Two-Family Colonial in
For Sale
$1,050,000
79-81 Assabet Avenue, Concord, MA 01742
Rare two-family colonial in historical Concord, Massachusetts.
Property Size3,112 SF
Price / SF$337.40
Days on Market456
Property Features for 79-81 Assabet Avenue
General Information
Standard status
Active
Size
3,112 SF
Total Parking Spaces
6
Property subtype
Multi-family / 2 Family - 2 Units Side by Side
Zoning
RES
Net Operating Income
$30,000
Taxes and HOA fees
Annual Taxes
$12,374
Amenities
No
Vinyl, Hardwood
Range, Dishwasher, Refrigerator
3.0
Full, Unfinished Basement
Living Room, Dining Room, Kitchen
2
1
2.50
3
Frame
Shingle
Level
Porch, Deck - Wood
Building Details
Year Built
1888
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By:
Jim Holbrook · License #9031293
(508) 834-1500
Source:
Compass
Added: Jul 7, 2025
Changed: Oct 2
Last Checked: Oct 4 at 12:25PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
Investment Insights
Based on property information with market context.
This two-family colonial property is located in the historical town of Concord, Massachusetts. Each unit features three bedrooms, a kitchen, a dining room, and a living room. Unit one includes a third-floor finished space suitable for a family room or large office. The property includes an oversized private backyard. The location provides access to Routes 2 and 2A, two commuter rail stops, and both town centers. The property is near shopping, dining, and historical sites in Concord center. Concord is known for its highly rated schools. This property presents an opportunity for buyers and investors looking for residential income.
Key Highlights
- Two‑family colonial in historical Concord, offering potential rental income or multi‑generational living.
- Each unit features three bedrooms, kitchen, dining room, and living room.
- Convenient access to Rte. 2 and 2A, and two commuter rail stops.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,851
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,020
$1.3M
Cap Rate 7%
$940,729
$940.7K
Cap Rate 9%
$731,678
$731.7K
Market Conditions
NOI Build-Up for 3,112 SF
Gross rent
$99.0K $31.80/SF
− Vacancy
−$4.9K −$1.57/SF
EGI
$94.1K $30.23/SF
− OpEx
−$28.2K −$9.07/SF
NOI
$65.9K $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 Rate 5%
$1,317,020
Cap Rate 7%
$940,729
Cap Rate 9%
$731,678
Alternative Uses
Best Use
Multifamily LT 5
$940.7K
$823.1K – $1.10M
NOI $65,851 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$884.5K
$774.0K – $1.03M
NOI $61,918 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,960 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 01742, MA
18,545
Population
6,659
Households
2.8
Avg Household Size
47
Median Age
79%
College-Educated
96%
High-School Grad
24.1 sq mi
ZIP Area
770
Density / Sq Mi
$211,435
Median Household Income
$112,975
Median Earnings
$2,471
Median Rent
$1,139,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Rare two-family colonial in historical Concord, Massachusetts.
Where is this duplex located?
The property is located at 79-81 Assabet Avenue Concord, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑family colonial in historical Concord, offering potential rental income or multi‑generational living.; Each unit features three bedrooms, kitchen, dining room, and living room.; Convenient access to Rte. 2 and 2A, and two commuter rail stops.
