Multifamily Comps

Why are Comparable Properties Important in Multifamily Real Estate?

Comparable properties, also known as comps, are important in multifamily real estate because they provide a benchmark for evaluating the value of a particular property. By comparing a property to similar properties that have recently sold in the same area, investors and appraisers can get a better understanding of the property’s value and potential for generating income.

There are several factors that can influence the value of a multifamily property, including the location, size, age, condition, and amenities of the property. By comparing a property to similar properties that have recently sold, investors and appraisers can take these factors into account and make more informed decisions about the property’s value.

In addition to helping investors and appraisers determine the value of a property, comparable properties can also be useful for negotiating the price of a property or for setting rental rates. By understanding the prices and rental rates of similar properties in the area, investors and landlords can make more informed decisions about how much to charge for rent or how much to offer for a property.

Overall, comparable properties are an important tool for evaluating the value of multifamily real estate and making informed decisions about buying, selling, or renting properties.

Summary Stats

Transactions

54

Avg $/SF

$359

Avg/$/Unit

$369,847

Volume

$3,822,508,629

Info as of June 9, 2025
Multifamily 25+ Units 

Italics Denotes Partial Sale

 

CityProperty NameAddressUnitsSF$/SF$/UnitSale PriceClose DateBuyerSeller
South EastonThe Elmstead7 Roosevelt Cir 100 97,262339.28975344945330000 33,000,00005/15/25JP Morgan REITFPA Multifamily
WestboroughParc Westborough346 Turnpike Rd 249 293,764327.3886521153386244.97991968 96,175,00005/15/25ApolloCottonwood Residential
FranklinThe Westerly at Forge Park50 Woodview Way 280 246,359409.97258472392360715.84285714 101,000,43605/06/25DSF GroupWood Partners
FraminghamParkside Apartments301 Grant St 30 20,360368.36935166994250000 7,500,00004/11/25Zanzibar Asset ManagementVTT Property Management
Brookline2 Clark Rd2 Clark Rd 35 34,670216.32535333141214285.71428571 7,500,00004/03/25Jeffrey P AllenMaimondses School
NeedhamThe Kendrick275 2nd Ave 390 475,000382.63157894737466025.64102564 181,750,00004/02/25Harbor Group InternationalToll Brothers
Haverhill0-2 S Grove St0-2 S Grove St 40 41,436292.0166039193302500 12,100,00004/02/25Arrowpoint PropertiesOn The Rail Realty
MaldenAltitude Apartments211 Kennedy Dr 919 884,368303.04126788848291621.32752992 268,000,00003/31/25RockpointMetropolitan Properties
ChelseaAtlas Lofts88 Gerrish Ave 53 57,143279.99930000175301886.79245283 16,000,00003/28/25United Properties, Inc.Rhino Capital
QuincyPresidential Estates1020 Southern Artery 276 278,826265.39849224965268115.94202899 74,000,00003/24/25SMG Inc.Mutual Realty & Investment Co
MattapanSoMa Apartments15 Bismarck St 347 296,340303.70520348249259365.99423631 90,000,00003/07/25City of BostonDSF Group
BeverlyThe Flats at 131131 Rantoul St72 98,547280.06940850559383333.3333333327,600,00001/27/25The Praedium GroupBeverly Crossing
BeverlyThe Block at Odell Park140 Rantoul St106 118,110445.77089154178496698.1132075552,650,00001/27/25The Praedium GroupBeverly Crossing
BeverlyCanvas199-211 Rantoul St126 185,371279.49355616574411190.4761904851,810,00001/27/25The Praedium GroupBeverly Crossing
BeverlyLink 480480 Rantoul St90 106,733280.51305594334332666.6666666729,940,00001/27/25The Praedium GroupBeverly Crossing
BostonBennington Arms720 Bennington St28 17,955406.57198551935260714.285714297,300,00001/24/25Duration Holdings ManagementLongwood Group
WeymouthThe Commons At Southfield Highlands200-220 Trotter Rd298 361,420285.26368214266345973.15436242103,100,00001/22/25BlackRockJohn M Corcoran
PlymouthCarver Landing32-98 Paul Francis Way34 97,67486.254642996089247789.294117658,424,83601/10/25Terra Living PartnersMegryco
West RoxburyWillets Landing4945 Washington St48 47,537394.57395292088390767.9583333318,756,86212/30/24A & E Fire Protection, Inc.Vacca Property Management
Mattapan760 Cummins Highway760 Cummins Hwy38 25,973359.98921957417246052.631578959,350,00012/19/24ArchistructuresHelge Capital
BostonToren Flats44 N Beacon St30 40,004524.9475052494870000021,000,00012/18/24Kanden Realty & Development CoBREC
