Three-Unit Property with
For Sale
$930,000
179 Chestnut Street, Marlborough, MA 01752
Granite countertops and updated bathrooms support comfortable residential use.
Property Size3,339 SF
Price / SF$278.53
Days on Market8
Property Features for 179 Chestnut Street
General Information
Standard status
Active
Size
3,339 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RA-2
Net Operating Income
$14,400
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,532
Building Details
Building Size
3,339 SF
Year Built
1925
Buildings
1
Stories
4
Listing Agency:
REMAX Executive Realty
(508) 277-9600
Listed By:
Katie McBride · License #138831
Source:
Insightrealtygroup
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 20 at 4:04AM
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 REMAX Executive Realty
Investment Insights
Based on property information with market context.
This triplex contains 3,339 square feet across three residential units. The first-floor residence includes three bedrooms, one full bathroom, and finished recreation space in the basement. The second-floor unit also provides three bedrooms, while the top-floor apartment has one bedroom, an office, and an open living and dining area. Granite countertops and updated bathrooms are featured throughout the units, with vinyl siding contributing to straightforward exterior maintenance.
Built in 1925, the property includes six off-street parking spaces and is zoned RA-2. The address provides highway access and is near shopping in Marlborough, Massachusetts.
Built in 1925, the property includes six off-street parking spaces and is zoned RA-2. The address provides highway access and is near shopping in Marlborough, Massachusetts.
Key Highlights
- Three residential units totaling 3,339 square feet
- First‑floor unit includes 3 bedrooms, 1 full bath, and finished basement recreation space
- Third‑floor unit offers 1 bedroom, an office, and open living and dining areas
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
$70,654
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
7.60%
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%
$1,413,080
$1.4M
Cap Rate 7%
$1,009,343
$1.0M
Cap Rate 9%
$785,044
$785.0K
Market Conditions
NOI Build-Up for 3,339 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
$106.2K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$100.9K $30.23/SF
− OpEx
−$30.3K −$9.07/SF
NOI
$70.7K $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%
$1,413,080
Cap Rate 7%
$1,009,343
Cap Rate 9%
$785,044
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.2K – $1.18M
NOI $70,654 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$949.1K
$830.4K – $1.11M
NOI $66,435 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,367 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
589
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?
Triplex - Granite countertops and updated bathrooms support comfortable residential use.
Where is this triplex located?
The property is located at 179 Chestnut Street Marlborough, MA.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Three residential units totaling 3,339 square feet; First‑floor unit includes 3 bedrooms, 1 full bath, and finished basement recreation space; Third‑floor unit offers 1 bedroom, an office, and open living and dining areas
