18-Unit Brick Apartment
For Sale
$5,750,000
32 Bradford St, Concord, MA 01742
Multifamily property with renovated apartments, updated common areas, off-street parking, and a new security system.
Property Size14,742 SF
Price / SF$390.04
Days on Market98
Property Features for 32 Bradford St
General Information
Standard status
Active
Size
14,742 SF
Total Parking Spaces
18
Property subtype
Residential Income
Zoning
WCB
Net Operating Income
$346,438
Units
Unit Mix
12 x 2BR, 5 x 1BR, 1 x studio
Multifamily Units
18
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$34,024
Building Details
Year Built
1955
Buildings
1
Construction
brick
Listing Agency:
J. Borstell Real Estate, Inc.
Listed By:
Patrick Hermans · License #2244
(254) 383-5521
Source:
Erealtyadvisors
Added: Jul 11
Changed: Aug 29
Last Checked: Aug 25 at 3:41AM
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 J. Borstell Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 18-unit brick apartment property was built in 1955 and includes a balanced mix of 12 two-bedroom apartments, 5 one-bedroom apartments, and 1 studio. The property also provides off-street parking. Improvements include updated common areas, a new security system, and a new roof, while 10 of the 18 apartments have been renovated.
Located at 32 Bradford Street in Concord, the building is steps from historic West Concord, with shops, restaurants, parks, and everyday amenities nearby. The setting also offers access to major routes and public transportation, supporting commuter convenience for residents.
Located at 32 Bradford Street in Concord, the building is steps from historic West Concord, with shops, restaurants, parks, and everyday amenities nearby. The setting also offers access to major routes and public transportation, supporting commuter convenience for residents.
Key Highlights
- 18‑unit brick apartment building built in 1955
- Unit mix includes 12 two‑bedroom, 5 one‑bedroom, and 1 studio apartment
- 10 of 18 units have been recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$293,316
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,866,320
$5.9M
Cap Rate 7%
$4,190,229
$4.2M
Cap Rate 9%
$3,259,067
$3.3M
Market Conditions
NOI Build-Up for 14,742 SF
Gross rent
$562.6K $38.16/SF
− Vacancy
−$29.3K −$1.98/SF
EGI
$533.3K $36.18/SF
− OpEx
−$240.0K −$16.28/SF
NOI
$293.3K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,866,320
Cap Rate 7%
$4,190,229
Cap Rate 9%
$3,259,067
Alternative Uses
Best Use
Apartment 5plus
$4.19M
$3.67M – $4.89M
NOI $293,316 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.73M
$7.64M – $10.18M
NOI $610,905 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 01742, MA
18,545
Population
6,659
Households
2.8
Avg Household Size
47
Median Age
79%
College-Educated
96%
High-School Grad
24.1 sq mi
ZIP Area
770
Density / Sq Mi
$211,435
Median Household Income
$112,975
Median Earnings
$2,471
Median Rent
$1,139,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with renovated apartments, updated common areas, off-street parking, and a new security system.
Where is this apartment building located?
The property is located at 32 Bradford St Concord, MA.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 18‑unit brick apartment building built in 1955; Unit mix includes 12 two‑bedroom, 5 one‑bedroom, and 1 studio apartment; 10 of 18 units have been recently renovated
