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Marcus & Millichap Brokers $5.6 Million Sale Of Elizabeth Court Apartments In Attleboro MA

Property Image
SOLD
$5,600,000

Massachusetts

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MultiFamily
Sold 09/25/2025
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Property Image
SOLD

Marcus & Millichap Brokers $5.6 Million Sale Of Elizabeth Court Apartments In Attleboro MA

61 Elizabeth Street

See Similar Deals
MultiFamily
Sold 09/25/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is Elizabeth Court Apartments, located at 61 Elizabeth Street in Attleboro, MA. The asset is a multifamily property featuring a total of 26 units, which includes 20 two-bedroom and six one-bedroom apartments. The sale price for the property was $5,600,000, resulting in a price per unit of $215,385. Additionally, the property has 32 parking spaces and was built in 1976, offering a value-add opportunity through potential rent increases.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,600,000
  • Units: 26
  • Price Per Unit: $215,385
  • Address: 61 Elizabeth Street
  • Market: Attleboro, MA
  • Parking Spaces: 32
  • Year Built: 1976

The transaction was facilitated by brokers Evan Griffith and Tony Pepdjonovic from Marcus & Millichap, representing the sale and ensuring the successful closing of this multifamily property deal.

Players

Evan Griffith
65 deals$388M volume
BROKER

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

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Evan Griffith & Tony Pepdjonovic DATE: 09/25/2025 ADDRESS: 61 Elizabeth Street MARKET: Attleboro, MA ASSET TYPE: MultiFamily BROKERS: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $5,600,000 UNITS: 26 ~ PPU: $215,385 NOTE: Marcus & Millichap brokered the $5.6 million sale of Elizabeth Court Apartments, a 26-unit multifamily property in downtown Attleboro, MA. Built in 1976, the asset offers 20 two-bedroom and six one-bedroom units with 32 parking spaces, presenting a value-add opportunity through rent increases.

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

$298,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28