Three-Story Multifamily
For Sale
$1,499,900
1508 Central St, Stoughton, MA 02072
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$228.40
Days on Market105
Property Features for 1508 Central St
General Information
Standard status
Active
Size
6,567 SF
Total Parking Spaces
1
Lot size
0.35 Acres
Property subtype
5-9 Family
Additional Details
Multifamily Units
6
Building Details
Building Size
6,567 SF
Year Built
1900
Stories
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(508) 238-5000
Listed By:
Charles Lima · License #126683
(508) 272-4442
Source:
Iverty
Added: Jul 9
Changed: Oct 19
Last Checked: Oct 20 at 10:42PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,540
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,170,800
$2.2M
Cap Rate 7%
$1,550,571
$1.6M
Cap Rate 9%
$1,206,000
$1.2M
Market Conditions
NOI Build-Up for 6,567 SF
Gross rent
$208.8K $31.80/SF
− Vacancy
−$11.5K −$1.75/SF
EGI
$197.3K $30.05/SF
− OpEx
−$88.8K −$13.52/SF
NOI
$108.5K $16.53/SF
Area
Norfolk County, MA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,170,800
Cap Rate 7%
$1,550,571
Cap Rate 9%
$1,206,000
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,540 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,135 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 02072, MA
29,281
Population
11,346
Households
2.6
Avg Household Size
44
Median Age
41%
College-Educated
91%
High-School Grad
16.1 sq mi
ZIP Area
1,819
Density / Sq Mi
$104,164
Median Household Income
$55,250
Median Earnings
$1,993
Median Rent
$496,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $1,499,900.
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
