Renovated Multifamily Investment
72-78 Highland Street Marlborough, MA 01752
72-78 Highland Street, Marlborough, MA, 01752
$1,485,000
For Sale
$1,485,000
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 Market106
Property Features for 72-78 Highland Street
General Information
- Standard status
- Active
- Size
- 4,365 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Boston MetroWest
(508) 877-6500
Listed by
Tiandao Dong · License #9583475
Source
Eganrealtygroup
Added: Apr 7 Updated: Jul 21 at 9:57AM Checked: Jul 21 at 9:57AM
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
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
Local Financial Insights For Apartment 5plus
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 | $166.6k | $38.16 |
| − Vacancy | −$8.7k | −$1.98 |
| EGI | $157.9k | $36.18 |
| − OpEx | −$71.1k | −$16.28 |
| NOI | $86.8k | $19.90 |
4,365 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
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 Street 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
