61-65 Broad St - Apartments FOR SALE


Marlborough, MA 01752
$3,749,000 USD
617-908-5653
61-65 Broad St, Marlborough, MA for Sale
$3,749,000 USD
Apartments - FOR SALE
1/18
null | 7.5% Cap Rate

61-65 Broad St
Marlborough, MA 01752


HIGHLIGHTS

  • Rare opportunity to acquire a recently renovated 16-unit multi-family property in Marlborough’s growing market.
  • Situated on a corner lot with three separate buildings enhanced by attractive landscaping.
  • Ample off-street parking available, supporting tenant convenience and retention.
  • Strong historical occupancy and low vacancy rate driven by location and quality improvements.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,749,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

16

PRICE/UNIT

$234,313

CAP RATE

7.5%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,097 SF

ZONING

RB

APN/PARCEL ID

MARL-000080-000121

ASK ABOUT THIS PROPERTY

Adam DaySteve Bremis Realty GroupMore Info
617-908-5653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam DaySteve Bremis Realty GroupMore Info
617-908-5653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.