Residential Income
99 West Central Street Natick, MA 01760
For Sale
$999,000
Legal 2-family with a third-floor unit and 3 gas heating systems, offering three residential units with off-street parking.
Property Size2,987 SF
Price / SF$334.45
Days on Market109
Property Features for 99 West Central Street
General Information
- Standard status
- Active
- Size
- 2,987 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing Agency:
RE/MAX Real Estate Center
(617) 921-5918
Listed By:
Watson Homes Team
(617) 921-5918
Source:
Compass
Added: Apr 6
Changed: Jul 23
Last Checked: Jul 23 at 7:26AM
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 RE/MAX Real Estate Center
Investment Insights
Based on property information with market context.
Spacious residential income property presented as a legal 2-family currently taxed and used as a 3-family, with three gas heating systems. The layout includes Unit 1 with 5 rooms, 2 bedrooms, a living and dining area, kitchen, and porch (currently vacant). Unit 2 includes 5 rooms with 3 bedrooms plus living and kitchen areas, and a deck, along with a third-floor unit featuring 2 bedrooms, a bathroom, living room, and kitchen (occupied). A finished basement room with direct entry includes plumbing for a future bath.
The property is positioned within walking distance to Natick Center, commuter rail, Natick Common, shops, and restaurants. Off-street parking is available, and the property includes a 2–3 car garage that is currently rented. The private lot abuts Eddie’s Park walking trail and Lake Cochituate.
The building is described as needing updating, with showings scheduled only during open houses.
The property is positioned within walking distance to Natick Center, commuter rail, Natick Common, shops, and restaurants. Off-street parking is available, and the property includes a 2–3 car garage that is currently rented. The private lot abuts Eddie’s Park walking trail and Lake Cochituate.
The building is described as needing updating, with showings scheduled only during open houses.
Key Highlights
- Legal 2‑family with a third‑floor unit, currently used and taxed as a 3‑family
- Three residential units total: Unit 1 (2BR, 5 rooms) vacant; Unit 2 (3BR, 5 rooms) plus 3rd‑floor unit (2BR, 3 rooms) occupied
- 3 gas heating systems
Financial Insights For Multifamily LT 5
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 | $95.0k | $31.80 |
| − Vacancy | −$4.7k | −$1.57 |
| EGI | $90.3k | $30.23 |
| − OpEx | −$27.1k | −$9.07 |
| NOI | $63.2k | $21.16 |
2,987 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$902.9K
$790.1K – $1.05M
NOI $63,206 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$849.0K
$742.9K – $990.5K
NOI $59,431 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,781 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Doherty Robert P
Foster Care Service
Mind Works
Medical Clinic
Eating Disorders, Anxiety, ...
Medical Clinic
Shelley L. Rattet, ...
Medical Clinic
Lombroso Anna
Physician
FAQs
What type of property is this?
Triplex - Legal 2-family with a third-floor unit and 3 gas heating systems, offering three residential units with off-street parking.
Where is this triplex located?
The property is located at 99 West Central Street Natick, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Legal 2‑family with a third‑floor unit, currently used and taxed as a 3‑family; Three residential units total: Unit 1 (2BR, 5 rooms) vacant; Unit 2 (3BR, 5 rooms) plus 3rd‑floor unit (2BR, 3 rooms) occupied; 3 gas heating systems
