Updated Three-Unit
For Sale
$930,000
Pending
179 Chestnut Street, Marlborough, MA 01752
Residential Income, Marlborough, MA
Property Size3,339 SF
Lot Size0.13 Acres
Days on Market20
Property Features for 179 Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA-2
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 7, Bathroom 1, Bedroom 3
Parking
6
Directions
Route 85 to Chestnut Street
Standard status
Pending
APN
613849
Size
3,339 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6532
Building Details
Year built
1925
Floors in Building
4
Number of units
3
Listing Agency:
REMAX Executive Realty · RE/MAX International
(508) 435-6700
Listed By:
Bill Wright · License #5503
(508) 435-6700
Added: Aug 13
Changed: Aug 26
Last Checked: Sep 1 at 11:06AM
MLS# 73563635
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit residential property contains 3,339 square feet on a 0.1299-acre lot and was built in 1925. The first-floor apartment includes three bedrooms, one full bathroom, and finished recreation space in the basement. The second floor also provides three bedrooms, while the top-floor unit has one bedroom, an office, and an open living and dining arrangement. Each apartment includes granite countertops and updated bathrooms.
Vinyl siding supports straightforward exterior maintenance, and six off-street parking spaces serve the property. The building is located in Marlborough, Massachusetts, with access to nearby shopping and highways. RA-2 zoning applies to the property.
Vinyl siding supports straightforward exterior maintenance, and six off-street parking spaces serve the property. The building is located in Marlborough, Massachusetts, with access to nearby shopping and highways. RA-2 zoning applies to the property.
Key Highlights
- Three‑unit property with 3,339 square feet
- 0.1299‑acre lot in Marlborough, MA
- First‑floor unit includes 3 bedrooms, 1 full bathroom, and finished basement recreation space
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
$70,654
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
7.60%
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%
$1,413,080
$1.4M
Cap Rate 7%
$1,009,343
$1.0M
Cap Rate 9%
$785,044
$785.0K
Market Conditions
NOI Build-Up for 3,339 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
$106.2K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$100.9K $30.23/SF
− OpEx
−$30.3K −$9.07/SF
NOI
$70.7K $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 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%
$1,413,080
Cap Rate 7%
$1,009,343
Cap Rate 9%
$785,044
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.2K – $1.18M
NOI $70,654 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$949.1K
$830.4K – $1.11M
NOI $66,435 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,367 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 01752, MA
41,793
Population
17,370
Households
2.4
Avg Household Size
40
Median Age
41%
College-Educated
89%
High-School Grad
20.9 sq mi
ZIP Area
2,000
Density / Sq Mi
$95,047
Median Household Income
$49,012
Median Earnings
$1,721
Median Rent
$485,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units combine flexible layouts, refreshed interiors, and six off-street parking spaces.
Where is this triplex located?
The property is located at 179 Chestnut Street Marlborough, MA.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Three‑unit property with 3,339 square feet; 0.1299‑acre lot in Marlborough, MA; First‑floor unit includes 3 bedrooms, 1 full bathroom, and finished basement recreation space
