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Marcus & Millichap has closed the $4 million sale of Pine Street Apartments, a multifamily community located at 166-174 Pine Street in Attleboro, MA. The property consists of three contiguous residential buildings situated within walking distance of downtown Attleboro and its amenities.
The marketing and sale were handled by Marcus & Millichap professionals based in the firm’s Boston office. Senior managing directors Tony Pepdjonovic and Evan Griffith were responsible for presenting the asset to the market on behalf of the seller and ultimately securing the buyer for the transaction.
According to Pepdjonovic, prospective purchasers responded to the seller’s consistent upkeep of the asset, noting that the properties had been maintained to a high standard. He also pointed to the site’s transit-oriented location, less than a half-mile from the Attleboro MBTA commuter rail station, as a key factor supporting investor interest in the offering.
Griffith highlighted that the acquisition offers the buyer solid in-place cash flow at closing, while still leaving room for future value creation. He noted that most of the units have undergone recent renovations, with only a small number of apartments remaining that have not been rehabbed, creating potential upside through targeted interior upgrades.
Pine Street Apartments is composed of 19 residential units arranged across the three buildings. The unit mix includes one-bedroom, two-bedroom, and three-bedroom layouts, providing a range of options for residents. The property’s position within a short walk of downtown Attleboro and its proximity to the MBTA station combine neighborhood convenience with regional connectivity for current and future tenants.
The transaction underscores the continued activity in smaller-scale multifamily investment sales in Attleboro, with buyers focusing on well-maintained, income-producing assets located near public transit and downtown amenity bases. Terms beyond the $4 million purchase price, including buyer and seller identities, were not disclosed in the announcement.
The post Marcus & Millichap Brokers $4M Sale of Pine Street Apartments Near Attleboro MBTA Station appeared first on CRE Market Beat.
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