Historic Duplex with
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 Market51
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
Listed By:
Tony Ducharme
(978) 687-8484
Source:
Doyle-realty
Added: Aug 27
Changed: Oct 15
Last Checked: Oct 15 at 12:50AM
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
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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 / Yr
$77,637
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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
