Updated Triplex With Off-Street
New
For Sale
$930,000
179 Chestnut Street, Marlborough, MA 01752
MULTI_FAMILY - Marlborough, MA
Property Size3,339 SF
Lot Size0.13 Acres
Price / SF$278.53
Days on Market2
Property Features for 179 Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA-2
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 3
Parking
6
Directions
Route 85 to Chestnut Street
Standard status
Active
APN
613849
Size
3,339 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6532
Building Details
Year built
1925
Floors in Building
4
Number of units
3
Listing Agency:
REMAX Executive Realty · RE/MAX International
(508) 435-6700
Listed By:
Bill Wright · License #5503
(508) 435-6700
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 4:06AM
MLS# 73563635
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit residential property provides a varied configuration across its 3,339-square-foot building. The first-floor residence includes three bedrooms, one full bathroom, and finished recreation space in the basement. The second-floor unit also has three bedrooms, while the third-floor residence includes one bedroom, an office, and an open living and dining area. Granite countertops and updated bathrooms are present in all three units. Vinyl siding adds a lower-maintenance exterior, and the property includes six off-street parking spaces.
Built in 1925, the property is zoned RA-2 and occupies 0.1299 acres. Its Marlborough setting offers highway access and proximity to shopping. The layout supports a range of residential ownership and occupancy arrangements, including an owner-occupied structure, an investment property, or a multigenerational residence.
Built in 1925, the property is zoned RA-2 and occupies 0.1299 acres. Its Marlborough setting offers highway access and proximity to shopping. The layout supports a range of residential ownership and occupancy arrangements, including an owner-occupied structure, an investment property, or a multigenerational residence.
Key Highlights
- Three‑unit property with 3,339 square feet of building area
- Unit mix includes two three‑bedroom residences and a third‑floor one‑bedroom unit with office
- 0.1299‑acre lot zoned RA‑2
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, updated bathrooms, granite countertops, and convenient off-street parking.
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‑unit property with 3,339 square feet of building area; Unit mix includes two three‑bedroom residences and a third‑floor one‑bedroom unit with office; 0.1299‑acre lot zoned RA‑2
