Fenced Two-Unit
New
For Sale
$589,900
24 Granite St, Milford, MA 01757
Well-maintained duplex with separate driveways, fenced outdoor space, and updated kitchens across two distinct residential units.
Days on Market3
Property Features for 24 Granite St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Highway Access
Yes
Building Details
Building Size
1,877 SF
Year Built
1880
Buildings
1
Tenancy
Multi
Listing Agency:
(508) 250-1936
Listed By:
Soraia Aguiar Campos
(508) 250-1936
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 3:11PM
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 Soraia Aguiar Campos
Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1880, sits on a fenced corner lot and includes two separate residential units. The first-floor unit has 2 bedrooms, 1 full bath, and a kitchen with granite countertops. The second unit offers 3 bedrooms, 2 full baths, and a living room, along with a kitchen equipped with stainless steel appliances, quartz countertops, an island, dishwasher, and electric range. The second unit also features hardwood flooring and recent paint.
The property includes a private fenced backyard, two separated driveways, and additional off-street parking. It is close to downtown, shopping, restaurants, and Charles Trail, with access to Route 495. WalkScore is 27 and BikeScore is 21.
The property includes a private fenced backyard, two separated driveways, and additional off-street parking. It is close to downtown, shopping, restaurants, and Charles Trail, with access to Route 495. WalkScore is 27 and BikeScore is 21.
Key Highlights
- Two‑unit duplex built in 1880
- First‑floor unit includes 2 bedrooms and 1 full bath
- Second unit offers 3 bedrooms and 2 full baths
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 | $37.2k | $19.80 |
| − Vacancy | −$918 | −$0.49 |
| EGI | $36.2k | $19.31 |
| − OpEx | −$10.9k | −$5.79 |
| NOI | $25.4k | $13.52 |
1,877 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.5K
$317.2K – $422.9K
NOI $25,373 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$315.4K
$276.0K – $368.0K
NOI $22,081 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$641.0K
$560.9K – $747.8K
NOI $44,868 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 01757, MA
30,479
Population
11,833
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
2,018
Density / Sq Mi
$92,951
Median Household Income
$47,975
Median Earnings
$1,702
Median Rent
$444,100
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 - Well-maintained duplex with separate driveways, fenced outdoor space, and updated kitchens across two distinct residential units.
Where is this duplex located?
The property is located at 24 Granite St Milford, MA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1880; First‑floor unit includes 2 bedrooms and 1 full bath; Second unit offers 3 bedrooms and 2 full baths
