Attleboro Multifamily Investment
For Sale
$1,750,000
Pending
49 Dennis St, Attleboro, MA 02703
Immaculately maintained 9-unit building with value-add potential.
Property Size9,508 SF
Lot Size0.50 Acres
Days on Market312
Property Features for 49 Dennis St
General Information
Standard status
Pending
Size
9,508 SF
Lot size
0.50 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,223
Building Details
Building Size
9,508 SF
Year Built
1940
Stories
2
Units
9
Listing Agency:
Red Dome LLC
(617) 999-4993
Listed By:
J P Plunkett
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 2
Last Checked: Oct 4 at 10:44AM
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 Red Dome LLC
Investment Insights
Based on property information with market context.
Located in the City of Attleboro, this immaculately maintained multifamily property features 9 units, including 8 two-bedroom units and 1 three-bedroom unit. The property has been under the same family ownership and management for over 50 years, maintaining 100% occupancy with long-term tenants. The property offers a value-add opportunity with rents currently below market rates. Tenant parking is available at the rear of the building. The building includes separately metered utilities with baseboard electric heat and coin-operated laundry in the basement.
Key Highlights
- 100% occupancy with long‑term, loyal tenants
- Value‑add opportunity with under‑market rents
- Nine total units: eight 2‑bedroom and one 3‑bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,911
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,158,220
$3.2M
Cap Rate 7%
$2,255,871
$2.3M
Cap Rate 9%
$1,754,567
$1.8M
Market Conditions
NOI Build-Up for 9,508 SF
Gross rent
$308.1K $32.40/SF
− Vacancy
−$20.9K −$2.20/SF
EGI
$287.1K $30.20/SF
− OpEx
−$129.2K −$13.59/SF
NOI
$157.9K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,158,220
Cap Rate 7%
$2,255,871
Cap Rate 9%
$1,754,567
Alternative Uses
Best Use
Apartment 5plus
$2.26M
$1.97M – $2.63M
NOI $157,911 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.79M
$5.07M – $6.76M
NOI $405,315 @ 7.0% cap · market cap 23.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
Business Placement
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Immaculately maintained 9-unit building with value-add potential.
Where is this apartment building located?
The property is located at 49 Dennis St Attleboro, MA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 100% occupancy with long‑term, loyal tenants; Value‑add opportunity with under‑market rents; Nine total units: eight 2‑bedroom and one 3‑bedroom
