Modern 11-Unit One-Bedroom
For Sale
$3,300,000
154 Bedford Street, Abington, MA 02351
Modern 11 one-bedroom units with off-street parking, separate utilities, and central air.
Property Size7,167 SF
Price / SF$460.44
Days on Market116
Property Features for 154 Bedford Street
General Information
Standard status
Active
Size
7,167 SF
Property subtype
Multi-family
Building Details
Year Built
2015
Listing Agency:
RE/MAX Realty Pros
Listed By:
Tom McFarland
(617) 846-8000
Source:
Highlandre
Added: Apr 27
Changed: Aug 20
Last Checked: Aug 20 at 8:41AM
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 RE/MAX Realty Pros
Investment Insights
Based on property information with market context.
This modern 11-unit apartment building is configured entirely as one-bedroom residences. Units feature hardwood floors, granite counters, recessed lighting, and central air, with separate utilities for each home. The property includes ample off-street parking, supporting day-to-day convenience for residents and guests.
The building is offered for sale at 154 Bedford Street in Abington, MA, with a “Route 18” location noted in the remarks. The property is positioned for convenient access to shopping, restaurants, schools, and commuter rail, which can help align the unit mix with everyday commuting and services.
For buyers and operators, this is a straightforward, turn-key-style multi-unit setup built around one-bedroom demand, with in-unit finishes and independent utility arrangements that can simplify ongoing management. The consistent unit type can also streamline leasing and tenant turnover, while the off-street parking supports the residential use. The offering is presented as a modern, owner-built asset maintained as a ready-to-operate apartment building.
The building is offered for sale at 154 Bedford Street in Abington, MA, with a “Route 18” location noted in the remarks. The property is positioned for convenient access to shopping, restaurants, schools, and commuter rail, which can help align the unit mix with everyday commuting and services.
For buyers and operators, this is a straightforward, turn-key-style multi-unit setup built around one-bedroom demand, with in-unit finishes and independent utility arrangements that can simplify ongoing management. The consistent unit type can also streamline leasing and tenant turnover, while the off-street parking supports the residential use. The offering is presented as a modern, owner-built asset maintained as a ready-to-operate apartment building.
Key Highlights
- Modern 11‑unit apartment building built in 2015
- All units are 1‑bedroom with nicely finished interiors including hardwood floors and granite counters
- Units feature recessed lighting and central air
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
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Modern 11 one-bedroom units with off-street parking, separate utilities, and central air.
Where is this apartment building located?
The property is located at 154 Bedford Street 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: Modern 11‑unit apartment building built in 2015; All units are 1‑bedroom with nicely finished interiors including hardwood floors and granite counters; Units feature recessed lighting and central air
