4-Unit Multifamily Property with Finished
New
For Sale
$925,000
98 Warren St, Randolph, MA 02368
Residents have on-site laundry, assigned storage, and tenant-paid gas heat and hot water.
Property Size3,046 SF
Lot Size0.31 Acres
Price / SF$303.68
Days on Market2
Property Features for 98 Warren St
General Information
Standard status
Active
Size
3,046 SF
Total Parking Spaces
12
Lot size
0.31 Acres
Property subtype
Residential Income
Zoning
RH
Net Operating Income
$26,400
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,084
Amenities
assigned storage
on-site laundry facilities
Building Details
Building Size
3,046 SF
Year Built
1907
Listing Agency:
Horvath & Tremblay
Listed By:
Sam Peck · License #9581042
(617) 910-1231
Source:
413realestate
Added: Oct 24
Last Checked: Oct 24 at 2:43PM
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 Horvath & Tremblay
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Investment Insights
Based on property information with market context.
Built in 1907, this Randolph multifamily property contains four 1-bedroom, 1-bathroom units with 3,046 square feet of gross living area on a 0.31-acre parcel. Two units are vacant. The finished attic may offer the option to reconfigure an existing 1-bedroom unit into a 3-bedroom, 2-bathroom layout. On-site features include four garage bays, eight off-street parking spaces, assigned storage, and laundry facilities. Electricity is separately metered, and tenants pay for gas heat and hot water. The property is zoned RH.
Route 28, Route 24, I-93, and public transportation are nearby. Shopping, dining, and recreational amenities are also in the surrounding area.
Route 28, Route 24, I-93, and public transportation are nearby. Shopping, dining, and recreational amenities are also in the surrounding area.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units; 3,046 square feet of gross living area
- 0.31‑acre parcel; built in 1907
- Four garage bays and eight off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,564
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,280
$1.1M
Cap Rate 7%
$779,486
$779.5K
Cap Rate 9%
$606,267
$606.3K
Market Conditions
NOI Build-Up for 3,046 SF
Gross rent
$82.2K $27.00/SF
− Vacancy
−$4.3K −$1.41/SF
EGI
$77.9K $25.59/SF
− OpEx
−$23.4K −$7.68/SF
NOI
$54.6K $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 Rate 5%
$1,091,280
Cap Rate 7%
$779,486
Cap Rate 9%
$606,267
Alternative Uses
Best Use
Multifamily LT 5
$779.5K
$682.1K – $909.4K
NOI $54,564 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$719.2K
$629.3K – $839.1K
NOI $50,344 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,225 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
919
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Residents have on-site laundry, assigned storage, and tenant-paid gas heat and hot water.
Where is this quadplex located?
The property is located at 98 Warren St Randolph, MA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; 3,046 square feet of gross living area; 0.31‑acre parcel; built in 1907; Four garage bays and eight off‑street parking spaces
