Updated Two-Unit
For Sale
$850,000
225 S Main, Randolph, MA 02368
Two apartments feature refreshed kitchens, hardwood floors, driveway parking, and a shared backyard.
Property Size1,506 SF
Price / SF$564.41
Days on Market14
Property Features for 225 S Main
General Information
Standard status
Active
Size
1,506 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Commonwealth Standard Realty Advisors
Listed By:
Elizabeth Bain · License #449590647
(617) 834-3653
Source:
Inrealtyinc
Added: Sep 22
Changed: Oct 4
Last Checked: Oct 4 at 10:26AM
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 Commonwealth Standard Realty Advisors
Investment Insights
Based on property information with market context.
Built in 1900, this 1,506-square-foot duplex contains two apartments: one with three bedrooms and the other with two. Hardwood floors and natural light extend through the interiors. Each unit has an updated kitchen with quartz counters, tile backsplash, and stainless steel range and microwave. Bathrooms have new vanities, and the upstairs bath includes a recently tiled shower. The second floor has cathedral ceilings, with a walk-in closet in one bedroom. Unit 2 is equipped with a Navien combination boiler, and vinyl replacement windows were installed about 9 years ago.
The property has driveway parking and a shared backyard. It is 1.4 miles from Commuter Rail, with access to Routes 138 and 24.
The property has driveway parking and a shared backyard. It is 1.4 miles from Commuter Rail, with access to Routes 138 and 24.
Key Highlights
- Two apartments with a 3‑bedroom/2‑bedroom unit mix
- 1,506 square feet; built in 1900
- Updated kitchens in both units with quartz countertops, tile backsplash, stainless steel ranges and microwaves
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,978
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,560
$539.6K
Cap Rate 7%
$385,400
$385.4K
Cap Rate 9%
$299,756
$299.8K
Market Conditions
NOI Build-Up for 1,506 SF
Gross rent
$40.7K $27.00/SF
− Vacancy
−$2.1K −$1.41/SF
EGI
$38.5K $25.59/SF
− OpEx
−$11.6K −$7.68/SF
NOI
$27.0K $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 Rate 5%
$539,560
Cap Rate 7%
$385,400
Cap Rate 9%
$299,756
Alternative Uses
Best Use
Multifamily LT 5
$385.4K
$337.2K – $449.6K
NOI $26,978 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$355.6K
$311.1K – $414.9K
NOI $24,891 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$891.5K
$780.1K – $1.04M
NOI $62,408 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
459
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
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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?
Duplex - Two apartments feature refreshed kitchens, hardwood floors, driveway parking, and a shared backyard.
Where is this duplex located?
The property is located at 225 S Main Randolph, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two apartments with a 3‑bedroom/2‑bedroom unit mix; 1,506 square feet; built in 1900; Updated kitchens in both units with quartz countertops, tile backsplash, stainless steel ranges and microwaves
