Four-Unit Apartment
346 Brown St Attleboro, MA 02703
New
346 Brown St, Attleboro, MA, 02703
$825,000
For Sale
$825,000
Four 2-bedroom, 1-bath units include off-street parking, with utilities separated between tenants and landlord.
Property Size2,900 SF
Lot Size0.21 Acres
Price / SF$284.48
Days on Market2
Property Features for 346 Brown St
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.21 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1970
Listing Agency
(339) 237-8721
Listed by
Matthew Real
(339) 237-8721
Source
Elliman
Added: Jul 16 Checked: Jul 17 at 2:17 am
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 Matthew Real
Investment Insights
Based on property information with market context.
346 Brown Street is a four-unit quadplex featuring four (4) 2-bedroom/1-bathroom apartments totaling 2,900 square feet of gross living area. The property includes six (6) off-street parking spaces. Tenants are responsible for electric-powered heat and hot water, as well as separately metered electricity paid directly to the utility. The landlord provides municipal water and sewer, which are paid directly.
The property is located in Attleboro and is described as having convenient access to established residential neighborhoods, local retail corridors, and major employment centers. The area’s commuter access includes Interstate 95, Route 1, and the Attleboro MBTA Commuter Rail Station with direct service to downtown Boston and Providence.
The asset is presented with some upside potential through raising current rents to market rates, subject to tenant and lease circumstances.
The property is located in Attleboro and is described as having convenient access to established residential neighborhoods, local retail corridors, and major employment centers. The area’s commuter access includes Interstate 95, Route 1, and the Attleboro MBTA Commuter Rail Station with direct service to downtown Boston and Providence.
The asset is presented with some upside potential through raising current rents to market rates, subject to tenant and lease circumstances.
Key Highlights
- 1970‑built four‑unit multifamily with four 2‑bedroom, 1‑bath apartments
- 2,900 SF gross living area on a 0.21‑acre parcel
- Six off‑street parking spaces
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 | $80.0k | $27.60 |
| − Vacancy | −$6.0k | −$2.07 |
| EGI | $74.0k | $25.53 |
| − OpEx | −$22.2k | −$7.66 |
| NOI | $51.8k | $17.87 |
2,900 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$740.4K
$647.8K – $863.8K
NOI $51,826 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$688.1K
$602.1K – $802.7K
NOI $48,164 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,624 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units include off-street parking, with utilities separated between tenants and landlord.
Where is this quadplex located?
The property is located at 346 Brown St Attleboro, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1970‑built four‑unit multifamily with four 2‑bedroom, 1‑bath apartments; 2,900 SF gross living area on a 0.21‑acre parcel; Six off‑street parking spaces
