Turnkey 3-Unit Residential
For Sale
$749,000
2 Hope St, Attleboro, MA 02703
Well-maintained three-family property with separate utilities and ample parking, including a currently vacant third-floor unit.
Property Size3,827 SF
Price / SF$195.71
Days on Market132
Property Features for 2 Hope St
General Information
Standard status
Active
Size
3,827 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
The Hennessy Group
Listed By:
Rose-Amelie Hennessy
(401) 441-9900
Source:
Seaveyrealtyteam
Added: Jun 20
Changed: Oct 25
Last Checked: Oct 7 at 3:37PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,392
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,367,840
$1.4M
Cap Rate 7%
$977,029
$977.0K
Cap Rate 9%
$759,911
$759.9K
Market Conditions
NOI Build-Up for 3,827 SF
Gross rent
$105.6K $27.60/SF
− Vacancy
−$7.9K −$2.07/SF
EGI
$97.7K $25.53/SF
− OpEx
−$29.3K −$7.66/SF
NOI
$68.4K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,367,840
Cap Rate 7%
$977,029
Cap Rate 9%
$759,911
Alternative Uses
Best Use
Multifamily LT 5
$977.0K
$854.9K – $1.14M
NOI $68,392 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$908.0K
$794.5K – $1.06M
NOI $63,560 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,140 @ 7.0% cap · market cap 21.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,316
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $749,000.
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
