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Marcus & Millichap Represents Seller In $7.1 Million Sale Of 30-Unit Multifamily Property
SOLD
$7,100,000
Massachusetts
See Similar DealsMultiFamily
Sold 10/24/2025
SOLD
Marcus & Millichap Represents Seller In $7.1 Million Sale Of 30-Unit Multifamily Property
11 Ashton Place
See Similar DealsMultiFamily
Sold 10/24/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
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.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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