6-Unit Apartment
New
For Sale
$749,900
199 S Main Street, Attleboro, MA 02703
Month-to-month tenancies and a varied unit mix shape the property's residential configuration.
Property Size3,593 SF
Price / SF$208.71
Days on Market7
Property Features for 199 S Main Street
General Information
Standard status
Active
Size
3,593 SF
Total Parking Spaces
9
Property subtype
Multi-family
Property Condition
Severity
Repairs Needed
Evidence
The property needs some TLC
Units
Unit Mix
1 x 2-3BR, 2 x 2BR, 1 x 1BR, 2 x studio
Multifamily Units
6
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Amenities
large unfinished basement
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Vicente Realty,LLC
Listed By:
Emiel Barbosa · License #CN231176
Source:
Miketoomeyrealestate
Added: Oct 25
Changed: Oct 30
Last Checked: Oct 30 at 3:02PM
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 Vicente Realty,LLC
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Investment Insights
Based on property information with market context.
This 3,593-square-foot apartment building was constructed in 1900 and contains six units: one with 2 to 3 bedrooms, two with 2 bedrooms, one with 1 bedroom, and two studios. Interiors have been updated previously and are ready for refreshment. Heating is supplied by three gas furnaces, including one recently installed unit, electric baseboard in two units, and an electric furnace in one unit. A large unfinished basement provides storage space, and the property includes off-street parking for nine cars.
At 199 S Main Street in Attleboro, the property is described as close to major routes, shopping, dining, and the MBTA commuter rail. All six tenants are on month-to-month terms.
At 199 S Main Street in Attleboro, the property is described as close to major routes, shopping, dining, and the MBTA commuter rail. All six tenants are on month-to-month terms.
Key Highlights
- Six apartments with a mix of studios and one-, two-, and 2 to 3‑bedroom layouts
- 3,593 square feet; built in 1900
- Off‑street parking for 9 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,673
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,460
$1.2M
Cap Rate 7%
$852,471
$852.5K
Cap Rate 9%
$663,033
$663.0K
Market Conditions
NOI Build-Up for 3,593 SF
Gross rent
$116.4K $32.40/SF
− Vacancy
−$7.9K −$2.20/SF
EGI
$108.5K $30.20/SF
− OpEx
−$48.8K −$13.59/SF
NOI
$59.7K $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 Rate 5%
$1,193,460
Cap Rate 7%
$852,471
Cap Rate 9%
$663,033
Alternative Uses
Best Use
Apartment 5plus
$852.5K
$745.9K – $994.6K
NOI $59,673 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,165 @ 7.0% cap · market cap 20.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
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Business Placement
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Month-to-month tenancies and a varied unit mix shape the property's residential configuration.
Where is this apartment building located?
The property is located at 199 S Main Street Attleboro, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Six apartments with a mix of studios and one-, two-, and 2 to 3‑bedroom layouts; 3,593 square feet; built in 1900; Off‑street parking for 9 cars
