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6 Mayhew St - Rare Hopkinton Multifamily | 6 Mayhew Street 5 Unit Apartment Building Offered at $2,352,316 CAD Hopkinton, MA 01748
Investment Highlights
- VALUE-ADD MULTIFAMILY WITH IMMEDIATE RENTAL UPSIDE — 100% occupied boutique 5-unit asset featuring below-market rents and significant rental upside
- RARE HOPKINTON MULTIFAMILY IN PREMIER METROWEST MARKET — Only multifamily available in town with strong rental demand and convenient commuter acces
- OVER $250K IN RECENT IMPROVEMENTS | TURNKEY MULTIFAMILY — Renovated units, updated kitchens & baths, new finishes, laundry, and parking
Executive Summary
Rare opportunity to acquire a boutique 5-unit multifamily investment property in Hopkinton — currently the only multifamily asset available for sale in town.
Value-add opportunity featuring immediate rental upside through below-market rents, stable in-place income, strong historical collections, and 100% occupancy. Unit mix includes (3) 1BR/1BA units, (1) 1BR+den/1BA unit, and (1) 2BR/1BA unit. Over $250K in recent improvements, including renovated units with updated kitchens & baths, new flooring, appliances, paint, common laundry, parking, and exterior improvements. Walkable downtown location with commuter access in a tightly held MetroWest market with strong rental fundamentals.
Financials, rent roll, and supplemental property information available upon request through listing broker.
Value-add opportunity featuring immediate rental upside through below-market rents, stable in-place income, strong historical collections, and 100% occupancy. Unit mix includes (3) 1BR/1BA units, (1) 1BR+den/1BA unit, and (1) 2BR/1BA unit. Over $250K in recent improvements, including renovated units with updated kitchens & baths, new flooring, appliances, paint, common laundry, parking, and exterior improvements. Walkable downtown location with commuter access in a tightly held MetroWest market with strong rental fundamentals.
Financials, rent roll, and supplemental property information available upon request through listing broker.
Property Facts
| Price | $2,352,316 CAD | Lot Size | 0.16 AC |
| Price Per Unit | $470,463 CAD | Building Size | 4,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 2/1,000 SF |
| Zoning | RA - Residential A Zoning District | ||
| Price | $2,352,316 CAD |
| Price Per Unit | $470,463 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.16 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2022 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RA - Residential A Zoning District |
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Storage Space
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Vintage Building
- Storage Space
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,734 CAD | 700 - 800 |
| 2+1 | 1 | $3,461 CAD | 1,000 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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Presented by
REC Partners
6 Mayhew St - Rare Hopkinton Multifamily | 6 Mayhew Street
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