Boutique Five-Unit
6 Mayhew Hopkinton, MA 01748
6 Mayhew, Hopkinton, MA, 01748
$1,699,000
For Sale
$1,699,000
Boutique five-unit property with 100% occupancy, updated interiors, and in-building laundry with assigned off-street parking.
Property Size4,000 SF
Price / SF$424.75
Days on Market66
Property Features for 6 Mayhew
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
REC Partners Realty
(508) 567-7189
Listed by
Ryan Mastroianni
Source
Eganrealtygroup
Added: May 18 Updated: Jul 21 at 3:07PM Checked: Jul 21 at 3:07PM
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 REC Partners Realty
Investment Insights
Based on property information with market context.
This five-unit multifamily property features a unit mix of three one-bedroom one-bath units, one one-bedroom plus den one-bath unit, and one two-bedroom one-bath unit. The property is currently 100% occupied. Recent updates include new LVP flooring, updated kitchens and baths, new appliances, fresh paint, and a common laundry area, along with an exterior that has been newly painted.
The building is located at 6 Mayhew in Hopkinton and offers convenient commuter access, with walkability to downtown Hopkinton amenities.
Tenants have assigned off-street parking, supporting everyday usability across the property’s residential unit mix.
The building is located at 6 Mayhew in Hopkinton and offers convenient commuter access, with walkability to downtown Hopkinton amenities.
Tenants have assigned off-street parking, supporting everyday usability across the property’s residential unit mix.
Key Highlights
- 5‑unit multifamily property built in 1900 with 100% occupancy.
- Unit mix: three 1 bed/1 bath units, one 1 bed + den/1 bath unit, and one 2 bed/1 bath unit.
- Over $250K in recent improvements, including updated kitchens and baths.
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 | $152.6k | $38.16 |
| − Vacancy | −$7.9k | −$1.98 |
| EGI | $144.7k | $36.18 |
| − OpEx | −$65.1k | −$16.28 |
| NOI | $79.6k | $19.90 |
4,000 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$994.8K – $1.33M
NOI $79,586 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,759 @ 7.0% cap · market cap 9.76%
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 - Boutique five-unit property with 100% occupancy, updated interiors, and in-building laundry with assigned off-street parking.
Where is this apartment building located?
The property is located at 6 Mayhew Hopkinton, MA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 5‑unit multifamily property built in 1900 with 100% occupancy.; Unit mix: three 1 bed/1 bath units, one 1 bed + den/1 bath unit, and one 2 bed/1 bath unit.; Over $250K in recent improvements, including updated kitchens and baths.
