End-Unit Residential Income
For Sale
$374,900
3301 Maple Brook Road, Bellingham, MA 02019
End-unit townhome with central air, gas heat and cooking, town utilities, and a recently shingled roof.
Property Size1,436 SF
Price / SF$261.07
Days on Market19
Property Features for 3301 Maple Brook Road
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Apartment
Additional Details
Utilities to Site
Yes
Multifamily Units
1
Amenities
Range
Dishwasher
Microwave
Refrigerator
Washer
Dryer
Central Air
1 Fireplace
Tile
Carpet
Wood Laminate
Forced Air, Natural Gas
3.0 Stories
$5,015 Taxes
Public
Built in 1988
Building Details
Year Built
1988
Listing Agency:
Century 21 Custom Home Realty
(508) 473-4777
Listed By:
Bobby Capuzziello
Source:
Donahuere
Added: Jul 21
Changed: Aug 7
Last Checked: Aug 8 at 2:36AM
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 Century 21 Custom Home Realty
Investment Insights
Based on property information with market context.
This end-unit townhome at Birchwood Condominiums was built in 1988 and offers 1,436 square feet of living area. The property includes central air, gas heat and cooking, town water, and town sewer rather than a septic system. The roof was recently shingled in July 2026.
The residence is located at 3301 Maple Brook Road in Bellingham, Massachusetts. It occupies an end position within a five-unit building at the end of the street, limiting traffic beyond residents of those five units. The basement may offer additional finishing potential, consistent with improvements made by neighbors.
The residence is located at 3301 Maple Brook Road in Bellingham, Massachusetts. It occupies an end position within a five-unit building at the end of the street, limiting traffic beyond residents of those five units. The basement may offer additional finishing potential, consistent with improvements made by neighbors.
Key Highlights
- 1,436 square feet of living area
- End‑unit townhome in Birchwood Condominiums
- Five‑unit building at the end of the street
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
$23,734
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
6.33%
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%
$474,680
$474.7K
Cap Rate 7%
$339,057
$339.1K
Cap Rate 9%
$263,711
$263.7K
Market Conditions
NOI Build-Up for 1,436 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
$45.7K $31.80/SF
− Vacancy
−$2.5K −$1.75/SF
EGI
$43.2K $30.05/SF
− OpEx
−$19.4K −$13.52/SF
NOI
$23.7K $16.53/SF
Area
Norfolk County, MA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$474,680
Cap Rate 7%
$339,057
Cap Rate 9%
$263,711
Alternative Uses
Best Use
Apartment 5plus
$339.1K
$296.7K – $395.6K
NOI $23,734 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$850.1K
$743.8K – $991.8K
NOI $59,507 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 02019, MA
16,945
Population
6,555
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
926
Density / Sq Mi
$120,966
Median Household Income
$61,453
Median Earnings
$1,788
Median Rent
$425,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit townhome with central air, gas heat and cooking, town utilities, and a recently shingled roof.
Where is this residential income property located?
The property is located at 3301 Maple Brook Road Bellingham, MA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 1,436 square feet of living area; End‑unit townhome in Birchwood Condominiums; Five‑unit building at the end of the street
