Ten-Unit Brick Apartment
4 Davis St Shirley, MA 01464
For Sale
$2,030,000
Fully tenanted 10-unit brick multifamily property with a mix of one-, two-, and three-bedroom apartments.
Property Size7,256 SF
Lot Size0.27 Acres
Price / SF$279.77
Days on Market88
Property Features for 4 Davis St
General Information
- Standard status
- Active
- Size
- 7,256 SF
- Lot size
- 0.27 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1885
Listing Agency:
NorthEast Private Client Group Newton
(413) 896-3060
Listed By:
James Casey · License #9552789
(413) 896-3060
Source:
Elliman
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 6:26PM
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 NorthEast Private Client Group Newton
Investment Insights
Based on property information with market context.
The Davis Street Apartments is a fully tenanted, income-generating 10-unit brick apartment building. The property includes approximately 7,256 square feet of finished living space across eight one-bedroom units, one two-bedroom unit, and one three-bedroom unit. The building sits on a 0.27-acre lot.
Located at 4 Davis Street in Shirley, Massachusetts, the asset is described as being in the heart of Shirley. WalkScore is 45 (car-dependent) and bikeScore is 37 (somewhat bikeable). Prospective buyers can tour the building by scheduled appointment.
This is a straightforward small multifamily offering with a defined unit mix—predominantly one-bedroom apartments—with additional two- and three-bedroom units as part of the 10-unit configuration.
Located at 4 Davis Street in Shirley, Massachusetts, the asset is described as being in the heart of Shirley. WalkScore is 45 (car-dependent) and bikeScore is 37 (somewhat bikeable). Prospective buyers can tour the building by scheduled appointment.
This is a straightforward small multifamily offering with a defined unit mix—predominantly one-bedroom apartments—with additional two- and three-bedroom units as part of the 10-unit configuration.
Key Highlights
- Fully tenanted 10‑unit multifamily property at 4 Davis Street in Shirley, MA.
- Brick apartment building offers approx. 7,256 SF of finished living space across 10 units.
- Unit mix includes eight 1‑bedroom units, one 2‑bedroom unit, and one 3‑bedroom unit.
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 | $276.9k | $38.16 |
| − Vacancy | −$14.4k | −$1.98 |
| EGI | $262.5k | $36.18 |
| − OpEx | −$118.1k | −$16.28 |
| NOI | $144.4k | $19.90 |
7,256 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.80M – $2.41M
NOI $144,370 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.30M
$3.76M – $5.01M
NOI $300,687 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully tenanted 10-unit brick multifamily property with a mix of one-, two-, and three-bedroom apartments.
Where is this apartment building located?
The property is located at 4 Davis St Shirley, MA.
What is the asking price?
The asking price for this property is $2,030,000.
What are key features of this property?
This property features: Fully tenanted 10‑unit multifamily property at 4 Davis Street in Shirley, MA.; Brick apartment building offers approx. 7,256 SF of finished living space across 10 units.; Unit mix includes eight 1‑bedroom units, one 2‑bedroom unit, and one 3‑bedroom unit.
