Six-Unit Apartment
New
For Sale
$1,699,900
1508 Central St, Stoughton, MA 02072
Residential Income, Stoughton, MA
Property Size6,567 SF
Lot Size0.35 Acres
Price / SF$258.85
Days on Market2
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 4, Bedroom 3, Bedroom 11, Bathroom 4, Bedroom 10, Bedroom 5, Bedroom 9, Bedroom 12, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 6, Bedroom 7, Bedroom 1, Bathroom 5, Bathroom 2, Bedroom 8
Parking
15
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
(508) 238-5000
Listed By:
Scott Morris
(508) 238-5000
Added: Aug 25
Last Checked: Aug 26 at 6:06AM
MLS# 73567928
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.
Investment Insights
Based on property information with market context.
This three-story apartment building contains 6,567 square feet of living space on a 15,333-square-foot lot. The existing configuration includes six units, 12 bedrooms, and 6 full bathrooms, providing a substantial multifamily layout. Separate utilities serve each unit, while the property has updated electrical systems, heating systems, and newer hot water systems.
The property is located at 1508 Central St in Stoughton, Massachusetts, within Norfolk County and the 02072 postal area. Zoning is identified as I. A 1-car garage provides additional on-site capacity, and the property has potential for a seventh unit with a sprinkler system upgrade. Built in 1900, the building offers a sizable apartment configuration with supporting storage or parking utility.
The property is located at 1508 Central St in Stoughton, Massachusetts, within Norfolk County and the 02072 postal area. Zoning is identified as I. A 1-car garage provides additional on-site capacity, and the property has potential for a seventh unit with a sprinkler system upgrade. Built in 1900, the building offers a sizable apartment configuration with supporting storage or parking utility.
Key Highlights
- 6‑unit apartment building with 12 bedrooms and 6 full bathrooms
- 6,567 square feet of living space on a 15,333‑square‑foot lot
- Three‑story structure built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$108,540
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,135 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily property with separate utilities, updated electrical, heating systems, 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 $1,699,900.
What are key features of this property?
This property features: 6‑unit apartment building with 12 bedrooms and 6 full bathrooms; 6,567 square feet of living space on a 15,333‑square‑foot lot; Three‑story structure built in 1900
