Upgraded Two-Family Home

11 Preston Street, Millville, MA 01529

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For Sale

$399,900

Owner-occupied two-family home with upgrades and rental potential.

Type:Multi Family Home

Property size:

2,098 SF

Price / SF:

$190/SF

HighLights

Owner‑occupied two‑family home in excellent condition with many upgrades.
Potential to expand the second unit or create a separate apartment on the walk‑up third floor.
Each unit offers over 1,000 sq ft of living space.
Major updates: roof (2018), siding (2017), well (2017), septic (2014), and oil tanks (approx. 2016).
Two separate driveways provide parking for up to five vehicles.
First‑floor unit features a private deck.

We can help!

Listing Contact

Patricia A. Tinnell

Learn more

For Sale

$399,900

Owner-occupied two-family home with upgrades and rental potential.

Type:Multi Family Home

Property size:

2,098 SF

Price / SF:

$190/SF

Added:: Apr 23, 2026
Days on Market:: 53
Last Refresh:: Apr 23 at 7:31 am

Property Features for 11 Preston Street

General Information

Standard status: Active
Size: 2,098 SF
Property subtype: Multi Family Home

Building Details

Year Built: 1920

We can help!

Listing Contact

Patricia A. Tinnell

Listing agent Patricia A. Tinnell License #449529282

Listing office Keller Williams Elite

Listing date Apr 23, 2026

Source Alliancepartnersre

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 Keller Williams Elite

HighLights

Owner‑occupied two‑family home in excellent condition with many upgrades.
Potential to expand the second unit or create a separate apartment on the walk‑up third floor.
Each unit offers over 1,000 sq ft of living space.
Major updates: roof (2018), siding (2017), well (2017), septic (2014), and oil tanks (approx. 2016).
Two separate driveways provide parking for up to five vehicles.
First‑floor unit features a private deck.

Overview

This is an owner-occupied two-family home featuring upgrades and over 1,000 sq ft of living space in each unit. The first floor unit includes two bedrooms, a kitchen that flows into the living room, and sliding doors to a private deck. The second-floor unit, which has been recently remodeled, also offers two bedrooms, including one with a walk-in closet, a kitchen, a living room with pocket doors, and a porch. The property includes a walk-up third floor, offering the potential to expand the second unit or create a separate apartment. Updates to the property include a roof installed in 2018, siding installed in 2017, a well installed in 2017, a septic system installed in 2014, and oil tanks installed around 2016. Two separate driveways provide parking for up to five vehicles. This property presents an opportunity for owner-occupants or investors with rental value.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $28,360 @ 7.0% cap · market cap 7.09%

Second Best

Apartment 5plus

$352.6K

$308.5K – $411.4K (±1% cap)

NOI $24,681 @ 7.0% cap · market cap 6.17%

Theoretical Best

Office A

$716.4K

$626.9K – $835.9K (±1% cap)

NOI $50,151 @ 7.0% cap · market cap 12.54%

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

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Millville
County: Worcester
State: Massachusetts
Longitude: -71.5783
Latitude: 42.0195

For sale
Duplexes
MA
Millville
01529
11 Preston Street

What type of property is this?

Duplex - Owner-occupied two-family home with upgrades and rental 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 in excellent condition with many upgrades.; Potential to expand the second unit or create a separate apartment on the walk‑up third floor.; Each unit offers over 1,000 sq ft of living space.