Duplex with Separate
139-141 Middlesex Street, Chelmsford, MA 01863
For Sale
$799,000
Two residential units offer distinct living areas, kitchens, and dedicated utility service.
Property Size2,318 SF
Price / SF$344.69
Days on Market49
Property Features for 139-141 Middlesex Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Buildings
Stories
Listing Agency:
Doherty Properties
Listed By:
Christian Doherty · License MA #456015020
(978) 857-9580
Source:
Jmulkerinrealty
Added: Sep 23
Changed: Nov 8
Last Checked: Nov 8 at 6:41AM
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 Doherty Properties
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Investment Insights
Based on property information with market context.
This 2,318-square-foot duplex, built in 1925, contains two residential units with living and dining areas. The upper unit has three bedrooms and a kitchen with granite countertops, tile backsplash, and stainless steel appliances. The lower unit includes bedroom carpeting, the same kitchen finishes and appliances, and ductless mini-split heating and cooling. Separate utilities serve the units. A full basement has both interior and exterior access; a dedicated washer and dryer for the upper unit are located there. The property also includes a porch and outdoor space.
Nearby destinations and amenities include Varney Playground, Freeman Lake, shopping, public transportation, highway access, and walking and biking trails.
Nearby destinations and amenities include Varney Playground, Freeman Lake, shopping, public transportation, highway access, and walking and biking trails.
Key Highlights
- 2,318‑square‑foot duplex built in 1925
- Two units with separate utilities
- Upper unit has three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,050
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,000
$981.0K
Cap Rate 7%
$700,714
$700.7K
Cap Rate 9%
$545,000
$545.0K
Market Conditions
NOI Build-Up for 2,318 SF
Gross rent
$73.7K $31.80/SF
− Vacancy
−$3.6K −$1.57/SF
EGI
$70.1K $30.23/SF
− OpEx
−$21.0K −$9.07/SF
NOI
$49.0K $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%
$981,000
Cap Rate 7%
$700,714
Cap Rate 9%
$545,000
Alternative Uses
Best Use
Multifamily LT 5
$700.7K
$613.1K – $817.5K
NOI $49,050 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$658.9K
$576.5K – $768.7K
NOI $46,120 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,057 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
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Business Placement
Demographics for 01863, MA
9,536
Population
3,677
Households
2.6
Avg Household Size
44
Median Age
49%
College-Educated
97%
High-School Grad
4.5 sq mi
ZIP Area
2,119
Density / Sq Mi
$136,284
Median Household Income
$67,005
Median Earnings
$1,698
Median Rent
$477,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct living areas, kitchens, and dedicated utility service.
Where is this duplex located?
The property is located at 139-141 Middlesex Street Chelmsford, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,318‑square‑foot duplex built in 1925; Two units with separate utilities; Upper unit has three bedrooms
