Duplex with Off-Street
New
For Sale
$459,000
106 Chestnut St, Southbridge, MA 01550
The property includes paved, off-street parking and a range of in-place household appliances.
Property Size2,872 SF
Price / SF$159.82
Days on Market2
Property Features for 106 Chestnut St
General Information
Standard status
Active
Size
2,872 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
R2
Taxes and HOA fees
Annual Taxes
$5,481
Amenities
Pool, Tennis Court(s), Park, Golf
Natural Gas
Full
Range, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater
Cedar Closet(s), Pantry
Paved, Off Street
Building Details
Building Size
2,872 SF
Year Built
1925
Stories
3
Listed By:
Mandy Fontanez
(774) 321-0537
Source:
Evrealestate
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:51AM
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 Mandy Fontanez
Investment Insights
Based on property information with market context.
This 2,872-square-foot duplex was built in 1925 and is zoned R2. The property has natural gas service, a gas water heater, and a range, microwave, refrigerator, washer, and dryer. Interior features include a pantry and cedar closet. Paved off-street parking is also provided.
Key Highlights
- 2,872‑square‑foot duplex
- Built in 1925
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,823
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,460
$776.5K
Cap Rate 7%
$554,614
$554.6K
Cap Rate 9%
$431,367
$431.4K
Market Conditions
NOI Build-Up for 2,872 SF
Gross rent
$56.9K $19.80/SF
− Vacancy
−$1.4K −$0.49/SF
EGI
$55.5K $19.31/SF
− OpEx
−$16.6K −$5.79/SF
NOI
$38.8K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,460
Cap Rate 7%
$554,614
Cap Rate 9%
$431,367
Alternative Uses
Best Use
Multifamily LT 5
$554.6K
$485.3K – $647.1K
NOI $38,823 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$482.7K
$422.3K – $563.1K
NOI $33,786 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$980.7K
$858.2K – $1.14M
NOI $68,652 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 01550, MA
17,740
Population
7,644
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
82%
High-School Grad
20.2 sq mi
ZIP Area
878
Density / Sq Mi
$59,397
Median Household Income
$41,365
Median Earnings
$1,157
Median Rent
$267,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes paved, off-street parking and a range of in-place household appliances.
Where is this duplex located?
The property is located at 106 Chestnut St Southbridge, MA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 2,872‑square‑foot duplex; Built in 1925; R2 zoning
