2-Unit Residential
53 Summer St, Natick, MA 01760
For Sale
$799,900
Pending
Both apartments offer two bedrooms, with an additional full-bath configuration and attic bonus area upstairs.
Property Size2,580 SF
Days on Market8
Property Features for 53 Summer St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
outdoor common space
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Colby Hunter Realty
Listed By:
Jesse Mason
(774) 217-1633
Source:
Cityviewrealestate
Added: Nov 6
Last Checked: Nov 13 at 4:18AM
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 Colby Hunter Realty
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Investment Insights
Based on property information with market context.
At 53 Summer St, this 2,580-square-foot duplex dates to 1900 and is zoned RG. Each apartment has two bedrooms and a kitchen. The upper unit includes two full bathrooms and additional attic space. Shared outdoor area and off-street parking serve the property.
The home is in downtown Natick, within walking distance of the Natick Center Commuter Rail Station, Natick Town Common, the public library, TCAN, a weekly farmers market, and the Cochituate Rail Trail. Nearby highway routes include the Massachusetts Turnpike and Routes 9, 16, 27, 30, and 135.
The home is in downtown Natick, within walking distance of the Natick Center Commuter Rail Station, Natick Town Common, the public library, TCAN, a weekly farmers market, and the Cochituate Rail Trail. Nearby highway routes include the Massachusetts Turnpike and Routes 9, 16, 27, 30, and 135.
Key Highlights
- Two residential units, each with two bedrooms
- 2,580 square feet; built in 1900
- Upper apartment has two full bathrooms and attic bonus space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,594
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,880
$1.1M
Cap Rate 7%
$779,914
$779.9K
Cap Rate 9%
$606,600
$606.6K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$82.0K $31.80/SF
− Vacancy
−$4.1K −$1.57/SF
EGI
$78.0K $30.23/SF
− OpEx
−$23.4K −$9.07/SF
NOI
$54.6K $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%
$1,091,880
Cap Rate 7%
$779,914
Cap Rate 9%
$606,600
Alternative Uses
Best Use
Multifamily LT 5
$779.9K
$682.4K – $909.9K
NOI $54,594 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$733.3K
$641.7K – $855.6K
NOI $51,333 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,915 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
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Business Placement
Demographics for 01760, MA
36,659
Population
15,838
Households
2.3
Avg Household Size
42
Median Age
69%
College-Educated
98%
High-School Grad
14.8 sq mi
ZIP Area
2,477
Density / Sq Mi
$134,644
Median Household Income
$77,632
Median Earnings
$2,061
Median Rent
$740,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments offer two bedrooms, with an additional full-bath configuration and attic bonus area upstairs.
Where is this duplex located?
The property is located at 53 Summer St Natick, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two residential units, each with two bedrooms; 2,580 square feet; built in 1900; Upper apartment has two full bathrooms and attic bonus space
