Duplex with Fenced
For Sale
$1,195,000
8 Damon, Wayland, MA 01778
Two-family property with flexible bedroom layouts, finished lower-level space, off-street parking, and access to shared laundry.
Property Size3,100 SF
Lot Size0.55 Acres
Price / SF$385.48
Days on Market90
Property Features for 8 Damon
General Information
Standard status
Active
Size
3,100 SF
Lot size
0.55 Acres
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
shared laundry
off-street parking
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Coldwell Banker Realty - Wellesley
Listed By:
John McHugh Real Estate Group
(978) 902-5646
Source:
Elevatedboston
Added: Aug 3
Changed: Oct 28
Last Checked: Oct 30 at 6:16PM
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 Coldwell Banker Realty - Wellesley
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Investment Insights
Based on property information with market context.
This 3,100-square-foot duplex, built in 1950, includes two residential units with distinct layouts. Unit 1 offers two bedrooms, a den, an open living arrangement, and a finished lower-level room suitable for office, exercise, or media use. Unit 2 spans two levels and provides three to four bedrooms, a newer kitchen with updated cabinets and appliances, a modern bathroom, engineered hardwood flooring, fresh paint, and substantial closet space. Basement laundry serves the property.
Set on a 0.55-acre fenced lot at 8 Damon in Wayland, the property also includes off-street parking and a lead compliance certificate. Zoning is BUSA. Routes 27 and 9, the Mass Pike, and Cochituate State Park are within the stated access area.
Set on a 0.55-acre fenced lot at 8 Damon in Wayland, the property also includes off-street parking and a lead compliance certificate. Zoning is BUSA. Routes 27 and 9, the Mass Pike, and Cochituate State Park are within the stated access area.
Key Highlights
- 3,100‑square‑foot duplex on a 0.55‑acre fenced lot
- Unit 1 includes two bedrooms, a den, and a finished lower‑level room
- Unit 2 spans two levels with three to four bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,597
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,940
$1.3M
Cap Rate 7%
$937,100
$937.1K
Cap Rate 9%
$728,856
$728.9K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$98.6K $31.80/SF
− Vacancy
−$4.9K −$1.57/SF
EGI
$93.7K $30.23/SF
− OpEx
−$28.1K −$9.07/SF
NOI
$65.6K $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%
$1,311,940
Cap Rate 7%
$937,100
Cap Rate 9%
$728,856
Alternative Uses
Best Use
Multifamily LT 5
$937.1K
$820.0K – $1.09M
NOI $65,597 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$881.1K
$771.0K – $1.03M
NOI $61,680 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,463 @ 7.0% cap · market cap 10.75%
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
341
Businesses Nearby
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Business Placement
Demographics for 01778, MA
14,132
Population
5,136
Households
2.8
Avg Household Size
45
Median Age
78%
College-Educated
98%
High-School Grad
15.0 sq mi
ZIP Area
942
Density / Sq Mi
$219,531
Median Household Income
$106,935
Median Earnings
$1,403
Median Rent
$935,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with flexible bedroom layouts, finished lower-level space, off-street parking, and access to shared laundry.
Where is this duplex located?
The property is located at 8 Damon Wayland, MA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 3,100‑square‑foot duplex on a 0.55‑acre fenced lot; Unit 1 includes two bedrooms, a den, and a finished lower‑level room; Unit 2 spans two levels with three to four bedrooms
