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34-42 West Street 32-42 West St 32 Unit Apartment Building $9,000,000 ($281,250/Unit) 6.09% Cap Rate Randolph, MA 02368
EXECUTIVE SUMMARY
THE WEST STREET RESIDENCES represent a rarely available 32-unit multifamily investment in the growing and diverse community of Randolph, Massachusetts.
This well-maintained property features ample parking (34 dedicated spaces), spacious floor plans With central air conditioning, and a strong rental history with consistent occupancy. Only partially renovated, this workhorse brick building has value-add opportunity.
Positioned just off Route 28 and minutes from I-93 and Route 24, the property benefits from excellent access to major highways, Boston, and key employment hubs.
This well-maintained property features ample parking (34 dedicated spaces), spacious floor plans With central air conditioning, and a strong rental history with consistent occupancy. Only partially renovated, this workhorse brick building has value-add opportunity.
Positioned just off Route 28 and minutes from I-93 and Route 24, the property benefits from excellent access to major highways, Boston, and key employment hubs.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $9,000,000 | Building Class | C |
| Price Per Unit | $281,250 | Lot Size | 0.78 AC |
| Sale Type | Investment | Building Size | 27,099 SF |
| Cap Rate | 6.09% | Average Occupancy | 100% |
| No. Units | 32 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 0.71/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | CBSD | ||
| Price | $9,000,000 |
| Price Per Unit | $281,250 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 27,099 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 0.71/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CBSD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $2,450 | 830 - 950 |
| 1+1 | 15 | $2,000 | 620 - 700 |
| Studios | 1 | $1,600 | - |
PROPERTY TAXES
| Parcel Number | RAND-000055-D000000-000421 | Total Assessment | $5,289,200 (2025) |
| Land Assessment | $1,651,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,638,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
RAND-000055-D000000-000421
Land Assessment
$1,651,200 (2025)
Improvements Assessment
$3,638,000 (2025)
Total Assessment
$5,289,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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34-42 West Street | 32-42 West St
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