Three-Story Multifamily
1508 Central St Stoughton, MA 02072
1508 Central St, Stoughton, MA, 02072
$1,724,900
For Sale
$1,724,900
Three-story, 6-unit residential income property with separate utilities, updated electrical, heating, and newer hot water systems.
Property Size6,567 SF
Lot Size0.35 Acres
Price / SF$262.66
Days on Market13
Property Features for 1508 Central St
General Information
- Standard status
- Active
- Size
- 6,567 SF
- Lot size
- 0.35 Acres
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty
(508) 272-4442
Listed by
Charles Lima · License #126683
(508) 272-4442
Source
Iverty
Added: Jul 9 Updated: Jul 21 at 5:14PM Checked: Jul 21 at 5:14PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This three-story multifamily building is configured as a 6-unit residential income property. The home includes 12 bedrooms and 6 full bathrooms, with utilities separated by unit for individual resident convenience. Updates include electrical, heating, and newer hot water systems, supporting functional, independently served living arrangements.
The property includes a 1-car garage and sits on a 15,333 square foot lot. Public remarks indicate the building provides expansive living space and varied layouts across its three levels.
With 12 bedrooms and 6 full bathrooms distributed across the 6 units, this offering is presented as a substantial multi-family dwelling in Stoughton.
The property includes a 1-car garage and sits on a 15,333 square foot lot. Public remarks indicate the building provides expansive living space and varied layouts across its three levels.
With 12 bedrooms and 6 full bathrooms distributed across the 6 units, this offering is presented as a substantial multi-family dwelling in Stoughton.
Key Highlights
- Three‑story 6‑unit residential income property with 6 full bathrooms and 12 bedrooms
- 6,567 SF of living space on a 15,333 SF lot in Stoughton
- Separate utilities for each unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $208.8k | $31.80 |
| − Vacancy | −$11.5k | −$1.75 |
| EGI | $197.3k | $30.05 |
| − OpEx | −$88.8k | −$13.52 |
| NOI | $108.5k | $16.53 |
6,567 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,540 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,135 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three-story, 6-unit residential income property with separate utilities, updated electrical, heating, and newer hot water systems.
Where is this apartment building located?
The property is located at 1508 Central St Stoughton, MA.
What is the asking price?
The asking price for this property is $1,724,900.
What are key features of this property?
This property features: Three‑story 6‑unit residential income property with 6 full bathrooms and 12 bedrooms; 6,567 SF of living space on a 15,333 SF lot in Stoughton; Separate utilities for each unit
