Triplex with Fenced
For Sale
$950,000
380 Central St, Foxboro, MA 02035
Three residential units offer varied layouts, private laundry, and a mix of updated and original interior finishes.
Property Size4,244 SF
Price / SF$223.85
Days on Market59
Property Features for 380 Central St
General Information
Standard status
Active
Size
4,244 SF
Property subtype
Multi-Family
Building Details
Year Built
1870
Listing Agency:
Keller Williams Elite
(508) 277-6941
Listed By:
Mary Noll
Source:
Lawanaandcompany
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 30 at 7:24PM
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 Elite
Investment Insights
Based on property information with market context.
This R40-zoned triplex, built in 1870, contains two garden-style residences and one townhouse-style residence. The three-bedroom unit is vacant, while the two remaining units are held as TAW units. Each residence includes in-unit laundry. Unit 2 features a newer kitchen and bathroom, an open first-floor arrangement, and additional updates. Hardwood, tile, and laminate flooring are used throughout the building. Two units have separate utilities; Unit 1 and Unit 3 share heat and electric, while Unit 2 pays its own rent, heat, and electric.
The property includes a fenced yard, and the septic system has been inspected and passed. The address provides access to Routes 95 and 495, Mansfield Commuter Rail Station, Mansfield Crossing, Foxboro Center, Patriot Place, Patriot Stadium, Mass General Brigham, and nearby restaurants.
The property includes a fenced yard, and the septic system has been inspected and passed. The address provides access to Routes 95 and 495, Mansfield Commuter Rail Station, Mansfield Crossing, Foxboro Center, Patriot Place, Patriot Stadium, Mass General Brigham, and nearby restaurants.
Key Highlights
- Three‑unit configuration with 2 garden‑style units and 1 townhouse‑style unit
- Three‑bedroom unit currently vacant; Units 2 and 3 have 2 bedrooms
- In‑unit laundry provided in each residence
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
$76,025
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
8.00%
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%
$1,520,500
$1.5M
Cap Rate 7%
$1,086,071
$1.1M
Cap Rate 9%
$844,722
$844.7K
Market Conditions
NOI Build-Up for 4,244 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
$114.6K $27.00/SF
− Vacancy
−$6.0K −$1.41/SF
EGI
$108.6K $25.59/SF
− OpEx
−$32.6K −$7.68/SF
NOI
$76.0K $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 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%
$1,520,500
Cap Rate 7%
$1,086,071
Cap Rate 9%
$844,722
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$950.3K – $1.27M
NOI $76,025 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$1.00M
$876.8K – $1.17M
NOI $70,145 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,870 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 02035, MA
18,618
Population
7,414
Households
2.5
Avg Household Size
42
Median Age
58%
College-Educated
97%
High-School Grad
19.9 sq mi
ZIP Area
936
Density / Sq Mi
$108,559
Median Household Income
$62,457
Median Earnings
$1,763
Median Rent
$581,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, private laundry, and a mix of updated and original interior finishes.
Where is this triplex located?
The property is located at 380 Central St Foxboro, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three‑unit configuration with 2 garden‑style units and 1 townhouse‑style unit; Three‑bedroom unit currently vacant; Units 2 and 3 have 2 bedrooms; In‑unit laundry provided in each residence
