Turnkey 3-Unit Residential
2 Hope St Attleboro, MA 02703
2 Hope St, Attleboro, MA, 02703
$775,000
For Sale
$775,000
Well-maintained three-family property with separate utilities and ample parking, including a currently vacant third-floor unit.
Property Size3,848 SF
Price / SF$201.40
Days on Market37
Property Features for 2 Hope St
General Information
- Standard status
- Active
- Size
- 3,848 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
The Hennessy Group
(401) 441-9900
Listed by
Rose-Amelie Hennessy
(401) 441-9900
Source
Lockandkeyre
Added: Jun 16 Updated: Jul 22 at 12:30PM Checked: Jul 22 at 12:30PM
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 The Hennessy Group
Investment Insights
Based on property information with market context.
Turnkey three-family residential income property featuring bright, spacious layouts and separate utilities. The third-floor unit is currently vacant and move-in ready, creating flexibility for either an owner-occupant or an investor seeking immediate rental income.
The property is located at 2 Hope St in Attleboro, with easy access to the commuter rail, local shopping, dining, and major highway routes. Ample parking is available on site.
As a practical configuration, this is a three-unit structure designed for independent occupancy with separate utility setups, and it offers an available unit for immediate use.
The property is located at 2 Hope St in Attleboro, with easy access to the commuter rail, local shopping, dining, and major highway routes. Ample parking is available on site.
As a practical configuration, this is a three-unit structure designed for independent occupancy with separate utility setups, and it offers an available unit for immediate use.
Key Highlights
- Well‑maintained 3‑family property built in 1910 with a currently vacant third‑floor unit
- Third‑floor unit is move‑in ready
- Separate utilities for the units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.2k | $27.60 |
| − Vacancy | −$8.0k | −$2.07 |
| EGI | $98.2k | $25.53 |
| − OpEx | −$29.5k | −$7.66 |
| NOI | $68.8k | $17.87 |
3,848 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$982.4K
$859.6K – $1.15M
NOI $68,768 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$913.0K
$798.9K – $1.07M
NOI $63,909 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $164,036 @ 7.0% cap · market cap 21.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with separate utilities and ample parking, including a currently vacant third-floor unit.
Where is this triplex located?
The property is located at 2 Hope St Attleboro, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Well‑maintained 3‑family property built in 1910 with a currently vacant third‑floor unit; Third‑floor unit is move‑in ready; Separate utilities for the units
