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13 Main St 40 Unit Apartment Building For Sale Lakeville, MA 02347
Executive Summary
Jones Lang LaSalle ("JLL") has been exclusively retained to offer qualified investors the opportunity to acquire 13 Main Street (the "Property"), a newly constructed Class A multifamily asset strategically positioned in Lakeville, Massachusetts. Delivered in 2025, this development has achieved 100% occupancy since delivery, demonstrating strong market acceptance and tenant demand. The 100% market rate Property features oversized units averaging 968 square feet with an attractive unit mix comprising 75% two-bedroom apartments.
The Property benefits from Lakeville's affluent demographics, including average household income exceeding $160,000 projected to grow 11.9% by 2030, and proximity to major regional employers across healthcare, education, and technology sectors. Located between Boston and Providence with Interstate 495 access, residents enjoy 45-minute connectivity to Boston and 40-minute access to Providence employment markets, enhanced by the recently opened South Coast Rail service.
The South Plymouth County submarket demonstrates strong rental fundamentals with 96.1% average 5-year occupancy rate and 3.9% annual rent growth, while Class A properties command premium rents averaging $2,784. The region's diverse economic base, combined with limited new supply and growing demand from skilled professionals creates favorable supply-demand dynamics. Average monthly mortgage payments in Lakeville are currently 75% more expensive than average monthly rent at 13 Main Street, driving sustained rental demand among professionals seeking quality living options with regional connectivity.
The Property benefits from Lakeville's affluent demographics, including average household income exceeding $160,000 projected to grow 11.9% by 2030, and proximity to major regional employers across healthcare, education, and technology sectors. Located between Boston and Providence with Interstate 495 access, residents enjoy 45-minute connectivity to Boston and 40-minute access to Providence employment markets, enhanced by the recently opened South Coast Rail service.
The South Plymouth County submarket demonstrates strong rental fundamentals with 96.1% average 5-year occupancy rate and 3.9% annual rent growth, while Class A properties command premium rents averaging $2,784. The region's diverse economic base, combined with limited new supply and growing demand from skilled professionals creates favorable supply-demand dynamics. Average monthly mortgage payments in Lakeville are currently 75% more expensive than average monthly rent at 13 Main Street, driving sustained rental demand among professionals seeking quality living options with regional connectivity.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 40 | Lot Size | 3.13 AC |
| Property Type | Multifamily | Building Size | 40,000 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2025 |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 3.13 AC |
| Building Size | 40,000 SF |
| No. Stories | 4 |
| Year Built | 2025 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 772 |
| 2+2 | 30 | - | 1,034 |
Property Taxes
| Parcel Number | 060 007 001A | Improvements Assessment | $3,611,097 CAD |
| Land Assessment | $351,676 CAD | Total Assessment | $3,962,773 CAD |
Property Taxes
Parcel Number
060 007 001A
Land Assessment
$351,676 CAD
Improvements Assessment
$3,611,097 CAD
Total Assessment
$3,962,773 CAD
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