Fourplex with Development
40 High St, Acton, MA 01720
For Sale
$2,200,000
Pending
Four-unit property on 2.5 acres with preliminary approval for three additional building lots.
Property Size5,012 SF
Lot Size2.50 Acres
Days on Market1251
Property Features for 40 High St
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Aho Properties, LLC
Listed By:
Joel Aho
(508) 868-0216
Source:
Exprealty
Added: Jun 13, 2023
Changed: Nov 11
Last Checked: Nov 12 at 11:36AM
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 Aho Properties, LLC
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Investment Insights
Based on property information with market context.
This four-unit (quadplex) property sits on 2.5 acres and includes preliminary approval for an additional three building lots. The building offers four separate units, each with separately metered utilities, its own gas furnace, and a separate gas water heater. Coin-operated washer and dryer are located in the basement, and two chimneys were lined last year.
A conceptual development plan is available in the documents, supporting consideration for redevelopment or mixed-use occupancy. The MLS listing also includes a link to a virtual tour and Matterport 3D tour.
Utilities are individually metered for each unit, providing independent service connections within the existing multi-family structure.
A conceptual development plan is available in the documents, supporting consideration for redevelopment or mixed-use occupancy. The MLS listing also includes a link to a virtual tour and Matterport 3D tour.
Utilities are individually metered for each unit, providing independent service connections within the existing multi-family structure.
Key Highlights
- Large four‑family on 2.5 acres with preliminary approval for an additional three building lots
- Each unit has separately metered utilities, including its own gas furnace and separate gas water heater
- Coin‑operated washer and dryer in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,056
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,121,120
$2.1M
Cap Rate 7%
$1,515,086
$1.5M
Cap Rate 9%
$1,178,400
$1.2M
Market Conditions
NOI Build-Up for 5,012 SF
Gross rent
$159.4K $31.80/SF
− Vacancy
−$7.9K −$1.57/SF
EGI
$151.5K $30.23/SF
− OpEx
−$45.5K −$9.07/SF
NOI
$106.1K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,121,120
Cap Rate 7%
$1,515,086
Cap Rate 9%
$1,178,400
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,056 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$1.42M
$1.25M – $1.66M
NOI $99,722 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,696 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
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Business Placement
Demographics for 01720, MA
23,232
Population
8,937
Households
2.6
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,185
Density / Sq Mi
$154,101
Median Household Income
$79,774
Median Earnings
$1,908
Median Rent
$766,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Middlesex County, MA
Properties on Market for Quadplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property on 2.5 acres with preliminary approval for three additional building lots.
Where is this quadplex located?
The property is located at 40 High St Acton, MA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Large four‑family on 2.5 acres with preliminary approval for an additional three building lots; Each unit has separately metered utilities, including its own gas furnace and separate gas water heater; Coin‑operated washer and dryer in the basement
