7-Unit Townhouse Apartment
For Sale
Under Contract
$2,649,000
1148 Bedford St, Abington, MA 02351
Residential Income, Abington, MA
Property Size5,254 SF
Lot Size0.38 Acres
Price / SF$504.19
Days on Market137
Property Features for 1148 Bedford St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 7, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 6
Parking
21
Directions
Bedford Street is Route 18
Standard status
Active Under Contract
APN
M:59 L:142,920742
Size
5,254 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
26877
Building Details
Year built
2016
Number of units
7
Listing Agency:
RE/MAX Realty Pros · RE/MAX International
(617) 328-3200
Listed By:
John Cummings
(857) 205-3589
Added: May 2
Changed: Sep 14
Last Checked: Sep 15 at 9:06PM
MLS# 73511666
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 2016, this 7-unit apartment building is arranged as three-level, one-bedroom townhouse residences. The 5,254-square-foot property includes hardwood flooring, granite countertops, stainless steel appliances, and in-unit laundry. Each residence has a dedicated one-car garage, while the site also provides additional off-street parking.
The building occupies 0.3758 acres at 1148 Bedford St in Abington, Massachusetts, and carries RES zoning. Its townhouse configuration and individually assigned garage spaces provide a consistent layout across the property. The asset has been maintained by the owner and has an established rental history.
The building occupies 0.3758 acres at 1148 Bedford St in Abington, Massachusetts, and carries RES zoning. Its townhouse configuration and individually assigned garage spaces provide a consistent layout across the property. The asset has been maintained by the owner and has an established rental history.
Key Highlights
- 7‑unit apartment building with three‑level, one‑bedroom townhouse residences
- 5,254 square feet on a 0.3758‑acre site
- Built in 2016 with RES zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,836
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Modern three-level apartments feature private garages, hardwood floors, granite counters, stainless appliances, and in-unit laundry.
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: 7‑unit apartment building with three‑level, one‑bedroom townhouse residences; 5,254 square feet on a 0.3758‑acre site; Built in 2016 with RES zoning
