Turnkey 7-Unit Townhouse
For Sale
$2,649,000
Pending
1148 Bedford St, Abington, MA 02351
Meticulously maintained 7-unit townhouse building with garages under.
Property Size5,254 SF
Days on Market162
Property Features for 1148 Bedford St
General Information
Standard status
Pending
Size
5,254 SF
Property subtype
5-9 Family
Taxes and HOA fees
Annual Taxes
$26,877
Building Details
Building Size
5,254 SF
Year Built
2016
Listing Agency:
RE/MAX Realty Pros
Listed By:
Tom McFarland · License #9008924
(617) 328-3200
Source:
Allisonmazer
Added: May 2
Changed: Sep 27
Last Checked: Oct 10 at 1:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty Pros
Investment Insights
Based on property information with market context.
This is a 7-unit townhouse building featuring garages under. The modern building has been meticulously maintained. The three-level, one-bedroom townhouse units have a solid rental history and feature hardwood floors, granite countertops, stainless appliances, and in-unit laundry. Each unit has its own one-car garage, and the site offers ample additional off-street parking. The property size is 5254 square feet. The building can continue to operate as rentals or be converted to condominiums.
Key Highlights
- Turnkey 7‑unit townhouse building: Ready for immediate operation.
- Garages under each unit: Provides secure, private parking.
- Modern building built in 2016.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,836
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,720
$1.6M
Cap Rate 7%
$1,169,086
$1.2M
Cap Rate 9%
$909,289
$909.3K
Market Conditions
NOI Build-Up for 5,254 SF
Gross rent
$157.6K $30.00/SF
− Vacancy
−$8.8K −$1.68/SF
EGI
$148.8K $28.32/SF
− OpEx
−$67.0K −$12.74/SF
NOI
$81.8K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,720
Cap Rate 7%
$1,169,086
Cap Rate 9%
$909,289
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,836 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,724 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Explore this area
Business Placement
Demographics for 02351, MA
17,085
Population
6,576
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,709
Density / Sq Mi
$119,787
Median Household Income
$61,646
Median Earnings
$1,547
Median Rent
$516,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Meticulously maintained 7-unit townhouse building with garages under.
Where is this apartment building located?
The property is located at 1148 Bedford St Abington, MA.
What is the asking price?
The asking price for this property is $2,649,000.
What are key features of this property?
This property features: Turnkey 7‑unit townhouse building: Ready for immediate operation.; Garages under each unit: Provides secure, private parking.; Modern building built in 2016.
