11-Unit Apartment Building with Off-Street
For Sale
$3,300,000
154 Bedford St, Abington, MA 02351
MULTI_FAMILY - Abington, MA
Property Size7,167 SF
Lot Size0.52 Acres
Price / SF$460.44
Days on Market53
Property Features for 154 Bedford St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HC
Bedrooms
11
Bathrooms
11
Full bathrooms
11
Rooms
Bedroom 7, Bathroom 11, Bedroom 5, Bathroom 6, Bedroom 10, Bathroom 1, Bedroom 11, Bathroom 7, Bedroom 9, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 8, Bathroom 4, Bathroom 10, Bathroom 8, Bathroom 9, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 3
Parking
24
Directions
Bedford Street is Route 18
Standard status
Active
APN
M:23 L:18,922172
Size
7,167 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
29426
Building Details
Year built
2015
Floors in Building
5
Number of units
11
Listing Agency:
RE/MAX Realty Pros · RE/MAX International
(617) 328-3200
Listed By:
John Cummings
(617) 328-3200
Added: Jun 21
Changed: Aug 2
Last Checked: Aug 12 at 12:06PM
MLS# 73539334
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.
154 Bedford St, Abington, MA presents a modern 11-unit apartment building with all one-bedroom units. Built in 2015, the property is described as turn-key and has hardwood floors, granite counters, recessed lighting, central air, and separate utilities in each unit. The building is supported by ample off-street parking, providing convenient on-site access for tenants.
The property is positioned for everyday convenience with a location described as convenient to Route 18, and just minutes to shopping, restaurants, schools, and commuter rail. Zoning is listed as HC.
With its cohesive, similarly appointed one-bedroom unit layout and on-site parking, this is a straightforward multifamily option for buyers seeking a compact apartment building configuration.
The property is positioned for everyday convenience with a location described as convenient to Route 18, and just minutes to shopping, restaurants, schools, and commuter rail. Zoning is listed as HC.
With its cohesive, similarly appointed one-bedroom unit layout and on-site parking, this is a straightforward multifamily option for buyers seeking a compact apartment building configuration.
Key Highlights
- 11 one‑bedroom apartment units in a modern 2015‑built building
- 0.52 acres with 7,167 SF building size
- Central air in each unit plus separate utilities
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
$111,633
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
3.38%
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%
$2,232,660
$2.2M
Cap Rate 7%
$1,594,757
$1.6M
Cap Rate 9%
$1,240,367
$1.2M
Market Conditions
NOI Build-Up for 7,167 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
$215.0K $30.00/SF
− Vacancy
−$12.0K −$1.68/SF
EGI
$203.0K $28.32/SF
− OpEx
−$91.3K −$12.74/SF
NOI
$111.6K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /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%
$2,232,660
Cap Rate 7%
$1,594,757
Cap Rate 9%
$1,240,367
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.40M – $1.86M
NOI $111,633 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $296,999 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 02351, MA
17,085
Population
6,576
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,709
Density / Sq Mi
$119,787
Median Household Income
$61,646
Median Earnings
$1,547
Median Rent
$516,300
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 - Modern 2015-built property with 1-bedroom apartments, central air, and separate utilities plus ample off-street parking.
Where is this apartment building located?
The property is located at 154 Bedford St Abington, MA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 11 one‑bedroom apartment units in a modern 2015‑built building; 0.52 acres with 7,167 SF building size; Central air in each unit plus separate utilities
