Eight-Unit Apartment
For Sale
$2,399,000
289 North Ave, Abington, MA 02351
Residential Income, Abington, MA
Property Size5,571 SF
Lot Size0.32 Acres
Price / SF$430.62
Days on Market49
Property Features for 289 North Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CBD
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 8, Bedroom 3, Bedroom 2, Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 8, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 7, Bedroom 7, Bathroom 1, Bathroom 3
Parking
15
Directions
Route 18 or Adams Street to North Ave.
Standard status
Active
APN
M:54 L:111,923830
Size
5,571 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
21252
Building Details
Year built
2009
Floors in Building
5
Number of units
8
Listing Agency:
RE/MAX Realty Pros · RE/MAX International
Listed By:
John Cummings
(617) 328-3200
Added: Sep 7
Changed: Oct 18
Last Checked: Oct 25 at 11:06AM
MLS# 73572546
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,571-square-foot apartment property contains eight one-bedroom units on a 0.3196-acre parcel. Constructed in 2009, the building includes central air, separate utilities, hardwood flooring, granite countertops, and recessed lighting within the residences. Off-street parking is provided on site, and the property is zoned CBD.
The building is located on North Ave in Abington near Route 18. Shopping, restaurants, schools, and commuter rail service are described as minutes away. The eight-unit configuration and consistent one-bedroom layout offer a straightforward multifamily format.
The building is located on North Ave in Abington near Route 18. Shopping, restaurants, schools, and commuter rail service are described as minutes away. The eight-unit configuration and consistent one-bedroom layout offer a straightforward multifamily format.
Key Highlights
- Eight one‑bedroom apartment units
- 5,571 square feet on 0.3196 acres
- Constructed in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,774
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,480
$1.7M
Cap Rate 7%
$1,239,629
$1.2M
Cap Rate 9%
$964,156
$964.2K
Market Conditions
NOI Build-Up for 5,571 SF
Gross rent
$167.1K $30.00/SF
− Vacancy
−$9.4K −$1.68/SF
EGI
$157.8K $28.32/SF
− OpEx
−$71.0K −$12.74/SF
NOI
$86.8K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,480
Cap Rate 7%
$1,239,629
Cap Rate 9%
$964,156
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.45M
NOI $86,774 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $230,861 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 02351, MA
17,085
Population
6,576
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,709
Density / Sq Mi
$119,787
Median Household Income
$61,646
Median Earnings
$1,547
Median Rent
$516,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight single-bedroom residences with individual utilities, central air, and off-street parking in a CBD-zoned property.
Where is this apartment building located?
The property is located at 289 North Ave Abington, MA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Eight one‑bedroom apartment units; 5,571 square feet on 0.3196 acres; Constructed in 2009
