Versatile Multi-Family Home in
21 Cobb St Norton, MA 02766
21 Cobb St, Norton, MA, 02766
$749,900
Pending
For Sale
$749,900
Pending
Multi-family home with income potential in desirable Norton neighborhood.
Property Size3,000 SF
Days on Market60
Property Features for 21 Cobb St
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1974
Listing agency
Keller Williams Elite
(617) 851-0150
Listed by
Team Kelleher
(617) 851-0150
Source
Lockandkeyre
Added: May 23 Updated: Jul 10 at 1:42PM Checked: Jul 19 at 5:47AM
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 Elite
Investment Insights
Based on property information with market context.
Located in Norton, this multi-family home at 21 Cobb St presents an opportunity for owner-occupancy or investment. The property features a total of 6 bedrooms and 4 bathrooms within its 1,418 sq. ft. of living space. The layout offers flexibility for extended family or tenant configurations. Situated in a desirable Norton neighborhood, the location provides convenient access to local amenities, schools, highways, and commuter options. The property sits on a 3,000 sq. ft. lot.
Key Highlights
- Multi‑family home ideal for owner‑occupancy with rental income potential.
- Six bedrooms and four bathrooms across 1,418 sq. ft.
- Located in a desirable Norton neighborhood.
Local Financial Insights For Apartment 5plus
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 | $97.2k | $32.40 |
| − Vacancy | −$6.6k | −$2.20 |
| EGI | $90.6k | $30.20 |
| − OpEx | −$40.8k | −$13.59 |
| NOI | $49.8k | $16.61 |
3,000 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$711.8K
$622.8K – $830.4K
NOI $49,825 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,886 @ 7.0% cap · market cap 17.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Multi-family home with income potential in desirable Norton neighborhood.
Where is this multifamily property located?
The property is located at 21 Cobb St Norton, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Multi‑family home ideal for owner‑occupancy with rental income potential.; Six bedrooms and four bathrooms across 1,418 sq. ft.; Located in a desirable Norton neighborhood.
