Income-Generating Two-Family
For Sale
$784,999
58 West Central Street, Natick, MA 01760
Two-family home in downtown Natick, steps from the Common.
Property Size2,122 SF
Price / SF$369.93
Days on Market253
Property Features for 58 West Central Street
General Information
Standard status
Active
Size
2,122 SF
Total Parking Spaces
6
Property subtype
Multi-family / 2 Family
Zoning
RSA
Net Operating Income
$55,800
Taxes and HOA fees
Annual Taxes
$9,173
Amenities
No
Wood, Laminate, Hardwood
Range, Dishwasher, Refrigerator
1
Yes
3.0
Picture Window
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Full, Interior Access, Concrete Floor
Mudroom, Ceiling Fan(s), Pantry, Stone/Granite/Solid Counters, Living Room, Dining Room, Kitchen, Sunroom, Living RM/Dining RM Combo
2
2.50
3
Fenced
Frame
Shingle
Shed(s)
Rain Gutters, Fenced Yard, Patio
Patio
Building Details
Year Built
1850
Listing Agency:
Raymond Douglas Living
(774) 259-5427
Listed By:
Raymond Powell · License #9572634
(774) 259-5427
Source:
Compass
Added: Dec 2, 2025
Changed: Aug 9
Last Checked: Aug 9 at 8:03PM
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 Raymond Douglas Living
Investment Insights
Based on property information with market context.
This two-family home is located in downtown Natick, steps from the Common, commuter rail, and shops. The property, situated in a Historic District, offers charm and character. Any renovations will require board review. The property is currently fully rented, offering rental income. Each unit is occupied by tenants, making this an investment opportunity. The property has potential for investors, owner-occupants, or contractors. The layout allows for renting both units or living in one and renting the other. The property size is 2122 square feet.
Key Highlights
- Prime downtown Natick location: Steps from the Common, commuter rail, and shops.
- Income‑generating two‑family home: Currently fully rented with reliable tenants, providing immediate rental income.
- Versatile layout: Ideal for investors or owner‑occupants, offering options to rent both units or live in one and rent the other.
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
$44,902
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
5.72%
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%
$898,040
$898.0K
Cap Rate 7%
$641,457
$641.5K
Cap Rate 9%
$498,911
$498.9K
Market Conditions
NOI Build-Up for 2,122 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
$67.5K $31.80/SF
− Vacancy
−$3.3K −$1.57/SF
EGI
$64.1K $30.23/SF
− OpEx
−$19.2K −$9.07/SF
NOI
$44.9K $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 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%
$898,040
Cap Rate 7%
$641,457
Cap Rate 9%
$498,911
Alternative Uses
Best Use
Multifamily LT 5
$641.5K
$561.3K – $748.4K
NOI $44,902 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$603.2K
$527.8K – $703.7K
NOI $42,221 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,935 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in downtown Natick, steps from the Common.
Where is this duplex located?
The property is located at 58 West Central Street Natick, MA.
What is the asking price?
The asking price for this property is $784,999.
What are key features of this property?
This property features: Prime downtown Natick location: Steps from the Common, commuter rail, and shops.; Income‑generating two‑family home: Currently fully rented with reliable tenants, providing immediate rental income.; Versatile layout: Ideal for investors or owner‑occupants, offering options to rent both units or live in one and rent the other.
