Three-Unit Residential Income
30 Hope St Attleboro, MA 02703
30 Hope St, Attleboro, MA, 02703
$735,000
For Sale
$735,000
Well maintained three-family home with replacement windows, updated mechanicals, and parking for six cars.
Property Size2,571 SF
Price / SF$285.88
Days on Market51
Property Features for 30 Hope St
General Information
- Standard status
- Active
- Size
- 2,571 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Atlantic Properties
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: Jun 2 Updated: Jul 22 at 10:01AM Checked: Jul 22 at 10:01AM
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 Atlantic Properties
Investment Insights
Based on property information with market context.
This well maintained three-family residence offers three separate units with practical layouts. The first and second floor units each feature five rooms, with two bedrooms (possibly three), an eat-in kitchen, and a generous sized full bath. The third floor is a three-room, one-bedroom unit that was finished in the late 1980s and includes electric heat and hot water. Building improvements include replacement windows throughout, de-lead certificates for the first and second floors, newer boilers, water tanks, and a water line to the house. Additional updates include insulation added in 2020, and washer/dryer hookups in the basement with tenant storage.
The property is located on a side street close to downtown Attleboro, with access to train and bus stations, major highways, and shopping.
Parking is available via two driveways with space for six cars, and the home also includes a nice sized backyard.
The property is located on a side street close to downtown Attleboro, with access to train and bus stations, major highways, and shopping.
Parking is available via two driveways with space for six cars, and the home also includes a nice sized backyard.
Key Highlights
- Well‑maintained three‑family home (Year built 1900) with replacement windows throughout
- Two first‑floor and second‑floor units each feature 5 rooms with 2 (possibly 3) bedrooms, eat‑in kitchen, and full bath
- Third‑floor unit is a three‑room, one‑bedroom apartment; finished in the late 1980s with electric heat and hot water
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 | $71.0k | $27.60 |
| − Vacancy | −$5.3k | −$2.07 |
| EGI | $65.6k | $25.53 |
| − OpEx | −$19.7k | −$7.66 |
| NOI | $45.9k | $17.87 |
2,571 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$656.4K
$574.3K – $765.8K
NOI $45,946 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$610.0K
$533.8K – $711.7K
NOI $42,700 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,599 @ 7.0% cap · market cap 14.91%
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 home with replacement windows, updated mechanicals, and parking for six cars.
Where is this triplex located?
The property is located at 30 Hope St Attleboro, MA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Well‑maintained three‑family home (Year built 1900) with replacement windows throughout; Two first‑floor and second‑floor units each feature 5 rooms with 2 (possibly 3) bedrooms, eat‑in kitchen, and full bath; Third‑floor unit is a three‑room, one‑bedroom apartment; finished in the late 1980s with electric heat and hot water
