Six-Unit Apartment
For Sale
$1,499,900
1508 Central St, Stoughton, MA 02072
Residential Income, Stoughton, MA
Property Size6,567 SF
Lot Size0.35 Acres
Price / SF$228.40
Days on Market100
Property Features for 1508 Central St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
I
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 10, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 8, Bedroom 7, Bathroom 6, Bedroom 12, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 9, Bedroom 11
Parking
14
Directions
Rte 138 to Central St
Standard status
Active
APN
M:0043 B:0051 L:0000,232151
Size
6,567 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13299
Building Details
Year built
1900
Floors in Building
5
Number of units
6
Listing Agency:
Keller Williams Realty
Listed By:
Scott Morris
(508) 238-5000
Added: Jul 9
Changed: Oct 2
Last Checked: Oct 16 at 8:06AM
MLS# 73547237
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 three-story apartment building contains six units with 6,567 square feet of living space on a 15,333-square-foot lot. The property includes 12 bedrooms and six full bathrooms, providing a substantial residential configuration across the building. A one-car garage adds enclosed parking or storage capacity.
Each unit has separate utilities. Property systems include updated electrical service, heating, and newer hot water systems. Built in 1900, the building is identified with I zoning and is located at 1508 Central St in Stoughton, Massachusetts.
Each unit has separate utilities. Property systems include updated electrical service, heating, and newer hot water systems. Built in 1900, the building is identified with I zoning and is located at 1508 Central St in Stoughton, Massachusetts.
Key Highlights
- Six‑unit apartment building with 12 bedrooms and six full bathrooms
- 6,567 square feet of living space on a 15,333‑square‑foot lot
- Separate utilities serving 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily property with separate utilities, updated electrical service, newer hot water systems, and a one-car garage.
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: Six‑unit apartment building with 12 bedrooms and six full bathrooms; 6,567 square feet of living space on a 15,333‑square‑foot lot; Separate utilities serving each unit
