Remodeled Duplex with Two
New
For Sale
$875,000
9 Alden Ave E, Randolph, MA 02368
Updated two-unit property with separate entrances, private laundry, and modern kitchen finishes.
Property Size2,342 SF
Days on Market2
Property Features for 9 Alden Ave E
General Information
Standard status
Active
Size
2,342 SF
Total Parking Spaces
4
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,563
Amenities
hardwood floors
luxury vinyl flooring
slider to back porch
private entrance
in-unit laundry
central air
heat pump
white quartz countertops
stainless-steel appliances
new kitchen
new bathrooms
Building Details
Building Size
2,342 SF
Year Built
2007
Buildings
1
Listing Agency:
JM Realty Group
(508) 238-2417
Listed By:
Jiva Segaran · License #9582785
Source:
Classifiedrealtygroup
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 3:52AM
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 JM Realty Group
Investment Insights
Based on property information with market context.
Built in 2007, this remodeled duplex contains two separate residences with a flexible layout for owner occupancy, rental use, or extended-family living. The upper apartment offers 3 bedrooms and 1 bath, along with an updated kitchen, open dining and living areas, hardwood flooring, and access to a rear porch. The lower unit includes 2 bedrooms and 1 bath, a large primary bedroom with walk-in closet, luxury vinyl flooring, and its own entrance. Each residence has private laundry and a renovated bathroom.
Property improvements include vinyl siding, a new roof, and a new central air and heat pump system. Interior updates include fresh paint, premium white quartz countertops, stainless-steel appliances, and new flooring. The property sits on almost a half-acre with Town water/sewer in Randolph, Massachusetts, and is minutes from highway access and a train station.
Property improvements include vinyl siding, a new roof, and a new central air and heat pump system. Interior updates include fresh paint, premium white quartz countertops, stainless-steel appliances, and new flooring. The property sits on almost a half-acre with Town water/sewer in Randolph, Massachusetts, and is minutes from highway access and a train station.
Key Highlights
- Two‑unit duplex built in 2007
- Upper residence has 3 bedrooms and 1 bath
- Lower residence has 2 bedrooms and 1 bath
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
$41,953
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
4.79%
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%
$839,060
$839.1K
Cap Rate 7%
$599,329
$599.3K
Cap Rate 9%
$466,144
$466.1K
Market Conditions
NOI Build-Up for 2,342 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
$63.2K $27.00/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$59.9K $25.59/SF
− OpEx
−$18.0K −$7.68/SF
NOI
$42.0K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /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%
$839,060
Cap Rate 7%
$599,329
Cap Rate 9%
$466,144
Alternative Uses
Best Use
Multifamily LT 5
$599.3K
$524.4K – $699.2K
NOI $41,953 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$553.0K
$483.9K – $645.2K
NOI $38,709 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,052 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 02368, MA
35,025
Population
13,091
Households
2.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
9.3 sq mi
ZIP Area
3,766
Density / Sq Mi
$103,321
Median Household Income
$52,614
Median Earnings
$2,049
Median Rent
$464,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with separate entrances, private laundry, and modern kitchen finishes.
Where is this duplex located?
The property is located at 9 Alden Ave E Randolph, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2007; Upper residence has 3 bedrooms and 1 bath; Lower residence has 2 bedrooms and 1 bath
