Victorian Two-Family
For Sale
$1,399,000
1161 Franklin Street, Stoneham, MA 02180
Renovated residences combine period character, updated kitchens and baths, separate utilities, private outdoor areas, and flexible finished space.
Property Size4,643 SF
Price / SF$301.31
Days on Market59
Property Features for 1161 Franklin Street
General Information
Standard status
Active
Size
4,643 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
in-unit laundry
patio
fenced yard
grapevine-covered entertaining space
Building Details
Year Built
1910
Buildings
1
Construction
Victorian
Listing Agency:
Diamond Key Real Estate
Listed By:
Kerry Lapiana · License #9552234
(781) 205-9816
Source:
Hammondre
Added: Aug 24
Changed: Oct 21
Last Checked: Oct 20 at 11:53PM
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 Diamond Key Real Estate
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Investment Insights
Based on property information with market context.
Built in 1910, this 4,643-square-foot Victorian duplex contains two residences with a combined 13+ rooms, 6 bedrooms, and 3 full baths. The first-floor unit offers 5 rooms, 3 bedrooms, 2 full baths, a finished lower level with an additional full bath, a custom kitchen with quartz counters and smart-enabled appliances, in-unit laundry, and access to a rear patio. The second-floor residence includes 7 rooms, 3 bedrooms, and a finished third-floor retreat with 2 additional rooms, along with an open-concept living area, updated kitchen, dining space, and in-unit laundry.
The property includes separate gas and electric meters, dedicated water heaters, independent climate control, high-efficiency heating and cooling systems, and Brazilian Oak hardwood flooring. Exterior features include a detached 2-car garage, substantial off-street parking, a fenced yard, front lawn, mature landscaping, cottage-inspired gardens, and a grapevine-covered outdoor entertaining area. The home is located in Stoneham near the Melrose line.
The property includes separate gas and electric meters, dedicated water heaters, independent climate control, high-efficiency heating and cooling systems, and Brazilian Oak hardwood flooring. Exterior features include a detached 2-car garage, substantial off-street parking, a fenced yard, front lawn, mature landscaping, cottage-inspired gardens, and a grapevine-covered outdoor entertaining area. The home is located in Stoneham near the Melrose line.
Key Highlights
- 4,643‑square‑foot Victorian duplex built in 1910
- Two residences with 13+ rooms, 6 bedrooms, and 3 full baths
- First‑floor unit includes 5 rooms, 3 bedrooms, and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,248
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,964,960
$2.0M
Cap Rate 7%
$1,403,543
$1.4M
Cap Rate 9%
$1,091,644
$1.1M
Market Conditions
NOI Build-Up for 4,643 SF
Gross rent
$147.6K $31.80/SF
− Vacancy
−$7.3K −$1.57/SF
EGI
$140.4K $30.23/SF
− OpEx
−$42.1K −$9.07/SF
NOI
$98.2K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,964,960
Cap Rate 7%
$1,403,543
Cap Rate 9%
$1,091,644
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.64M
NOI $98,248 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,380 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,405 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
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Business Placement
Demographics for 02180, MA
23,244
Population
9,832
Households
2.4
Avg Household Size
44
Median Age
54%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,874
Density / Sq Mi
$112,635
Median Household Income
$71,709
Median Earnings
$1,878
Median Rent
$629,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated residences combine period character, updated kitchens and baths, separate utilities, private outdoor areas, and flexible finished space.
Where is this duplex located?
The property is located at 1161 Franklin Street Stoneham, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 4,643‑square‑foot Victorian duplex built in 1910; Two residences with 13+ rooms, 6 bedrooms, and 3 full baths; First‑floor unit includes 5 rooms, 3 bedrooms, and 2 full baths
