Two-Family Duplex with
New
For Sale
$1,049,000
16-18 Russell Rd, Winchester, MA 01890
An upper three-bedroom residence and lower one-bedroom unit are paired with off-street parking and outdoor space.
Property Size2,226 SF
Price / SF$471.25
Days on Market6
Property Features for 16-18 Russell Rd
General Information
Standard status
Active
Size
2,226 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RG
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,299
Building Details
Building Size
2,226 SF
Year Built
1922
Listing Agency:
Keller Williams Realty Boston Northwest
Listed By:
Andersen Group Realty
(781) 862-2800
Source:
413realestate
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 28 at 4:58AM
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 Keller Williams Realty Boston Northwest
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Investment Insights
Based on property information with market context.
This two-family property has an upper-level layout with 3 bedrooms and 1 bath, alongside a lower-level unit with 1 bedroom and 1 bath. The lower unit may be reconfigured to accommodate a second bedroom. Hardwood flooring extends through much of the interior. Ductless mini-split systems provide heating and cooling, with gas forced-air service in the basement. Vinyl siding, an asphalt roof, a yard, and off-street parking complete the property.
Built in 1922, the home is on a one-way street in Winchester. Lynch Elementary School serves the district, and the commuter rail, restaurants, a neighborhood coffee shop, and town-center amenities are within walking distance.
Built in 1922, the home is on a one-way street in Winchester. Lynch Elementary School serves the district, and the commuter rail, restaurants, a neighborhood coffee shop, and town-center amenities are within walking distance.
Key Highlights
- Two‑family property with separate upper- and lower‑level layouts
- Upper unit has 3 bedrooms and 1 bath; lower unit has 1 bedroom and 1 bath
- Lower‑level layout has potential for a second bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,103
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,060
$942.1K
Cap Rate 7%
$672,900
$672.9K
Cap Rate 9%
$523,367
$523.4K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$70.8K $31.80/SF
− Vacancy
−$3.5K −$1.57/SF
EGI
$67.3K $30.23/SF
− OpEx
−$20.2K −$9.07/SF
NOI
$47.1K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,060
Cap Rate 7%
$672,900
Cap Rate 9%
$523,367
Alternative Uses
Best Use
Multifamily LT 5
$672.9K
$588.8K – $785.1K
NOI $47,103 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$632.7K
$553.6K – $738.2K
NOI $44,290 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,245 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 01890, MA
22,970
Population
8,283
Households
2.8
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
3,828
Density / Sq Mi
$218,176
Median Household Income
$107,083
Median Earnings
$2,271
Median Rent
$1,181,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - An upper three-bedroom residence and lower one-bedroom unit are paired with off-street parking and outdoor space.
Where is this duplex located?
The property is located at 16-18 Russell Rd Winchester, MA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Two‑family property with separate upper- and lower‑level layouts; Upper unit has 3 bedrooms and 1 bath; lower unit has 1 bedroom and 1 bath; Lower‑level layout has potential for a second bedroom
