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$3,749,000
Total Beds: 27 Total Baths: 16
Total Units: 16 SQFT: 10792
LOT size: 0.37 Acres
61-65 Broad Street
Marlborough, MA 01752
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Property Description

Rare opportunity to acquire a recently renovated 16-unit property in highly desirable and rapidly growing Marlborough market. Situated on a corner lot, the property consists of three separate buildings surrounded by attractive landscaping.This investment offers strong and consistent performance, benefiting from a very low vacancy rate driven by its prime location and the quality of the apartments. The majority of units have been renovated within the past four years and feature modern finishes, including hardwood floors, granite countertops, shaker-style cabinetry, and stainless steel appliances—complete with dishwashers. (One studio unit will be renovated prior to closing.)Capital improvements extend beyond interiors, with updated plumbing and electrical systems throughout the property, providing added peace of mind for future ownership. The property also includes ample parking, enhancing convenience and appeal for residents.

Property Details

Building Information

  • Total Units: 16
  • Total Floors: 5
  • Total Bedrooms: 27
  • Total Full Baths: 16
  • Common Appliances: Dryer, Washer

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 345000
  • Gross Expenses: 66311
  • Electric Expenses: 8913
  • Water/Sewer: 8546
  • INSC: 11080
  • Repairs & Maintenance: 6637
  • RFS: 5234
  • Miscellaneous Expense: 720
  • Net Operating Income: 278689

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73510776
  • Last Updated: 05/07/26

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Map

Seller's Representative: The Steve Bremis Team, Steve Bremis Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-05-07 09:57:00