Spacious Avon Multifamily
192 E Spring St, Avon, MA 02322
For Sale
$870,000
Conveniently located multifamily home in Avon with income potential.
Property Size2,013 SF
Price / SF$432.19
Days on Market250
Property Features for 192 E Spring St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
eRealty Advisors, Inc.
(617) 729-2618
Listed By:
Jaelle Trimble · License MA #9538118
(781) 308-4109
Source:
Churchillprop
Added: Mar 10
Changed: Oct 31
Last Checked: Nov 12 at 5:26AM
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 eRealty Advisors, Inc.
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Investment Insights
Based on property information with market context.
This multifamily home is located in Avon and offers convenient access to Boston. It presents income potential and is suitable for investors or owner-occupiers. Both units are spacious. The first-floor unit is vacant and includes a large living room, a kitchen and dining area, three bedrooms, one full bath, and a den/office space. The second-floor unit also features a den/office space, a kitchen-dining combo, a living room, two bedrooms, and a full bath. A long driveway provides ample parking. Additionally, there is a detached garage. The first-floor heating system is approximately 10 years old, while the second-floor system is about 6 years old. The electrical system was updated approximately 6 months ago, and the septic system is regularly pumped. The bike score is 38, indicating it is somewhat bikeable. The transit score is 38, indicating some transit options are available. The walk score is 0, indicating car-dependent accessibility.
Key Highlights
- Multi‑family home with income potential, ideal for investors or owner‑occupiers.
- Convenient location in Avon with an easy commute to Boston.
- Updated electrical system (6 months ago) and relatively new heating systems (10 years and 6 years old).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,060
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,200
$721.2K
Cap Rate 7%
$515,143
$515.1K
Cap Rate 9%
$400,667
$400.7K
Market Conditions
NOI Build-Up for 2,013 SF
Gross rent
$54.4K $27.00/SF
− Vacancy
−$2.8K −$1.41/SF
EGI
$51.5K $25.59/SF
− OpEx
−$15.5K −$7.68/SF
NOI
$36.1K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,200
Cap Rate 7%
$515,143
Cap Rate 9%
$400,667
Alternative Uses
Best Use
Multifamily LT 5
$515.1K
$450.8K – $601.0K
NOI $36,060 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$475.3K
$415.9K – $554.5K
NOI $33,271 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,418 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
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Business Placement
Demographics for 02322, MA
4,777
Population
1,716
Households
2.8
Avg Household Size
43
Median Age
31%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
1,111
Density / Sq Mi
$129,487
Median Household Income
$51,618
Median Earnings
$1,648
Median Rent
$482,800
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Norfolk County, MA
Properties on Market for Multifamily properties in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Conveniently located multifamily home in Avon with income potential.
Where is this multifamily property located?
The property is located at 192 E Spring St Avon, MA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Multi‑family home with income potential, ideal for investors or owner‑occupiers.; Convenient location in Avon with an easy commute to Boston.; Updated electrical system (6 months ago) and relatively new heating systems (10 years and 6 years old).
