Fully Renovated Multi-Unit
45 Summer Street Natick, MA 01760
For Sale
$1,100,000
Vacant, fully renovated multi-unit building with new appliances and updated finishes, ready for immediate occupancy or rental.
Property Size2,572 SF
Price / SF$427.68
Days on Market134
Property Features for 45 Summer Street
General Information
- Standard status
- Active
- Size
- 2,572 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing Agency:
Five Stars Realty LLC
(860) 560-1500
Listed By:
Nanci Bermejo · License #9576136
(860) 560-1500
Source:
Compass
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 23 at 2:09PM
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 Five Stars Realty LLC
Investment Insights
Based on property information with market context.
This fully renovated multi-unit property is vacant and move-in ready, featuring modern updates throughout including brand-new appliances, updated finishes, and other improvements. The building is positioned to support flexible ownership, whether the buyer chooses to occupy one unit and rent the other or set market rents across the units.
The property is located near downtown Natick and provides convenient access to Route 9, Route 27, the Mass Pike (I-90), and the Natick Center commuter rail. It is also close to shopping, restaurants, local businesses, and the Natick Mall.
As presented, it is a turnkey asset with contemporary interior condition and practical income/occupancy flexibility for a range of multi-family buyers.
The property is located near downtown Natick and provides convenient access to Route 9, Route 27, the Mass Pike (I-90), and the Natick Center commuter rail. It is also close to shopping, restaurants, local businesses, and the Natick Mall.
As presented, it is a turnkey asset with contemporary interior condition and practical income/occupancy flexibility for a range of multi-family buyers.
Key Highlights
- Vacant, fully renovated multi‑unit building at 45 Summer St, Natick, MA
- 3 full baths; interior features include living room, kitchen, and family room
- Full walk‑out basement with concrete floor
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.8k | $31.80 |
| − Vacancy | −$4.0k | −$1.57 |
| EGI | $77.7k | $30.23 |
| − OpEx | −$23.3k | −$9.07 |
| NOI | $54.4k | $21.16 |
2,572 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$777.5K
$680.3K – $907.1K
NOI $54,424 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$731.1K
$639.7K – $852.9K
NOI $51,174 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,583 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant, fully renovated multi-unit building with new appliances and updated finishes, ready for immediate occupancy or rental.
Where is this duplex located?
The property is located at 45 Summer Street Natick, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Vacant, fully renovated multi‑unit building at 45 Summer St, Natick, MA; 3 full baths; interior features include living room, kitchen, and family room; Full walk‑out basement with concrete floor
