Three-Unit Multifamily
For Sale
$950,000
380 Central St, Foxboro, MA 02035
MULTI_FAMILY - Foxboro, MA
Property Size4,244 SF
Lot Size0.28 Acres
Price / SF$223.85
Days on Market55
Property Features for 380 Central St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R40
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Parking
6
Directions
From Mansfield Rte 106 take Central St into Foxboro, on Foxboro/Mansfield town line.
Standard status
Active
APN
M:0166 B:0000 L:00020000,944843
Size
4,244 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8714
Amenities
in unit laundry
hardwood floors
tile
laminate
fenced yard
Building Details
Year built
1870
Floors in Building
4
Number of units
3
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Jun 18
Changed: Aug 1
Last Checked: Aug 11 at 10:06PM
MLS# 73538215
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit multifamily home offers two garden-style units and one townhouse-style unit. The building includes a three-bedroom unit that is currently vacant, along with two two-bedroom units. Each unit has its own in-unit laundry. Unit 2 has a newer kitchen and bathroom, an open first-floor plan, and some newer updates throughout. Flooring includes hardwood, tile, and laminate throughout the building.
The fenced yard supports outdoor use. Two units have separate utilities, while Units 1 and 3 share heat and electric that are currently paid by the landlord. The septic has been inspected and passed.
Convenient access is described as minutes to Rte 95 and 495, the Mansfield Commuter Rail Station, Mansfield Crossing shopping, and Foxboro Center, with a short drive to Patriot Place and Patriot Stadium, as well as Mass General Brigham and other nearby dining options. Showings are planned as group showings.
The fenced yard supports outdoor use. Two units have separate utilities, while Units 1 and 3 share heat and electric that are currently paid by the landlord. The septic has been inspected and passed.
Convenient access is described as minutes to Rte 95 and 495, the Mansfield Commuter Rail Station, Mansfield Crossing shopping, and Foxboro Center, with a short drive to Patriot Place and Patriot Stadium, as well as Mass General Brigham and other nearby dining options. Showings are planned as group showings.
Key Highlights
- Three‑unit multifamily with two garden‑style units and one townhouse‑style unit
- One unit is currently vacant; the other two are two‑bedroom units
- Each unit has in‑unit laundry
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
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
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-unit multifamily in Foxboro with two garden-style units and a townhouse-style unit, each with in-unit laundry.
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 multifamily with two garden‑style units and one townhouse‑style unit; One unit is currently vacant; the other two are two‑bedroom units; Each unit has in‑unit laundry
