Two-Family Duplex with
For Sale
$739,900
17-19 Chestnut Street, Marlborough, MA 01752
Two separately serviced residences include porches, fenced outdoor space, and dedicated off-street parking.
Property Size2,472 SF
Price / SF$299.31
Days on Market149
Property Features for 17-19 Chestnut Street
General Information
Standard status
Active
Size
2,472 SF
Total Parking Spaces
4
Property subtype
Multi-family / 2 Family - 2 Units Up/Down
Zoning
res
Net Operating Income
$21,600
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,666
Amenities
No
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
2.0
Interior Access, Sump Pump
Window AC
2
2.00
Fenced
Frame
Shingle
Garden, Fenced Yard, Garden Area, Porch
Porch
Building Details
Year Built
1870
Buildings
1
Listing Agency:
Zaharias Real Estate, LLC
(603) 880-3059
Listed By:
Nicholas Andre · License #9573066
(603) 880-3059
Source:
Compass
Added: Apr 5
Changed: Aug 31
Last Checked: Aug 30 at 10:59PM
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 Zaharias Real Estate, LLC
Investment Insights
Based on property information with market context.
This two-family duplex in Marlborough, Massachusetts, contains 2,472 square feet and was built in 1870. Each residence offers three bedrooms, with separate utilities serving the units. Interior features include ranges, dishwashers, disposals, microwaves, refrigerators, freezers, washers, and dryers, along with window AC and a sump pump. Both units also include interior access.
The property provides four off-street parking spaces and includes porches, a fenced yard, and garden areas. Residential zoning supports the existing multifamily configuration. One unit is owner occupied, while the other is rented, providing flexibility for an owner-occupant or continued rental operation.
The property provides four off-street parking spaces and includes porches, a fenced yard, and garden areas. Residential zoning supports the existing multifamily configuration. One unit is owner occupied, while the other is rented, providing flexibility for an owner-occupant or continued rental operation.
Key Highlights
- Two‑family property with 2,472 SF of building area
- Both units offer three bedrooms
- Separate utilities serve the two residences
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
$52,308
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
7.07%
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%
$1,046,160
$1.0M
Cap Rate 7%
$747,257
$747.3K
Cap Rate 9%
$581,200
$581.2K
Market Conditions
NOI Build-Up for 2,472 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
$78.6K $31.80/SF
− Vacancy
−$3.9K −$1.57/SF
EGI
$74.7K $30.23/SF
− OpEx
−$22.4K −$9.07/SF
NOI
$52.3K $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%
$1,046,160
Cap Rate 7%
$747,257
Cap Rate 9%
$581,200
Alternative Uses
Best Use
Multifamily LT 5
$747.3K
$653.9K – $871.8K
NOI $52,308 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$702.6K
$614.8K – $819.7K
NOI $49,184 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,439 @ 7.0% cap · market cap 13.84%
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
1,148
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately serviced residences include porches, fenced outdoor space, and dedicated off-street parking.
Where is this duplex located?
The property is located at 17-19 Chestnut Street Marlborough, MA.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Two‑family property with 2,472 SF of building area; Both units offer three bedrooms; Separate utilities serve the two residences
