M
arcus & Millichap has announced the sale of a nine-unit multifamily property at 448 Mount Hope St. in North Attleboro, Massachusetts, for $2.4 million. Evan Griffith and Tony Pepdjonovic, senior vice presidents in Marcus & Millichap's Boston office, had the exclusive listing and procured the buyer.
The sale set a new pricing record for North Attleboro at $266,000 per unit, exceeding the asking price by $100,000 after receiving five offers. The property, built in 1988, features six two-bedroom townhouses and three one-bedroom flats with modern finishes and in-unit laundry. Recent renovations have eliminated deferred maintenance, providing a stable income stream for the buyer.
Located near the Attleboro MBTA Station and within walking distance of Falls Pond, the property offers convenient access to local amenities. The capitalization rate at sale was 6.42%.
