EXTREMELY RARE opportunity to acquire a boutique 5-unit multifamily investment property in Hopkinton - currently THE ONLY multifamily asset available for sale in town! VALUE-ADD opportunity featuring IMMEDIATE RENTAL UPSIDE through BELOW-MARKET RENTS, stable in-place income, historical collections, and recent improvements. Unit mix includes 3 one-bed/one-bath units, 1 one bedroom+den/one-bath unit, and 1 two-bed/one-bath unit. Over $250K in recent improvements. Renovated units feature NEW LVP flooring, UPDATED kitchens & baths, NEW appliances, fresh paint, common laundry, assigned off-street parking, and NEWLY painted exterior. 100% occupied. Walkable to downtown Hopkinton amenities with convenient commuter access. Rare offering in a tightly held MetroWest market with limited multifamily inventory, scarce 1-bedroom rental supply, and location within a TOP-RANKED SCHOOL DISTRICT and Greater Boston’s premier suburban markets, with barriers to entry for multifamily product.
Hopkinton is located in Massachusetts. Hopkinton, Massachusetts has a population of 18,501. Hopkinton is more family-centric than the surrounding county with 52.76% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Hopkinton, Massachusetts is $179,192. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Hopkinton is 41.1 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 15 degrees. The average rainfall is approximately 49.1 inches per year, with 44.6 inches of snow per year.
