6-Unit Apartment
For Sale
$1,499,900
1508 Central St, Stoughton, MA 02072
Commercial Sale, Stoughton, MA
Property Size6,567 SF
Lot Size0.35 Acres
Price / SF$228.40
Days on Market53
Property Features for 1508 Central St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I
Zoning description
Legal Conforming
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 1, Bathroom 3, Bathroom 5
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
Listing Agency:
Keller Williams Realty
Listed By:
Scott Morris
(508) 238-5000
Added: Aug 25
Changed: Oct 2
Last Checked: Oct 16 at 9:06AM
MLS# 73567950
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.
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Investment Insights
Based on property information with market context.
This three-story apartment property contains six units with 12 bedrooms and six full bathrooms across 6,567 square feet of living space. The 1900 structure sits on a 0.352-acre lot and includes separate utilities for each unit, updated electrical service, updated heating systems, and newer hot water systems.
A one-car garage provides secure parking or storage. The property also presents the potential for a seventh unit subject to a sprinkler system upgrade. Located at 1508 Central St in Stoughton, Massachusetts, the parcel is identified with I zoning and includes six bathroom areas serving the residential configuration.
A one-car garage provides secure parking or storage. The property also presents the potential for a seventh unit subject to a sprinkler system upgrade. Located at 1508 Central St in Stoughton, Massachusetts, the parcel is identified with I zoning and includes six bathroom areas serving the residential configuration.
Key Highlights
- Six‑unit apartment property with 12 bedrooms and six full bathrooms
- 6,567 square feet of living space on a 0.352‑acre lot
- Separate utilities for each unit, with updated electrical and heating systems
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
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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
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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 multifamily property with separately metered utilities and updated building 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: Six‑unit apartment property with 12 bedrooms and six full bathrooms; 6,567 square feet of living space on a 0.352‑acre lot; Separate utilities for each unit, with updated electrical and heating systems
