Two-Unit Duplex with Attached
For Sale
$525,000
123 West Main Street, Marlborough, MA 01752
Separate utilities serve each residence, with off-street parking and a walk-up third floor.
Property Size1,884 SF
Price / SF$278.66
Days on Market17
Property Features for 123 West Main Street
General Information
Standard status
Active
Size
1,884 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
res
Net Operating Income
$37,200
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1.5BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,256
Building Details
Building Size
1,884 SF
Year Built
1920
Stories
2
Listing Agency:
Dora Naves & Associates
Listed By:
Stefanie Ferrecchia
(508) 624-4858
Source:
Insightrealtygroup
Added: Oct 2
Changed: Oct 16
Last Checked: Oct 16 at 5:40AM
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 Dora Naves & Associates
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Investment Insights
Based on property information with market context.
This 1,884-square-foot duplex, built in 1920, contains two separate units. The first-floor residence has a kitchen, living room, one bedroom and 1.5 bathrooms, with gas hot-water baseboard heat and gas hot water. Upstairs, the second unit includes a kitchen, living room, three bedrooms and a full bathroom, along with forced-air gas heat and gas hot water. Each unit has separate utilities, and a walk-up third floor adds additional space. An attached garage and off-street parking are also included. The asphalt-shingle roof and vinyl siding are both less than 10 years old.
The property is on Route 20, with access to major routes and downtown dining, shopping and entertainment. Residential zoning is identified as res.
The property is on Route 20, with access to major routes and downtown dining, shopping and entertainment. Residential zoning is identified as res.
Key Highlights
- Two‑unit duplex with 1,884 square feet
- Separate utilities for each unit
- First‑floor unit has one bedroom and 1.5 bathrooms; second‑floor unit has three bedrooms and one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,866
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,320
$797.3K
Cap Rate 7%
$569,514
$569.5K
Cap Rate 9%
$442,956
$443.0K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$59.9K $31.80/SF
− Vacancy
−$3.0K −$1.57/SF
EGI
$57.0K $30.23/SF
− OpEx
−$17.1K −$9.07/SF
NOI
$39.9K $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 Rate 5%
$797,320
Cap Rate 7%
$569,514
Cap Rate 9%
$442,956
Alternative Uses
Best Use
Multifamily LT 5
$569.5K
$498.3K – $664.4K
NOI $39,866 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$535.5K
$468.6K – $624.8K
NOI $37,485 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.12M
$975.9K – $1.30M
NOI $78,072 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
855
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities serve each residence, with off-street parking and a walk-up third floor.
Where is this duplex located?
The property is located at 123 West Main Street Marlborough, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,884 square feet; Separate utilities for each unit; First‑floor unit has one bedroom and 1.5 bathrooms; second‑floor unit has three bedrooms and one full bathroom
