13 Main Street_Property for Sale
13 Main Street_Property for Sale
13 Main Street, Lakeville, MA, 02347, US

13 Main Street

Description

Jones Lang LaSalle ("JLL") has been exclusively retained to offer qualified investors the opportunity to acquire 13 Main Street (the "Property"), a newly constructed Class A multifamily asset strategically positioned in Lakeville, Massachusetts. Delivered in 2025, this development has achieved 100% occupancy since delivery, demonstrating strong market acceptance and tenant demand. The 100% market rate Property features oversized units averaging 968 square feet with an attractive unit mix comprising 75% two-bedroom apartments.


The Property benefits from Lakeville's affluent demographics, including average household income exceeding $160,000 projected to grow 11.9% by 2030, and proximity to major regional employers across healthcare, education, and technology sectors. Located between Boston and Providence with Interstate 495 access, residents enjoy 45-minute connectivity to Boston and 40-minute access to Providence employment markets, enhanced by the recently opened South Coast Rail service.


The South Plymouth County submarket demonstrates strong rental fundamentals with 96.1% average 5-year occupancy rate and 3.9% annual rent growth, while Class A properties command premium rents averaging $2,784. The region's diverse economic base, combined with limited new supply and growing demand from skilled professionals creates favorable supply-demand dynamics. Average monthly mortgage payments in Lakeville are currently 75% more expensive than average monthly rent at 13 Main Street, driving sustained rental demand among professionals seeking quality living options with regional connectivity.


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Attributes

Number of units
40
Occupancy
100%
Year built
2025
Parking spaces
82
Land area gross
1.27 ha
Market rate
100%
Average unit size
968 SF

Media

Investment Highlights

  1. NEWLY CONSTRUCTED, MARKET-LEADING ASSET: This best-in-class multifamily asset delivered in 2025 achieved 100% occupancy since delivery with minimal capital requirements and institutional-grade quality that commands top-tier rents.
  2. AFFLUENT DEMOGRAPHICS AND STRONG EMPLOYMENT BASE: Lakeville's exceptional demographics feature average household income exceeding $160,000 with 11.9% projected growth by 2030, supported by access to major regional employers and Fortune 500 companies across Boston and Providence markets.
  3. STRATEGIC SOUTHEAST MASSACHUSETTS LOCATION: The property offers strategic positioning between Boston and Providence with 45-minute connectivity to both markets, enhanced by Interstate 495 access and the recently opened South Coast Rail service.
  4. STRONG MARKET FUNDAMENTALS: South Plymouth County demonstrates robust rental fundamentals with 96.1% average occupancy and 3.9% annual rent growth, while limited supply and growing skilled workforce demand create favorable market dynamics.
13 Main Street 4_Property for Sale
13 Main Street 4_Property for Sale

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13 Main Street (0 Properties)

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Last updated
9 Feb 2026