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    38-40 Talbot Ave Billerica, MA 01862

    For Sale
    $899,000

    Three-family property in Billerica with strong rental income.

    Lot size:
    0.31 Acres

    Property Features for 38-40 Talbot Ave

    General Information

    Lot size
    0.31 Acres

    Building Details

    Year built
    1900

    Source: Douglas Elliman Real Estate - The Sarkis Team Agent Mackenzie Cormier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Tenanted Three-Family Property

    This is a fully tenanted three-family property located in Billerica. The property is situated in a convenient location, with proximity to the MBTA Commuter Rail, major routes, and local amenities. The property generates a strong annual rental income of $81,600. Unit 38A features 2 bedrooms and an updated bath with an efficient layout. Unit 38B includes 2 bedrooms, 1 bath, and a finished third-floor walk-up attic that is currently used as a bedroom. Unit 40A, the largest of the three, features 3 bedrooms and a walk-up attic with potential to be finished. The current rents are $2,000, $2,100, and $2,700. The tenant arrangements are at will, offering flexibility for investors or future owner-occupants.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billerica
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2866607
    Latitude
    42.587609

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    FAQs

    What type of property is this?
    Triplex - Three-family property in Billerica with strong rental income.
    Where is this triplex located?
    The property is located at 38-40 Talbot Ave Billerica, MA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Strong annual rental income of $81,600.; - Fully tenanted three-family property.; - Convenient Billerica location near MBTA Commuter Rail, major routes, and local amenities.
    (978) 837-2780
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    38-40 Talbot Ave Billerica, MA 01862
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38-40 Talbot Ave Billerica, MA 01862
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