Stoughton Multifamily Investment
For Sale
$2,375,000
Pending
5-11 Monk St, Stoughton, MA 02072
Two fully-tenanted multifamily properties in downtown Stoughton with income upside.
Property Size6,359 SF
Lot Size0.28 Acres
Days on Market266
Property Features for 5-11 Monk St
General Information
Standard status
Pending
Size
6,359 SF
Lot size
0.28 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$17,195
Building Details
Building Size
6,359 SF
Year Built
1900
Stories
7
Units
9
Listing Agency:
(617) 429-2031
Listed By:
Tony Pepdjonovic · License #(S):MA:9525302
(617) 429-2031
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 20 at 9:38AM
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 Tony Pepdjonovic
Investment Insights
Based on property information with market context.
Located in downtown Stoughton, 5-7 & 11 Monk Street consist of two adjacent multifamily properties. The properties include a total of 9 units and are fully tenanted. The properties generate strong in-place income with additional rental upside through renovation of units. The current monthly income is $18,940, with a yearly income of $226,080. Tenants are responsible for separate heat, hot water, and electricity. Additional features include off-street parking and on-site laundry. The location is within walking distance (0.2 miles) of the MBTA Commuter Rail, as well as various shopping and dining amenities, making it an ideal location for renters.
Key Highlights
- Prime downtown Stoughton location, walking distance to MBTA Commuter Rail (0.2mi), shopping, and dining.
- Strong in‑place income with potential for increased rental income through unit renovations.
- Fully‑tenanted properties with 9 total units.
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
$105,102
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
4.43%
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%
$2,102,040
$2.1M
Cap Rate 7%
$1,501,457
$1.5M
Cap Rate 9%
$1,167,800
$1.2M
Market Conditions
NOI Build-Up for 6,359 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
$202.2K $31.80/SF
− Vacancy
−$11.1K −$1.75/SF
EGI
$191.1K $30.05/SF
− OpEx
−$86.0K −$13.52/SF
NOI
$105.1K $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%
$2,102,040
Cap Rate 7%
$1,501,457
Cap Rate 9%
$1,167,800
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $105,102 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,515 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
Business Placement
Demographics for 02072, MA
29,281
Population
11,346
Households
2.6
Avg Household Size
44
Median Age
41%
College-Educated
91%
High-School Grad
16.1 sq mi
ZIP Area
1,819
Density / Sq Mi
$104,164
Median Household Income
$55,250
Median Earnings
$1,993
Median Rent
$496,700
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?
Apartment building - Two fully-tenanted multifamily properties in downtown Stoughton with income upside.
Where is this apartment building located?
The property is located at 5-11 Monk St Stoughton, MA.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Prime downtown Stoughton location, walking distance to MBTA Commuter Rail (0.2mi), shopping, and dining.; Strong in‑place income with potential for increased rental income through unit renovations.; Fully‑tenanted properties with 9 total units.
