Multifamily Property with Private
15 Sumner St, Milford, MA 01757
For Sale
$674,900
An open upstairs living area connects with an updated kitchen and bath, while laundry is located in the basement.
Property Size2,246 SF
Days on Market9
Property Features for 15 Sumner St
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
deck
laundry
backyard
Building Details
Building Size
Year Built
Listing Agency:
Pablo Maia Realty
Listed By:
Rodrigo Azevedo · License #9584202
(508) 320-6053
Source:
Donnellyandco
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 6 at 2:39PM
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 Pablo Maia Realty
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Investment Insights
Based on property information with market context.
This 2,246-square-foot multifamily property, built in 1880, has granite countertops and newer flooring, with recent interior painting. The upstairs living space has an open layout alongside an updated kitchen and bath. Each unit has its own deck, and laundry is provided in the basement.
The property includes a large lot, off-street parking, and a spacious backyard. Downtown and supermarkets are within walking distance, and major highways are nearby.
The property includes a large lot, off-street parking, and a spacious backyard. Downtown and supermarkets are within walking distance, and major highways are nearby.
Key Highlights
- 2,246‑square‑foot multifamily property built in 1880
- Each unit has its own deck
- Upstairs features an open living area, updated kitchen and bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,422
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,440
$528.4K
Cap Rate 7%
$377,457
$377.5K
Cap Rate 9%
$293,578
$293.6K
Market Conditions
NOI Build-Up for 2,246 SF
Gross rent
$49.3K $21.96/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$48.0K $21.39/SF
− OpEx
−$21.6K −$9.63/SF
NOI
$26.4K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,440
Cap Rate 7%
$377,457
Cap Rate 9%
$293,578
Alternative Uses
Best Use
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,422 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$767.0K
$671.1K – $894.8K
NOI $53,688 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 01757, MA
30,479
Population
11,833
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
2,018
Density / Sq Mi
$92,951
Median Household Income
$47,975
Median Earnings
$1,702
Median Rent
$444,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Worcester County, MA
Properties on Market for Multifamily properties in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - An open upstairs living area connects with an updated kitchen and bath, while laundry is located in the basement.
Where is this multifamily property located?
The property is located at 15 Sumner St Milford, MA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 2,246‑square‑foot multifamily property built in 1880; Each unit has its own deck; Upstairs features an open living area, updated kitchen and bath
