508-505-0832
13 Main St, Lakeville, MA for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate

13 Main St
Lakeville, MA 02347


OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

40

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.13 AC

LAND SF

136,375 SF

ZONING

-

APN/PARCEL ID

060 007 001A

ASK ABOUT THIS PROPERTY

508-505-0832

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508-505-0832

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