Multifamily Cape-Style
28 Chapel St Shirley, MA 01464
28 Chapel St, Shirley, MA, 01464
$519,900
Pending
For Sale
$519,900
Pending
Well-maintained Cape-style multifamily with a sunroom, private deck, and a separate building that may support in-law use.
Property Size2,385 SF
Lot Size0.29 Acres
Days on Market91
Property Features for 28 Chapel St
General Information
- Standard status
- Pending
- Size
- 2,385 SF
- Lot size
- 0.29 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
LAER Realty Partners
(617) 304-2770
Listed by
Michele Mathieu · License #454501113
Source
Cjbarrett
Added: Apr 24 Updated: Jul 22 at 4:37PM Checked: Jul 22 at 4:37PM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This well-maintained Cape-style multifamily home offers 5 bedrooms and 3 bathrooms. The spacious first floor includes a bright sunroom with access to a private outdoor deck. A separate building on the lot may be used as an in-law apartment. The layout provides flexibility, including the possibility of converting the multifamily back to single-family living with town approval.
The property is located in Shirley, Massachusetts, and is described as being about two minutes from the MBTA commuter rail station, offering convenient access to commuting while maintaining a neighborhood setting.
Set on a 0.29-acre lot, the home is presented as a versatile residence with options for multi-generational living or rental use.
The property is located in Shirley, Massachusetts, and is described as being about two minutes from the MBTA commuter rail station, offering convenient access to commuting while maintaining a neighborhood setting.
Set on a 0.29-acre lot, the home is presented as a versatile residence with options for multi-generational living or rental use.
Key Highlights
- Well‑maintained multifamily Cape built in 1910
- 5 bedrooms and 3 bathrooms on a 0.29‑acre lot
- Sunroom on the first floor with access to a private outdoor deck
Local Financial Insights For Apartment 5plus
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 | $91.0k | $38.16 |
| − Vacancy | −$4.7k | −$1.98 |
| EGI | $86.3k | $36.18 |
| − OpEx | −$38.8k | −$16.28 |
| NOI | $47.5k | $19.90 |
2,385 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$677.9K
$593.2K – $790.9K
NOI $47,453 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,834 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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Interior Design
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FAQs
What type of property is this?
Multifamily property - Well-maintained Cape-style multifamily with a sunroom, private deck, and a separate building that may support in-law use.
Where is this multifamily property located?
The property is located at 28 Chapel St Shirley, MA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Well‑maintained multifamily Cape built in 1910; 5 bedrooms and 3 bathrooms on a 0.29‑acre lot; Sunroom on the first floor with access to a private outdoor deck