BostonBaker Chocolate Factory Apartments1220 Adams St 133 106,731384.14331356401308270.67669173 41,000,00012/16/24Wingate CompaniesFairfield
HudsonMatrix Hudson1000 Matrix Way 176 211,255315.96885280822379261.36363636 66,750,00012/12/24Zurich Alternative Asset ManagementClaremont Companies
MedwayHathon39 Main St 190 270,616279.36263931179397894.73684211 75,600,00012/11/24Eaton VanceToll Brothers
NortonAvana East Main274 E Main St188 289,000246.53979238754378989.3617021371,250,00012/06/24Greystar Real Estate PartnersJones Street/Campenelli
Boston1330 Boylston1330 Boylston St200 200,000725725000145,000,00012/05/24Samuels
LowellThe Residences at Crosspoint42 Wellman St 240 403,574210.8039665588354479.16666667 85,075,00012/04/24Osso CapitalSMC Management
PlymouthMarq at The Pinehills40 Pinehills Dr220 264,209327.39232955728393181.8181818286,500,00011/26/24Alliance Residential CompanyThe Hanover Co/John Hancock
DanversBrightview Danvers50 Endicott St160 160,000277.92527792544,468,00011/25/24Morgan Stanley & Co. LLCPGIM
NewtonModera Newton2 Los Angeles St205 194,191587.05089319278556097.56097561114,000,00011/08/24Mill Creek ResidentialCriterion Development
HanoverWebster Woods295 Webster St76 100,646257.83438984162341447.3684210525,950,00011/07/24COPA Real Estate InvestmentsJones Street
WeymouthTammy Brook155 King Ave90 86,396275.47571646836264444.4444444423,800,00011/06/24Preservation Equity Fund Advisors, LLCBeacon Communities
BostonSpring Street Apartments97 Spring St32 34,500263.04347826087283593.759,075,00010/31/24Block PropertiesSpring Street Associates
SaugusThe Residences at Stevens Pond1 Founders Way326 390,486398.86193102954477760.73619632155,750,00010/30/24WatertonJRK
EverettThe Batch Yard25 Charlton St328 279,203505.36706267483430182.92682927141,100,00010/28/24LCORPost Road Residential
LawrenceWashington Mill 240240-270 Canal St435 335,954362.4008048721279885.05747126121,750,00010/17/24Osso Capital LLCBerkeley Investments
Boston100 Hemenway100 Hemenway St50 69,198520.2462498916272000036,000,00010/16/24WingateDavis
BostonOne Greenway99 Kneeland St217 181,442680.24326230972568777.41013825123,424,69810/10/24AIR CommunitiesPGIM
HaverhillThe Ellis Factory24 Essex St59 59,530230.13606584915232203.3898305113,700,00010/08/24SMC Management CorporationChinburg Properties
ShrewsburyBell Shrewsbury35 Harrington Ave250 276,621347.0452351773738400096,000,00010/03/24Bell Partners, Inc.BlueRock
BostonVelo Forest Hills3686 Washington St250 235,000436.17021276596410000102,500,00009/25/24NuveenCriterion Development
BillericaThe Villas at Old Concord4 Riverhurst Rd324 440,376260.00508656239353395.0617284114,500,00009/24/24TruAmerica MultifamilyThe Hanover Company
Boston11 Tetlow St11 Tetlow St62 35,800519.51946927374299980.5967741918,598,79709/20/24The Isabella Stewart Gardner MuseumJoy Realty Associates
BostonFenway PortfolioWestland Ave & Park Dr222 159,184639.98266157403458896.3963964101,875,00009/20/24Forest PropertiesJoy Realty Associates
WalthamThe Point at Waltham341 2nd Ave191 238,065382.24854556529476439.7905759291,000,00009/17/24Pantzer PropertiesAlliance Residential
SomersetShawomet Gardens102 Shawomet Ave240 249,273142.8153069125148333.3333333335,600,00009/13/24SMGEastern Property Group
WalthamReNew Waltham20 Middlesex Cir696 656,847336.4558260904317528.73563218221,000,00009/12/24FPA MultifamilyHarbor Group International
WaylandOxbow Wayland490 Boston Post Rd 218 253,578389.22934954925452752.29357798 98,700,00008/23/24BlackRockWood Partners
Lynn175 Ocean St175 Ocean St46 34,251364.95284809203271739.13043478 12,500,00007/31/24Brickpoint PropertiesBayview Realty Corp
Worcester556 Mill St556 Mill St54 42,123240.96099518078187962.96296296 10,150,00007/31/24Arrowpoint PropertiesChase Family Trust
NewtonCurtis Arms Apartments128 North St44 43,092353.89399424487346590.90909091 15,250,00007/24/24Rincon CompaniesCasella Family LP
BostonLUKA on the Commons45 Stuart St398 384,000552.08333333333532663.31658291 212,000,00007/17/24Carmel PartnersAvalonBay
BostonBoston East126 Border St200 216,000394.67592592593426250 85,250,00007/10/24Goldman Sachs Asset ManagementAmerican Realty Advisors
Melrose119 W Wyoming Ave119 W Wyoming Ave36 30,448342.71544929059289861.11111111 10,435,00006/07/24Symes AssociatesCMS Partners
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