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10 Parlmont Park
North Billerica, MA 01862
Parlmont Park Apartments · Multifamily Property For Sale
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216 Units
Investment Highlights
- Generational Ownership Opportunity – 216-unit community owned and professionally managed by the same group for 50+ years.
- Efficient, In-Demand Unit Mix – 93% one- and two-bedroom units supporting strong leasing velocity and occupancy.
- Clear Value-Add Potential – Opportunity to push rents through light upgrades on well-maintained classic units.
- Scale in Supply-Constrained Market – Rare opportunity to acquire size and history along the I-495 corridor north of Boston.
- Proven Financial Momentum – Strong recent NOI growth driven by revenue gains and improved expense management.
- Transit-Accessible Location – Direct access to I-95, I-495, Route 3, and commuter rail connectivity to major job centers.
Executive Summary
Broker of Record
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Sale Type | Investment | Building Size | 187,355 SF |
| No. Units | 216 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1970/1975 |
| Lot Size | 7.88 AC |
| Sale Type | Investment |
| No. Units | 216 |
| Property Type | Multifamily |
| Lot Size | 7.88 AC |
| Building Size | 187,355 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1970/1975 |
Property Taxes
| Parcel Number | BILL-000031-000034-000001 | Improvements Assessment | $49,920,865 CAD |
| Land Assessment | $17,725,132 CAD | Total Assessment | $67,645,998 CAD |
Property Taxes
Parcel Number
BILL-000031-000034-000001
Land Assessment
$17,725,132 CAD
Improvements Assessment
$49,920,865 CAD
Total Assessment
$67,645,998 CAD
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