Triplex Property with Detached
New
For Sale
$849,000
213 Great Road, Stow, MA 01775
Three-family property with flexible living arrangements, a large yard, and substantial detached garage space.
Property Size3,323 SF
Lot Size1.60 Acres
Price / SF$255.49
Days on Market5
Property Features for 213 Great Road
General Information
Standard status
Active
Size
3,323 SF
Total Parking Spaces
3
Lot size
1.60 Acres
Property subtype
Multi-family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty Boston Northwest
Listed By:
Kotlarz Group
(508) 823-9400
Source:
Ballowhutchinsonrealestate
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 13 at 9:49AM
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 Realty Boston Northwest
Investment Insights
Based on property information with market context.
Built in 1900, this 3,323-square-foot triplex occupies a 1.6-acre corner lot at 213 Great Road in Stow. The primary residence includes three bedrooms, two bathrooms, an open kitchen with gas cooking, a large peninsula, walk-in pantry, and mudroom. A family room with a pellet stove, hardwood-floored living and dining areas, a third-floor walk-up loft, and a bonus room add usable interior space. Two additional apartments support separate living arrangements within the property.
A detached, two-story garage provides three large bays with access from the neighboring side street. The grounds include a sizable yard, and two new septic systems are in place. The property is near Center School, Masters Academy, Lake Boon, golf courses, community recreation, conservation trails, Lower Village shopping, and commuter rail.
A detached, two-story garage provides three large bays with access from the neighboring side street. The grounds include a sizable yard, and two new septic systems are in place. The property is near Center School, Masters Academy, Lake Boon, golf courses, community recreation, conservation trails, Lower Village shopping, and commuter rail.
Key Highlights
- Three‑family property with 3,323 SF of total property size
- 1.6‑acre corner lot at 213 Great Road, Stow, MA 01775
- Primary residence includes 3 bedrooms and 2 bathrooms
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
$70,316
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
8.28%
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%
$1,406,320
$1.4M
Cap Rate 7%
$1,004,514
$1.0M
Cap Rate 9%
$781,289
$781.3K
Market Conditions
NOI Build-Up for 3,323 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
$105.7K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$100.5K $30.23/SF
− OpEx
−$30.1K −$9.07/SF
NOI
$70.3K $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 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%
$1,406,320
Cap Rate 7%
$1,004,514
Cap Rate 9%
$781,289
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$879.0K – $1.17M
NOI $70,316 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$944.5K
$826.5K – $1.10M
NOI $66,116 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,704 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 01775, MA
7,190
Population
2,761
Households
2.6
Avg Household Size
46
Median Age
77%
College-Educated
99%
High-School Grad
17.3 sq mi
ZIP Area
416
Density / Sq Mi
$177,862
Median Household Income
$82,837
Median Earnings
$1,829
Median Rent
$657,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with flexible living arrangements, a large yard, and substantial detached garage space.
Where is this triplex located?
The property is located at 213 Great Road Stow, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three‑family property with 3,323 SF of total property size; 1.6‑acre corner lot at 213 Great Road, Stow, MA 01775; Primary residence includes 3 bedrooms and 2 bathrooms
