Updated Oct 30, 2025
Marcus & Millichap Represents Seller In $7.1 Million Sale Of 30-Unit Multifamily Property
11 Ashton Place
$7,100,000
Units
30
Asset Type
MultiFamily
Closing
Oct 24, 2025
About this deal
AI
Ashton Place Apartments is a 30-unit multifamily property located at 11 Ashton Place in Methuen, MA. The property was sold for $7,100,000, resulting in a price per unit of $236,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,100,000
- Units: 30
- Price Per Unit: $236,667
- Date of Sale: 10/24/2025
- Brokers: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap
Marcus & Millichap was involved in the transaction, representing the seller and securing the buyer for the deal. The transaction highlights the activity in the Merrimack Valley market for multifamily properties.
On the Map
$7,100,000
MultiFamily
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Methuen MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93