2.5
Avg Household Size
42
Median Age
58%
College-Educated
97%
High-School Grad
19.9 sq mi
ZIP Area
936
Density / Sq Mi
$108,559
Median Household Income
$62,457
Median Earnings
$1,763
Median Rent
$581,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Zoned R-40 five-unit apartment building with separate utilities per unit and in-building laundry.
Where is this apartment building located?
The property is located at 160 East Street Foxboro, 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: 0.4676‑acre level lot with approximately 4,689 SF apartment building; Five units with spacious two‑bedroom layouts; Separate heating and electric utilities for each unit
