Renovated Multifamily Investment
For Sale
$1,485,000
72-78 Highland St, Marlborough, MA 01752
Renovated multifamily with updated roof, exterior paint, and 2024 heat pumps and kitchen/bath improvements.
Property Size4,365 SF
Price / SF$340.21
Days on Market147
Property Features for 72-78 Highland St
General Information
Standard status
Active
Size
4,365 SF
Total Parking Spaces
10
Property subtype
Multi-Family
Zoning
RB
Net Operating Income
$134,025
Taxes and HOA fees
Annual Taxes
$8,461
Building Details
Building Size
4,365 SF
Year Built
1900
Stories
5
Listing Agency:
Keller Williams Boston MetroWest
(508) 877-6500
Listed By:
Tiandao Dong · License #9583475
(508) 816-5114
Source:
Churchillprop
Added: May 27
Changed: Oct 6
Last Checked: Oct 19 at 4:11AM
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 Keller Williams Boston MetroWest
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Investment Insights
Based on property information with market context.
This multifamily property at 72–78 Highland Street offers 4,365 square feet of living area. The site includes a half-acre lot with considerable outdoor space and off-street parking for up to 10 or more vehicles. Recent improvements include a new roof and exterior paint completed in 2023, along with new heat pumps/mini splits and new kitchen and bath updates in 2024.
The property is located on a quiet street and is about half a mile from downtown, offering a convenient setting for residents. The outdoor area also presents opportunities for additional development, subject to buyer planning and applicable approvals.
For sale as a multifamily investment, this residence is positioned for strong day-to-day usability with recent capital upgrades and a parking-ready site plan.
The property is located on a quiet street and is about half a mile from downtown, offering a convenient setting for residents. The outdoor area also presents opportunities for additional development, subject to buyer planning and applicable approvals.
For sale as a multifamily investment, this residence is positioned for strong day-to-day usability with recent capital upgrades and a parking-ready site plan.
Key Highlights
- Renovated multifamily at 72‑78 Highland St with new roof and exterior paint (2023) plus new 2024 heat pumps/mini splits
- Updated kitchen and baths completed in 2024
- Approximately 4,365 sq ft of living area on a half‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,849
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,736,980
$1.7M
Cap Rate 7%
$1,240,700
$1.2M
Cap Rate 9%
$964,989
$965.0K
Market Conditions
NOI Build-Up for 4,365 SF
Gross rent
$166.6K $38.16/SF
− Vacancy
−$8.7K −$1.98/SF
EGI
$157.9K $36.18/SF
− OpEx
−$71.1K −$16.28/SF
NOI
$86.8K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,736,980
Cap Rate 7%
$1,240,700
Cap Rate 9%
$964,989
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $86,849 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,884 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 01752, MA
41,793
Population
17,370
Households
2.4
Avg Household Size
40
Median Age
41%
College-Educated
89%
High-School Grad
20.9 sq mi
ZIP Area
2,000
Density / Sq Mi
$95,047
Median Household Income
$49,012
Median Earnings
$1,721
Median Rent
$485,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Renovated multifamily with updated roof, exterior paint, and 2024 heat pumps and kitchen/bath improvements.
Where is this multifamily property located?
The property is located at 72-78 Highland St Marlborough, MA.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Renovated multifamily at 72‑78 Highland St with new roof and exterior paint (2023) plus new 2024 heat pumps/mini splits; Updated kitchen and baths completed in 2024; Approximately 4,365 sq ft of living area on a half‑acre lot
