March 4, 2025 – Jason Kulik and Sam Peck of Horvath & Tremblay have successfully completed the sale of a 6-unit multi-family property in Taunton, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $825,000.
580 Bay Street is a multi-family building in Taunton, Massachusetts. The Property consists of a three-story building containing six (6) residential units comprised of three (3), 2-Bedroom/1 Bathroom units and three (3), 1-Bedroom/1-Bathroom units with 4,449 square feet of living area in 6,470 total gross square feet. The Property is situated on a 0.19-acre corner parcel of land and features an on-site laundry facility and on-site parking available for tenants. In-place rents are significantly below the current market rates; the opportunity exists to increase income via programmatic updates to the unrenovated units, common areas, and exterior to drive rental rates in an urban-infill, high demand/supply constrained residential market. 580 Bay Street is well-located in a renter-dominated market and well-maintained with low historical vacancy. There is a limited supply of multi family property in Bristol County with a high demand for rental units. The Property is situated on the north side of Taunton and offers tenants convenient access to Downtown Taunton, municipal offices, area schools, area shopping (Walmart Supercenter, Market Basket, Trucchi’s, Walgreens, CVS), several options for restaurants and bars, and convenient access to the area’s major roadways.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.