Two-Family Home with
New
For Sale
$899,900
271 Cordaville Road, Southborough, MA 01772
Two separate residences offer private entrances, individual utilities, outdoor areas, and dedicated parking.
Property Size2,710 SF
Price / SF$332.07
Days on Market6
Property Features for 271 Cordaville Road
General Information
Standard status
Active
Size
2,710 SF
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
in-unit laundry
updated kitchens and bathrooms
separate entrances and utilities
private outdoor space
dedicated parking
2-car garage
Building Details
Building Size
2,710 SF
Year Built
1850
Year Renovated
2017
Buildings
1
Tenancy
Multi
Listing Agency:
Lamacchia Realty, Inc.
(508) 290-0303
Listed By:
Mary G. Wood
(508) 958-0225
Source:
Iverty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 7:04PM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This 2,710-square-foot duplex was rebuilt from the studs in 2017. Each residence has two bedrooms, in-unit laundry, an updated kitchen and bathroom, a separate entrance, individual utilities, private outdoor space, and dedicated parking. One unit includes a sunroom; the other occupies two levels and has finished bonus space on the third floor. A two-car garage adds parking and storage. The property was originally built in 1850.
The home is minutes from the Southborough commuter rail station, with access to Route 9 and I-495. Hopkinton State Park is also nearby.
The home is minutes from the Southborough commuter rail station, with access to Route 9 and I-495. Hopkinton State Park is also nearby.
Key Highlights
- 2,710‑square‑foot duplex rebuilt from the studs in 2017
- Two units, each with 2 bedrooms, in‑unit laundry, and updated kitchen and bathroom
- Separate entrances and utilities, private outdoor areas, and dedicated parking for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,633
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,660
$732.7K
Cap Rate 7%
$523,329
$523.3K
Cap Rate 9%
$407,033
$407.0K
Market Conditions
NOI Build-Up for 2,710 SF
Gross rent
$53.7K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$52.3K $19.31/SF
− OpEx
−$15.7K −$5.79/SF
NOI
$36.6K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,660
Cap Rate 7%
$523,329
Cap Rate 9%
$407,033
Alternative Uses
Best Use
Multifamily LT 5
$523.3K
$457.9K – $610.6K
NOI $36,633 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$455.4K
$398.5K – $531.3K
NOI $31,880 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$925.4K
$809.8K – $1.08M
NOI $64,780 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 01772, MA
10,017
Population
3,571
Households
2.8
Avg Household Size
43
Median Age
75%
College-Educated
98%
High-School Grad
13.6 sq mi
ZIP Area
737
Density / Sq Mi
$196,680
Median Household Income
$97,457
Median Earnings
$2,425
Median Rent
$816,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private entrances, individual utilities, outdoor areas, and dedicated parking.
Where is this duplex located?
The property is located at 271 Cordaville Road Southborough, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2,710‑square‑foot duplex rebuilt from the studs in 2017; Two units, each with 2 bedrooms, in‑unit laundry, and updated kitchen and bathroom; Separate entrances and utilities, private outdoor areas, and dedicated parking for both units
