Four-Unit Residence with Walk-Up
New
For Sale
$719,900
579 Newport Ave, Attleboro, MA 02703
R4-zoned multifamily property with coin-operated laundry, separate unit electric meters, and individual basement storage.
Property Size3,409 SF
Days on Market4
Property Features for 579 Newport Ave
General Information
Standard status
Active
Size
3,409 SF
Property subtype
4 Family
Units
Multifamily Units
4
Individually Metered Utilities
electric
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,698
Amenities
off-street parking
private backyard
exterior deck
coin-op laundry
Building Details
Building Size
3,409 SF
Year Built
1910
Listing Agency:
Hargrove & Associates Real Estate, LLC
Listed By:
Jason Hargrove · License #455014190
(508) 527-3523
Source:
Donnellyandco
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 1:03PM
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 Hargrove & Associates Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, this four-unit residential property contains 3,409 square feet. The walk-up attic above Units 2 and 4 is used for storage, while the basement provides separate storage areas for each apartment and coin-operated laundry. Two units have updated kitchens and bathrooms. Each apartment has its own electric meter and panel; a zoned heating boiler serves the building, along with a new hot water tank.
The property occupies a 0.39-acre parcel with off-street parking, an exterior deck, and a private backyard. It is located minutes from downtown Attleboro and the MBTA Commuter Rail.
The property occupies a 0.39-acre parcel with off-street parking, an exterior deck, and a private backyard. It is located minutes from downtown Attleboro and the MBTA Commuter Rail.
Key Highlights
- Four residential units in a 3,409‑square‑foot building constructed in 1910
- R4 zoning
- Walk‑up attic above Units 2 and 4, currently used for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,922
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,440
$1.2M
Cap Rate 7%
$870,314
$870.3K
Cap Rate 9%
$676,911
$676.9K
Market Conditions
NOI Build-Up for 3,409 SF
Gross rent
$94.1K $27.60/SF
− Vacancy
−$7.1K −$2.07/SF
EGI
$87.0K $25.53/SF
− OpEx
−$26.1K −$7.66/SF
NOI
$60.9K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,440
Cap Rate 7%
$870,314
Cap Rate 9%
$676,911
Alternative Uses
Best Use
Multifamily LT 5
$870.3K
$761.5K – $1.02M
NOI $60,922 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$808.8K
$707.7K – $943.6K
NOI $56,617 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,322 @ 7.0% cap · market cap 20.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
375
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
$409,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Bristol County, MA
Properties on Market for Quadplexes in Bristol County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - R4-zoned multifamily property with coin-operated laundry, separate unit electric meters, and individual basement storage.
Where is this quadplex located?
The property is located at 579 Newport Ave Attleboro, MA.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Four residential units in a 3,409‑square‑foot building constructed in 1910; R4 zoning; Walk‑up attic above Units 2 and 4, currently used for storage
