May 27, 2025 – Ethan Lazar of Horvath & Tremblay have successfully completed the sale of a 6-unit multi-family property in Northbridge, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,250,000.
46-56 Overlook Street is a two-story multi-family building in Northbridge, Massachusetts. The Property consists of six (6) residential units composed of 3-Bedroom/1-Bathroom direct-entry townhouse units with 6,048 square feet of living area on a 0.66-acre parcel. The Property also features ample on-site parking. In-place rents are below the current market rent for comparable units in the area, offering the potential to raise rents and increase current revenue through programmatic upgrades of unit interiors. The property is separately metered for utilities which the tenants pay directly and there are 6 separate basements and no common areas. The property is well-located along Overlook Street in the Whitinsville neighborhood of Northbridge. Whitinsville offers quiet residential neighborhoods and contains the majority of Northbridge’s commercial development. The Property is positioned just north of Main Street, the area’s primary commercial corridor, and provides convenient access to municipal offices, area schools, retailers, restaurants and the area’s largest employers. The Property is also close 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.