Residential Income Property with
1603 Irving Rd, Randolph, MA 02368
For Sale
$439,900
Three-level condominium with two bedrooms, two full bathrooms, and a private outdoor area.
Property Size2,007 SF
Price / SF$219.18
Days on Market167
Property Features for 1603 Irving Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
private deck
outdoor dining area
Range
Dishwasher
Disposal
Microwave
Refrigerator
Washer
Dryer
Central Air
Tile
Vinyl
Forced Air, Natural Gas
3.0 Stories
$4,480 Taxes
Public
Built in 1989
Building Details
Year Built
Listing Agency:
Real Broker MA, LLC
(855) 450-0442
Listed By:
The Mazraani Team
Source:
Donahuere
Added: May 27
Changed: Nov 9
Last Checked: Nov 8 at 5:12PM
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 Real Broker MA, LLC
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Investment Insights
Based on property information with market context.
Built in 1989, this condominium offers 2,007 square feet across three levels, with two bedrooms and two full bathrooms. The kitchen has shaker-style cabinets and a backsplash, while one bathroom includes a tiled walk-in shower. A private deck with an outdoor dining area provides additional space outside.
Key Highlights
- 2,007 square feet arranged across three levels
- Two bedrooms and two full bathrooms
- Private deck with outdoor dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,172
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,440
$663.4K
Cap Rate 7%
$473,886
$473.9K
Cap Rate 9%
$368,578
$368.6K
Market Conditions
NOI Build-Up for 2,007 SF
Gross rent
$63.8K $31.80/SF
− Vacancy
−$3.5K −$1.75/SF
EGI
$60.3K $30.05/SF
− OpEx
−$27.1K −$13.52/SF
NOI
$33.2K $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%
$663,440
Cap Rate 7%
$473,886
Cap Rate 9%
$368,578
Alternative Uses
Best Use
Apartment 5plus
$473.9K
$414.7K – $552.9K
NOI $33,172 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,170 @ 7.0% cap · market cap 18.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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Business Placement
Demographics for 02368, MA
35,025
Population
13,091
Households
2.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
9.3 sq mi
ZIP Area
3,766
Density / Sq Mi
$103,321
Median Household Income
$52,614
Median Earnings
$2,049
Median Rent
$464,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Norfolk County, MA
Properties on Market for Residential income properties in Norfolk County
Frequently Asked Questions
What type of property is this?
Residential income property - Three-level condominium with two bedrooms, two full bathrooms, and a private outdoor area.
Where is this residential income property located?
The property is located at 1603 Irving Rd Randolph, MA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 2,007 square feet arranged across three levels; Two bedrooms and two full bathrooms; Private deck with outdoor dining area
