Residential Income
For Sale
$930,000
Pending
179 Chestnut Street, Marlborough, MA 01752
RA-2 zoning and paved off-street parking complement this 1925-built property.
Property Size3,339 SF
Days on Market60
Property Features for 179 Chestnut Street
General Information
Standard status
Pending
Size
3,339 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RA-2
Net Operating Income
$14,400
Taxes and HOA fees
Annual Taxes
$6,532
Amenities
Electric
Full, Partially Finished, Interior Entry, Sump Pump, Concrete
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Range Hood, Electric Water Heater
Storage, Pantry, Open Floorplan
Paved, Off Street
Rain Gutters
Building Details
Building Size
3,339 SF
Year Built
1925
Stories
4
Listing Agency:
REMAX Executive Realty
Listed By:
Katie McBride · License #138831
(508) 277-9600
Source:
Evrealestate
Added: Aug 14
Changed: Oct 4
Last Checked: Oct 11 at 6:37AM
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.
At 179 Chestnut Street in Marlborough, this residential income property contains 3,339 square feet and was built in 1925. Interior features include an open floorplan, pantry and storage, along with a full, partially finished basement with interior entry, concrete construction and a sump pump. The listed appliances include a range, dishwasher, disposal, microwave, refrigerator, washer, dryer, range hood and electric water heater.
The property has paved off-street parking and rain gutters. It is zoned RA-2.
The property has paved off-street parking and rain gutters. It is zoned RA-2.
Key Highlights
- 3,339 square feet; built in 1925
- RA‑2 zoning
- Full, partially finished basement with interior entry, concrete construction and sump pump
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,435
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,700
$1.3M
Cap Rate 7%
$949,071
$949.1K
Cap Rate 9%
$738,167
$738.2K
Market Conditions
NOI Build-Up for 3,339 SF
Gross rent
$127.4K $38.16/SF
− Vacancy
−$6.6K −$1.98/SF
EGI
$120.8K $36.18/SF
− OpEx
−$54.4K −$16.28/SF
NOI
$66.4K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,700
Cap Rate 7%
$949,071
Cap Rate 9%
$738,167
Alternative Uses
Best Use
Apartment 5plus
$949.1K
$830.4K – $1.11M
NOI $66,435 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
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
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - RA-2 zoning and paved off-street parking complement this 1925-built property.
Where is this residential income property 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: 3,339 square feet; built in 1925; RA‑2 zoning; Full, partially finished basement with interior entry, concrete construction and sump pump
