Multifamily Home with Three-Car
18 Fairfax Road Milton, MA 02186
For Sale
$1,375,000
Multifamily property featuring two separate addresses, newer systems, and an oversized three-car garage.
Property Size3,565 SF
Price / SF$385.69
Days on Market135
Property Features for 18 Fairfax Road
General Information
- Standard status
- Active
- Size
- 3,565 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1925
Listing Agency:
Coldwell Banker Realty - Milton
(617) 696-4430
Listed By:
Matthew Freeman · License #9033551
(617) 696-4430
Source:
Compass
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 23 at 5:55PM
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 Coldwell Banker Realty - Milton
Investment Insights
Based on property information with market context.
Multifamily property at 18 Fairfax Road, Milton, MA 02186, offering two separate addresses and a layout designed to provide flexibility for different living arrangements. The home is described as having newer systems throughout. Each unit is reported to be remarkably large, with generous room sizes and high ceilings, supported by thoughtful, functional layouts.
A standout feature is the oversized three-car garage, which can support storage and parking needs and may also offer space that’s useful for workshop-style use. With the combination of separate addresses and substantial interior volume, the property is positioned to support both income-focused ownership and owner-occupant scenarios.
Overall, this is a substantial multifamily residence with a distinctive garage amenity and roomier unit configurations.
A standout feature is the oversized three-car garage, which can support storage and parking needs and may also offer space that’s useful for workshop-style use. With the combination of separate addresses and substantial interior volume, the property is positioned to support both income-focused ownership and owner-occupant scenarios.
Overall, this is a substantial multifamily residence with a distinctive garage amenity and roomier unit configurations.
Key Highlights
- Multifamily home with two separate addresses
- Oversized three‑car garage for parking and storage (with potential workshop space)
- Interior includes vinyl, hardwood, and tile flooring; crown molding; pantry and storage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.3k | $27.00 |
| − Vacancy | −$5.0k | −$1.41 |
| EGI | $91.2k | $25.59 |
| − OpEx | −$27.4k | −$7.68 |
| NOI | $63.9k | $17.91 |
3,565 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$912.3K
$798.3K – $1.06M
NOI $63,861 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$841.7K
$736.5K – $982.0K
NOI $58,922 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,733 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Multifamily property featuring two separate addresses, newer systems, and an oversized three-car garage.
Where is this duplex located?
The property is located at 18 Fairfax Road Milton, MA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Multifamily home with two separate addresses; Oversized three‑car garage for parking and storage (with potential workshop space); Interior includes vinyl, hardwood, and tile flooring; crown molding; pantry and storage
