Duplex with In-Unit
13-15 Short Street, Randolph, MA 02368
For Sale
New
$729,900
Two bi-level homes feature recent exterior and water-heater updates, a backyard, and one occupied unit.
Property Size1,544 SF
Price / SF$472.73
Days on Market6
Property Features for 13-15 Short Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Amenities
in-unit laundry
backyard
Building Details
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Shawn Burgess · License MA #9061509
(617) 590-8810
Source:
Rosenrealty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:58AM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,544-square-foot duplex contains two side-by-side bi-level residences, each with in-unit laundry. Recent work includes new siding and a hot water heater, and the property also has backyard space. One unit has an established tenant.
Built in 1850, the property is in downtown Randolph and is zoned CSBD.
Built in 1850, the property is in downtown Randolph and is zoned CSBD.
Key Highlights
- Two side‑by‑side bi‑level units, each with in‑unit laundry
- 1,544 square feet; built in 1850
- One unit has an established tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,658
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,160
$553.2K
Cap Rate 7%
$395,114
$395.1K
Cap Rate 9%
$307,311
$307.3K
Market Conditions
NOI Build-Up for 1,544 SF
Gross rent
$41.7K $27.00/SF
− Vacancy
−$2.2K −$1.41/SF
EGI
$39.5K $25.59/SF
− OpEx
−$11.9K −$7.68/SF
NOI
$27.7K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,160
Cap Rate 7%
$395,114
Cap Rate 9%
$307,311
Alternative Uses
Best Use
Multifamily LT 5
$395.1K
$345.7K – $461.0K
NOI $27,658 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$364.6K
$319.0K – $425.3K
NOI $25,519 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$914.0K
$799.8K – $1.07M
NOI $63,983 @ 7.0% cap · market cap 8.77%
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
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 02368, MA
35,025
Population
13,091
Households
2.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
9.3 sq mi
ZIP Area
3,766
Density / Sq Mi
$103,321
Median Household Income
$52,614
Median Earnings
$2,049
Median Rent
$464,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Norfolk County, MA
Properties on Market for Duplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two bi-level homes feature recent exterior and water-heater updates, a backyard, and one occupied unit.
Where is this duplex located?
The property is located at 13-15 Short Street Randolph, MA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Two side‑by‑side bi‑level units, each with in‑unit laundry; 1,544 square feet; built in 1850; One unit has an established tenant
