Historic Duplex with
New
For Sale
$980,000
127 North Rd, Chelmsford, MA 01824
Two-family residence with separate living arrangements, garage space, and convenient access to Chelmsford amenities and highways.
Property Size3,669 SF
Price / SF$267.10
Days on Market5
Property Features for 127 North Rd
General Information
Standard status
Active
Size
3,669 SF
Property subtype
Multi-Unit
Additional Details
Multifamily Units
2
Amenities
Lot Size Acres: 0.54
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
5 Bedrooms
Residential Style: Other, Built in 1890
Property Township: Chelmsford
Above Area Square Feet: 3669
3 Full Baths, One Half Bath
Building Details
Year Built
1890
Buildings
1
Listing Agency:
BHHS Verani Realty
(978) 687-8484
Listed By:
Tony Ducharme
(978) 687-8484
Source:
Doyle-realty
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 1:38PM
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 BHHS Verani Realty
Investment Insights
Based on property information with market context.
Built in 1890, this duplex offers two distinct residential configurations within a character-rich home. The first-floor and basement living area includes 10 rooms, 3 bedrooms, and 2.5 baths, while the second-floor residence provides 4 rooms, 2 bedrooms, and 1 bath. The property also includes a one-car garage and an additional storage garage beneath the home.
Located in Chelmsford, the property provides access to area amenities and nearby highways. The home is within the Chelmsford School District, including Center Elementary School, McCarthy Middle School, and Chelmsford High School.
The two-unit arrangement supports a range of ownership and occupancy structures, including the configurations described in the property information.
Located in Chelmsford, the property provides access to area amenities and nearby highways. The home is within the Chelmsford School District, including Center Elementary School, McCarthy Middle School, and Chelmsford High School.
The two-unit arrangement supports a range of ownership and occupancy structures, including the configurations described in the property information.
Key Highlights
- 1890‑built duplex with two separate residential configurations
- First‑floor and basement residence includes 10 rooms, 3 bedrooms, and 2.5 baths
- Second‑floor residence offers 4 rooms, 2 bedrooms, and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,552,740
$1.6M
Cap Rate 7%
$1,109,100
$1.1M
Cap Rate 9%
$862,633
$862.6K
Market Conditions
NOI Build-Up for 3,669 SF
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.
Gross rent
$116.7K $31.80/SF
− Vacancy
−$5.8K −$1.57/SF
EGI
$110.9K $30.23/SF
− OpEx
−$33.3K −$9.07/SF
NOI
$77.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,552,740
Cap Rate 7%
$1,109,100
Cap Rate 9%
$862,633
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$970.5K – $1.29M
NOI $77,637 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$1.04M
$912.5K – $1.22M
NOI $73,001 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,042 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 01824, MA
26,881
Population
10,301
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
1,485
Density / Sq Mi
$141,337
Median Household Income
$75,753
Median Earnings
$2,076
Median Rent
$590,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate living arrangements, garage space, and convenient access to Chelmsford amenities and highways.
Where is this duplex located?
The property is located at 127 North Rd Chelmsford, MA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 1890‑built duplex with two separate residential configurations; First‑floor and basement residence includes 10 rooms, 3 bedrooms, and 2.5 baths; Second‑floor residence offers 4 rooms, 2 bedrooms, and 1 bath
