Building Details

Building Size 3,802 SF

Year Built 1925

Buildings 1

Listing Agency: William Raveis R.E. & Home Services

Listed By: Cahill+Co. Team Show Phone

Source: Classifiedrealtygroup

Added: Sep 12 Changed: Oct 26 Last Checked: Oct 30 at 11:17AM

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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 William Raveis R.E. & Home Services

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Investment Insights

Based on property information with market context.

This renovated duplex at 29 Laurel Rd includes two distinct residences with updated interiors and flexible living arrangements. Unit 1 offers three bedrooms and one full bath on the main level, plus a lower-level fourth bedroom, full bath, kitchenette, and sitting area. Unit 2 spans two floors with four bedrooms, including an upper-level primary suite with an ensuite bath, along with a dedicated home office.

Both units feature open kitchen-to-living layouts with quartz surfaces and stainless appliances. The property also includes a level yard, separate rear porches, a two-car garage, central air, gas heat, separately metered utilities, renovated laundry facilities, and private storage closets. Built in 1925, the home is walkable to Kelly Field, schools, and multiple public transit options.

Key Highlights

• Two‑family duplex with 7 bedrooms across both units
• Unit 1 includes a lower‑level bedroom, full bath, kitchenette, and sitting area
• Unit 2 features a two‑story layout, upper‑level primary suite, and home office

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,107

Cap Rate

5.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,362,140 $1.4M

Cap Rate 7%

$972,957 $973.0K

Cap Rate 9%

$756,744 $756.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,802 SF

Gross rent

$102.7K $27.00/SF

− Vacancy

−$5.4K −$1.41/SF

EGI

$97.3K $25.59/SF

− OpEx

−$29.2K −$7.68/SF

NOI

$68.1K $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%

$1,362,140

Cap Rate 7%

$972,957

Cap Rate 9%

$756,744

Alternative Uses

Best Use

Multifamily LT 5

$973.0K

$851.3K – $1.14M (±1% cap)

NOI $68,107 @ 7.0% cap · market cap 5.34%

Second Best

Apartment 5plus

$897.7K

$785.5K – $1.05M (±1% cap)

NOI $62,840 @ 7.0% cap · market cap 4.93%

Theoretical Best

Office A

$2.25M

$1.97M – $2.63M (±1% cap)

NOI $157,554 @ 7.0% cap · market cap 12.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

605

Businesses Nearby

Explore this area Business Placement

Demographics for 02186, MA

28,637

Population

9,447

Households

3

Avg Household Size

41

Median Age

70%

College-Educated

96%

High-School Grad

13.7 sq mi

ZIP Area

2,090

Density / Sq Mi

$177,222

Median Household Income

$83,510

Median Earnings

$1,545

Median Rent

$896,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Two-Family Duplex with Wet Bar

112 Brush Hill Rd, Milton, MA 02186

$1,150,000

2,785 SF

View details

Three-Unit Property with Lower Level

197 Blue Hills Pkwy, Milton, MA 02186

$1,200,000

2,860 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two refreshed residences offer flexible layouts, separate utilities, outdoor space, and a detached garage.

Where is this duplex located?

The property is located at 29 Laurel Rd Milton, MA.

What is the asking price?

The asking price for this property is $1,275,000.

What are key features of this property?

This property features: Two‑family duplex with 7 bedrooms across both units; Unit 1 includes a lower‑level bedroom, full bath, kitchenette, and sitting area; Unit 2 features a two‑story layout, upper‑level primary suite, and home office