Turnkey Multifamily Portfolio
For Sale
$3,100,000
3-6 Witherbee Terrace Marlborough, Marlborough, MA 01752
Four-building multifamily portfolio with 13 adjacent units, 12 occupied, and professional management in place.
Property Size8,190 SF
Price / SF$378.51
Days on Market115
Property Features for 3-6 Witherbee Terrace Marlborough
General Information
Standard status
Active
Size
8,190 SF
Property subtype
Residential Income
Zoning
RC
Occupancy
92%
Net Operating Income
$174,000
Financials
Cap Rate
9%
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$16,838
Building Details
Building Size
8,190 SF
Year Built
1925
Stories
8
Listed By:
Amanda Lucido Hodges
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jun 20
Changed: Sep 21
Last Checked: Oct 7 at 9:27AM
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 Amanda Lucido Hodges
Investment Insights
Based on property information with market context.
This offering is a turnkey four-building multifamily portfolio comprising 13 adjacent units across 3–6 Witherbee Terrace, with 12 of 13 units currently occupied and professional property management in place. The buildings include a mix of studio units, two-bedroom units, and a single four-bedroom single-family-style unit. The majority of units and common areas have undergone major improvements and renovations, and a common dumpster serves all tenants.
The property is located on a dead-end street, providing a consolidated setting for the entire portfolio.
The property is located on a dead-end street, providing a consolidated setting for the entire portfolio.
Key Highlights
- 4‑building multifamily portfolio with 13 adjacent units on a dead‑end street
- 12 of 13 units are occupied with professional property management in place
- Multiple unit mix across the portfolio: large studios, 2‑bedrooms, 4‑bedroom single‑family, and additional studios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,953
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,259,060
$3.3M
Cap Rate 7%
$2,327,900
$2.3M
Cap Rate 9%
$1,810,589
$1.8M
Market Conditions
NOI Build-Up for 8,190 SF
Gross rent
$312.5K $38.16/SF
− Vacancy
−$16.3K −$1.98/SF
EGI
$296.3K $36.18/SF
− OpEx
−$133.3K −$16.28/SF
NOI
$163.0K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,259,060
Cap Rate 7%
$2,327,900
Cap Rate 9%
$1,810,589
Alternative Uses
Best Use
Apartment 5plus
$2.33M
$2.04M – $2.72M
NOI $162,953 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.85M
$4.24M – $5.66M
NOI $339,392 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
92.3%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 01752, MA
41,793
Population
17,370
Households
2.4
Avg Household Size
40
Median Age
41%
College-Educated
89%
High-School Grad
20.9 sq mi
ZIP Area
2,000
Density / Sq Mi
$95,047
Median Household Income
$49,012
Median Earnings
$1,721
Median Rent
$485,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-building multifamily portfolio with 13 adjacent units, 12 occupied, and professional management in place.
Where is this apartment building located?
The property is located at 3-6 Witherbee Terrace Marlborough Marlborough, MA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 4‑building multifamily portfolio with 13 adjacent units on a dead‑end street; 12 of 13 units are occupied with professional property management in place; Multiple unit mix across the portfolio: large studios, 2‑bedrooms, 4‑bedroom single‑family, and additional studios
