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Marcus Millichap Sells 34 Unit Johns Avenue Apartments Holbrook Massachusetts

Property Image
SOLD
$7,000,000

Massachusetts

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MultiFamily
Sold 07/27/2025
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Property Image
SOLD

Marcus Millichap Sells 34 Unit Johns Avenue Apartments Holbrook Massachusetts

3 Johns Avenue

See Similar Deals
MultiFamily
Sold 07/27/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

The Johns Avenue Apartments is a 34-unit multifamily property at 3 Johns Avenue in Holbrook, MA, that sold for $7,000,000 ($205,882 per unit) in the Holbrook market.

Summary of transation details:

The deal was brokered by Marcus & Millichap's Griffith Pepdjonovic Group, led by Tony Pepdjonovic and Evan Griffith, amid strong investor demand for mid-sized assets.

Players

Evan Griffith
65 deals$388M volume
BROKER

Tony Pepdjonovic
Marcus & Millichap
77 deals$383.6M volume
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Tony Pepdjonovic & Evan Griffith DATE: 07/27/2025 ADDRESS: 3 Johns Avenue MARKET: Holbrook, MA ASSET TYPE: Multifamily BROKERS: Tony Pepdjonovic & Evan Griffith - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $7,000,000 UNITS: 34 ~ PPU: $205,882 NOTE: Marcus & Millichap’s Griffith Pepdjonovic Group brokered the $7M sale of Johns Avenue Apartments, a 34-unit multifamily property in Holbrook, MA, amid strong investor demand for mid-sized assets.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85