Historic Multifamily Property with
For Sale
$1,350,000
Pending
118 - 120 Summer Street, Weston, MA 02493
Antique residential compound with an accessory dwelling, substantial outbuildings, and flexible space for multifamily living.
Property Size2,745 SF
Lot Size1.38 Acres
Days on Market59
Property Features for 118 - 120 Summer Street
General Information
Standard status
Pending
Size
2,745 SF
Total Parking Spaces
11
Lot size
1.38 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,402
Building Details
Building Size
2,745 SF
Buildings
4
Listing Agency:
Coldwell Banker Realty - Weston
Listed By:
Denise Mosher
(413) 333-7776
Source:
Classifiedrealtygroup
Added: Aug 22
Changed: Oct 8
Last Checked: Oct 19 at 4:02AM
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 Coldwell Banker Realty - Weston
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property occupies 1.38 acres and includes an expanded main residence, an accessory dwelling, a three-story barn, an oversized two-car garage, a storage shed, and two greenhouses. The primary residence offers wide-plank floors, beamed ceilings, living and dining rooms, a home office, and a primary suite with a vaulted ceiling, en suite bath, and walk-in closet. Updated electrical service and a newer gas heating system add practical improvements.
The accessory dwelling has an eat-in kitchen, family room, bedroom, walk-in closet, and mini-split heating and cooling. The barn includes a full bath and a potential bedroom, providing additional space for office, studio, guest, recreational, or living uses. Built in 1687, the property is located at 118 - 120 Summer Street in Weston, Massachusetts.
The accessory dwelling has an eat-in kitchen, family room, bedroom, walk-in closet, and mini-split heating and cooling. The barn includes a full bath and a potential bedroom, providing additional space for office, studio, guest, recreational, or living uses. Built in 1687, the property is located at 118 - 120 Summer Street in Weston, Massachusetts.
Key Highlights
- 1.38‑acre multifamily property with four separate structures
- Main residence, accessory dwelling, three‑story barn, and oversized two‑car garage
- Three‑story barn includes a full bath and potential bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,616
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,320
$1.1M
Cap Rate 7%
$780,229
$780.2K
Cap Rate 9%
$606,844
$606.8K
Market Conditions
NOI Build-Up for 2,745 SF
Gross rent
$104.7K $38.16/SF
− Vacancy
−$5.4K −$1.98/SF
EGI
$99.3K $36.18/SF
− OpEx
−$44.7K −$16.28/SF
NOI
$54.6K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,320
Cap Rate 7%
$780,229
Cap Rate 9%
$606,844
Alternative Uses
Best Use
Apartment 5plus
$780.2K
$682.7K – $910.3K
NOI $54,616 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,752 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 02493, MA
11,851
Population
3,814
Households
3.1
Avg Household Size
44
Median Age
84%
College-Educated
98%
High-School Grad
16.8 sq mi
ZIP Area
705
Density / Sq Mi
$250,001
Median Household Income
$113,045
Median Earnings
$2,168
Median Rent
$1,586,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Antique residential compound with an accessory dwelling, substantial outbuildings, and flexible space for multifamily living.
Where is this multifamily property located?
The property is located at 118 - 120 Summer Street Weston, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1.38‑acre multifamily property with four separate structures; Main residence, accessory dwelling, three‑story barn, and oversized two‑car garage; Three‑story barn includes a full bath and potential bedroom
