$2.4 Million Multifamily Property Sold in North Attleboro

January 4, 2025 - 04:59

BOSTON– A nine-unit multifamily property located at 448 Mount Hope St. in North Attleboro, Massachusetts, has been sold for $2.4 million. The transaction was facilitated by Evan Griffith and Tony Pepdjonovic, senior vice presidents of investment sales. This sale highlights the ongoing demand for multifamily properties in the region, reflecting a robust real estate market.

The property, which is strategically situated in a growing area, attracted significant interest from investors looking to capitalize on the potential for rental income. The sale underscores the trend of urban migration, where individuals and families seek housing options that provide both convenience and community.

Griffith and Pepdjonovic noted that the successful closing of this deal is indicative of the strong fundamentals in the multifamily sector. With interest rates and economic conditions continually evolving, investors remain optimistic about the opportunities within the real estate market, particularly in suburban locations like North Attleboro.