Brick 10-Unit Multifamily
4 Davis Street Shirley, MA 01464
4 Davis Street, Shirley, MA, 01464
$2,145,000
For Sale
$2,145,000
Fully tenanted brick apartment building with 10 units totaling 7,256 finished living square feet.
Property Size7,256 SF
Lot Size0.27 Acres
Price / SF$295.62
Days on Market183
Property Features for 4 Davis Street
General Information
- Standard status
- Active
- Size
- 7,256 SF
- Lot size
- 0.27 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1885
Listing agency
Northeast Private Client Group,LLC
Listed by
Francis Saenz
(617) 846-8000
Source
Highlandre
Added: Jan 19 Updated: Jul 20 at 9:31PM Checked: Jul 21 at 7:33AM
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,LLC
Investment Insights
Based on property information with market context.
The Davis Street Apartments is a fully tenanted, income-generating brick multifamily property comprising 10 residential units. The building offers approximately 7,256 square feet of finished living space across a mix of layouts, including eight one-bedroom units, one two-bedroom unit, and one three-bedroom unit. The property is situated on a 0.27-acre lot.
Located in the heart of Shirley, Massachusetts at 4 Davis Street, the building is positioned for commuter demand, supported by a stated strong rental history.
This offering presents a straightforward 10-unit configuration with multiple unit sizes inside one brick apartment building, providing scale and tenancy as presented.
Located in the heart of Shirley, Massachusetts at 4 Davis Street, the building is positioned for commuter demand, supported by a stated strong rental history.
This offering presents a straightforward 10-unit configuration with multiple unit sizes inside one brick apartment building, providing scale and tenancy as presented.
Key Highlights
- Fully tenanted, income‑generating 10‑unit multifamily building at 4 Davis Street in Shirley, MA
- Brick apartment building built in 1885 with approx. 7,256 finished living SF across 10 units
- Unit mix: eight 1‑bedroom units, one 2‑bedroom, and one 3‑bedroom
Local 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 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.30M
$3.76M – $5.01M
NOI $300,687 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully tenanted brick apartment building with 10 units totaling 7,256 finished living square feet.
Where is this apartment building located?
The property is located at 4 Davis Street Shirley, MA.
What is the asking price?
The asking price for this property is $2,145,000.
What are key features of this property?
This property features: Fully tenanted, income‑generating 10‑unit multifamily building at 4 Davis Street in Shirley, MA; Brick apartment building built in 1885 with approx. 7,256 finished living SF across 10 units; Unit mix: eight 1‑bedroom units, one 2‑bedroom, and one 3‑bedroom
