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61-65 Broad St 16 Unit Apartment Building $5,096,766 CAD ($318,548 CAD/Unit) 7.50% Cap Rate Marlborough, MA 01752
Investment Highlights
- Rare opportunity to acquire a recently renovated 16-unit multi-family property in Marlborough’s growing market.
- Ample off-street parking available, supporting tenant convenience and retention.
- Situated on a corner lot with three separate buildings enhanced by attractive landscaping.
- Strong historical occupancy and low vacancy rate driven by location and quality improvements.
Executive Summary
Rare opportunity to acquire a recently renovated 16-unit property in highly desirable and rapidly growing Marlborough market. Situated on a corner lot, the property consists of three separate buildings surrounded by attractive landscaping.This investment offers strong and consistent performance, benefiting from a very low vacancy rate driven by its prime location and the quality of the apartments. The majority of units have been renovated within the past four years and feature modern finishes, including hardwood floors, granite countertops, shaker-style cabinetry, and stainless steel appliances—complete with dishwashers. (One studio unit will be renovated prior to closing.)Capital improvements extend beyond interiors, with updated plumbing and electrical systems throughout the property, providing added peace of mind for future ownership. The property also includes ample parking, enhancing convenience and appeal for residents. No showings until the 1st open house Sunday 5/3 from 12-1:30
Property Facts
| Price | $5,096,766 CAD | Building Class | C |
| Price Per Unit | $318,548 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 10,792 SF |
| Cap Rate | 7.50% | Average Occupancy | 99% |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RB | ||
| Price | $5,096,766 CAD |
| Price Per Unit | $318,548 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 10,792 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2022 |
| Opportunity Zone |
Yes |
| Zoning | RB |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | MARL-000080-000121 | Improvements Assessment | $1,185,756 CAD |
| Land Assessment | $538,362 CAD | Total Assessment | $1,724,118 CAD |
Property Taxes
Parcel Number
MARL-000080-000121
Land Assessment
$538,362 CAD
Improvements Assessment
$1,185,756 CAD
Total Assessment
$1,724,118 CAD
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61-65 Broad St
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