Side-by-Side Duplex with
For Sale
$975,000
19 Clark Street, Randolph, MA 02368
Two residential units offer finished lower-level space, central cooling, and outdoor areas for everyday use and entertaining.
Property Size2,624 SF
Price / SF$371.57
Days on Market136
Property Features for 19 Clark Street
General Information
Standard status
Active
Size
2,624 SF
Total Parking Spaces
6
Property subtype
Multi-family
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
central cooling
in-ground pool
enclosed porch
deck
Building Details
Year Built
1960
Listing Agency:
A. C. B. Realty Inc.
(781) 356-2552
Listed By:
Gregory Anderson
Source:
Stevebremis
Added: Apr 18
Changed: Aug 29
Last Checked: Aug 30 at 5:54PM
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 A. C. B. Realty Inc.
Investment Insights
Based on property information with market context.
This side-by-side duplex at 19 Clark Street in Randolph, Massachusetts, contains 2,624 square feet and was built in 1960. The first unit includes three bedrooms, two full bathrooms, a family room, and a fully finished basement. The second has three bedrooms, one bathroom, a family room, storage space, and a partially finished basement. Both units have central cooling, while recent mechanical updates include one tank water heater and one tankless water heater.
The property provides six off-street parking spaces arranged across two dedicated driveways. Outdoor amenities include an in-ground pool, an enclosed porch, a deck, and a spacious backyard, creating additional areas for recreation and seasonal use.
The property provides six off-street parking spaces arranged across two dedicated driveways. Outdoor amenities include an in-ground pool, an enclosed porch, a deck, and a spacious backyard, creating additional areas for recreation and seasonal use.
Key Highlights
- Side‑by‑side duplex with 2,624 square feet, built in 1960
- Unit 1 includes 3 bedrooms, 2 full bathrooms, a family room, and a fully finished basement
- Unit 2 includes 3 bedrooms, 1 bathroom, a family room, storage room, and partially finished basement
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
$47,005
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
4.82%
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%
$940,100
$940.1K
Cap Rate 7%
$671,500
$671.5K
Cap Rate 9%
$522,278
$522.3K
Market Conditions
NOI Build-Up for 2,624 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
$70.8K $27.00/SF
− Vacancy
−$3.7K −$1.41/SF
EGI
$67.1K $25.59/SF
− OpEx
−$20.1K −$7.68/SF
NOI
$47.0K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$940,100
Cap Rate 7%
$671,500
Cap Rate 9%
$522,278
Alternative Uses
Best Use
Multifamily LT 5
$671.5K
$587.6K – $783.4K
NOI $47,005 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$619.6K
$542.1K – $722.8K
NOI $43,370 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,738 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer finished lower-level space, central cooling, and outdoor areas for everyday use and entertaining.
Where is this duplex located?
The property is located at 19 Clark Street Randolph, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,624 square feet, built in 1960; Unit 1 includes 3 bedrooms, 2 full bathrooms, a family room, and a fully finished basement; Unit 2 includes 3 bedrooms, 1 bathroom, a family room, storage room, and partially finished basement
