Three-Building Multifamily
222-226 South Main St & 1 Mulberry Street Attleboro, MA 02703
222-226 South Main St & 1 Mulberry Street, Attleboro, MA, 02703
$2,298,000
For Sale
$2,298,000
For sale three-building multifamily portfolio with 8 total units across two lots, including renovated and updated utility systems.
Property Size9,000 SF
Price / SF$255.33
Days on Market69
Property Features for 222-226 South Main St & 1 Mulberry Street
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Centre Realty Group
Listed by
John Saleh
(617) 680-0690
Source
Inrealtyinc
Added: May 16 Updated: Jul 21 at 1:44PM Checked: Jul 22 at 7:51AM
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 Centre Realty Group
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio comprises three buildings on two separate lots, totaling 8 residential units. Lot 1 includes 1 Mulberry, a 3-family triple-decker with spacious 2-bedroom units and separate utilities; two units have been fully renovated with updated kitchens and baths, along with gas heat and electrical and plumbing updates, while the third unit is in good rental condition. Also on Lot 1 is 222 South Main, a fully renovated 2-family property with two 2-bedroom units, separate utilities, updated kitchens and baths, new electrical and plumbing, gas HVAC systems, and central air.
Lot 2 consists of 224–226 South Main, a 3-family triple-decker with spacious 2-bedroom units, separate utilities, and extensive renovations throughout, including updated kitchens and baths and electrical and plumbing improvements.
The buildings have been well-maintained. A shared backyard serves two of the buildings, and there is a separate yard for 226 South Main. The property is conveniently located within walking distance to the train station and shopping.
Lot 2 consists of 224–226 South Main, a 3-family triple-decker with spacious 2-bedroom units, separate utilities, and extensive renovations throughout, including updated kitchens and baths and electrical and plumbing improvements.
The buildings have been well-maintained. A shared backyard serves two of the buildings, and there is a separate yard for 226 South Main. The property is conveniently located within walking distance to the train station and shopping.
Key Highlights
- Three‑building multifamily portfolio with 8 total units across two separate lots
- Lot 1: 222 South Main is a fully renovated 2‑family with 2‑bedroom units and separate utilities
- Lot 1: 1 Mulberry 3‑family triple‑decker has spacious 2‑bedroom units; two units fully renovated with updated kitchens/baths, gas heat, electrical, and plumbing
Local Financial Insights For Apartment 5plus
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 | $291.6k | $32.40 |
| − Vacancy | −$19.8k | −$2.20 |
| EGI | $271.8k | $30.20 |
| − OpEx | −$122.3k | −$13.59 |
| NOI | $149.5k | $16.61 |
9,000 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.14M
$1.87M – $2.49M
NOI $149,474 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.48M
$4.80M – $6.39M
NOI $383,659 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale three-building multifamily portfolio with 8 total units across two lots, including renovated and updated utility systems.
Where is this apartment building located?
The property is located at 222-226 South Main St & 1 Mulberry Street Attleboro, MA.
What is the asking price?
The asking price for this property is $2,298,000.
What are key features of this property?
This property features: Three‑building multifamily portfolio with 8 total units across two separate lots; Lot 1: 222 South Main is a fully renovated 2‑family with 2‑bedroom units and separate utilities; Lot 1: 1 Mulberry 3‑family triple‑decker has spacious 2‑bedroom units; two units fully renovated with updated kitchens/baths, gas heat, electrical, and plumbing
