Two-Unit Residential Income
21 Miller Street Blackstone, MA 01504
21 Miller Street, Blackstone, MA, 01504
$650,000
For Sale
$650,000
Two separate units each offer two bedrooms and one full bath, with separate utilities and ample off-street parking.
Property Size2,422 SF
Price / SF$268.37
Days on Market65
Property Features for 21 Miller Street
General Information
- Standard status
- Active
- Size
- 2,422 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Real Broker MA,LLC
Listed by
The Mazraani Team
(413) 584-2900
Source
Mapleandmainrealty
Added: May 19 Updated: Jul 20 at 6:11PM Checked: Jul 21 at 9:16AM
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 Real Broker MA,LLC
Investment Insights
Based on property information with market context.
This two-family residential income property features two separate units, each with two bedrooms and one full bath, supported by separate utilities for each unit. The first-floor unit includes a kitchen, a generous living room, a bright sunroom, and two sizable bedrooms. The second-floor unit includes a kitchen, a large living room, and two bedrooms. The basement also includes a finished bonus room.
Set on a corner lot, the property provides ample off-street parking for residents and guests. A rare six-car garage supports vehicle storage, along with a finished shed/room outside.
Both units are positioned to accommodate owner-occupancy or investment use, with room layouts that include living space and multiple bedrooms per floor.
Set on a corner lot, the property provides ample off-street parking for residents and guests. A rare six-car garage supports vehicle storage, along with a finished shed/room outside.
Both units are positioned to accommodate owner-occupancy or investment use, with room layouts that include living space and multiple bedrooms per floor.
Key Highlights
- Two‑family home built in 1920 with two separate units
- Each unit offers 2 bedrooms and 1 full bath
- Separate utilities for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $19.80 |
| − Vacancy | −$1.2k | −$0.49 |
| EGI | $46.8k | $19.31 |
| − OpEx | −$14.0k | −$5.79 |
| NOI | $32.7k | $13.52 |
2,422 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.7K
$409.3K – $545.7K
NOI $32,740 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$407.0K
$356.2K – $474.9K
NOI $28,492 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$827.1K
$723.7K – $964.9K
NOI $57,895 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units each offer two bedrooms and one full bath, with separate utilities and ample off-street parking.
Where is this duplex located?
The property is located at 21 Miller Street Blackstone, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑family home built in 1920 with two separate units; Each unit offers 2 bedrooms and 1 full bath; Separate utilities for each unit
