Upgraded Two-Family
11 Preston Street, Millville, MA 01529
- Added:
- Apr 22, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 14 at 8:06 am
Property Features for 11 Preston Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RES
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
- Parking
- 5
- Standard status
- Pending
- APN
- 3521610
- Size
- 2,098 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3236
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 2
Listing office Keller Williams Elite 25 Messenger Street, 2nd Floor, Plainville, MA (508) 695-4545
Listing date Apr 22, 2026
MLS# 73505203
Listing URL
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.
HighLights
- Owner‑occupied two‑family home built in 1920 with each unit offering over 1,000 sq ft of living space
- Major updates include roof (2018), siding (2017), well (2017), septic (2014), and oil tanks (approx. 2016)
- First‑floor unit features 2 bedrooms, kitchen flowing into living room, and sliding doors to a private deck
- Recently remodeled second‑floor unit offers 2 bedrooms (including a walk‑in closet), kitchen, living room with pocket doors, and porch
- Walk‑up third floor provides space to expand the second unit or create a separate apartment
- Two separate driveways provide parking for up to five vehicles
Overview
This owner-occupied two-family home is in excellent condition and features numerous upgrades. Each unit provides over 1,000 square feet of living space. The first floor includes two bedrooms, a kitchen that opens to the living room, and sliding doors to a private deck. The second-floor unit, which has been recently remodeled, offers two bedrooms, including one with a walk-in closet, a kitchen, a living room with pocket doors, and a porch. The property also features a walk-up third floor, presenting the potential to expand the second unit or create a separate apartment. Significant updates include a roof installed in 2018, siding replaced in 2017, a well installed in 2017, a septic system installed in 2014, and oil tanks installed around 2016. Two separate driveways offer parking for up to five vehicles. This property is suitable for both owner-occupants and investors and has rental value. The lot size is 0.1928 acres and the property size is 2098 square feet.
Local 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 | $41.5k | $19.80 |
| − Vacancy | −$1.0k | −$0.49 |
| EGI | $40.5k | $19.31 |
| − OpEx | −$12.2k | −$5.79 |
| NOI | $28.4k | $13.52 |
2,098 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.1K
$354.5K – $472.7K
NOI $28,360 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$352.6K
$308.5K – $411.4K
NOI $24,681 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$716.4K
$626.9K – $835.9K
NOI $50,151 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.577029
- Latitude
- 42.027541
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with recent upgrades and expansion potential.
Where is this duplex located?
The property is located at 11 Preston Street Millville, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Owner‑occupied two‑family home built in 1920 with each unit offering over 1,000 sq ft of living space; Major updates include roof (2018), siding (2017), well (2017), septic (2014), and oil tanks (approx. 2016); First‑floor unit features 2 bedrooms, kitchen flowing into living room, and sliding doors to a private deck
