Two-Family Residential
New
For Sale
$1,049,000
16-18 Russell Rd, Winchester, MA 01890
Residential Income, Winchester, MA
Property Size2,226 SF
Lot Size0.09 Acres
Price / SF$471.25
Days on Market7
Property Features for 16-18 Russell Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RG
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking
4
Elementary school
Lynch
Middle school
Mccall
High school
Winchester High School
Directions
Main Street to Russell Road
Standard status
Active
APN
141460,898485
Size
2,226 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12299
Amenities
hardwood floors
ductless mini-split systems
Building Details
Year built
1922
Floors in Building
2
Number of units
2
Buildings
1
Listing Agency:
Keller Williams Realty Boston Northwest
(781) 862-2800
Listed By:
Christina Hill
(978) 369-5775
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 29 at 8:06AM
MLS# 73594513
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 2,226-square-foot duplex, built in 1922, contains two distinct apartments. The upper residence has three bedrooms and one bathroom; the lower has one bedroom and one bathroom, with stated potential to accommodate a second bedroom. Hardwood flooring appears through much of the interior. Ductless mini-splits provide heating and cooling, and a gas forced-air system serves the basement. Vinyl siding, an asphalt roof, off-street parking, and a yard complete the property.
The home sits on a 0.0918-acre lot and is zoned RG. The property is within the district for Lynch Elementary School and is within walking distance of the commuter rail, Winchester’s town center, restaurants, and a neighborhood coffee shop.
The home sits on a 0.0918-acre lot and is zoned RG. The property is within the district for Lynch Elementary School and is within walking distance of the commuter rail, Winchester’s town center, restaurants, and a neighborhood coffee shop.
Key Highlights
- Two separate units: upper level has 3 bedrooms and 1 bath; lower level has 1 bedroom and 1 bath
- 2,226 square feet on a 0.0918‑acre lot
- Lower apartment has stated 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
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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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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?
Duplex - Separate layouts include a three-bedroom upper unit and a one-bedroom lower unit.
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 separate units: upper level has 3 bedrooms and 1 bath; lower level has 1 bedroom and 1 bath; 2,226 square feet on a 0.0918‑acre lot; Lower apartment has stated potential for a second bedroom
