Updated Two-Family
3 Chestnut Street Dudley, MA 01571
3 Chestnut Street, Dudley, MA, 01571
$525,000
For Sale
$525,000
Freshly painted units feature new vinyl plank flooring, updated kitchens, refreshed bathrooms, and mini-split HVAC systems.
Property Size2,664 SF
Price / SF$197.07
Days on Market76
Property Features for 3 Chestnut Street
General Information
- Standard status
- Active
- Size
- 2,664 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1930
Listing agency
Lamacchia Realty, Inc.
(508) 832-5324
Listed by
The Balestracci Group
Source
Hometown-team
Added: May 8 Updated: Jul 22 at 1:25AM Checked: Jul 22 at 1:25AM
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 updated two-family residence is offered for sale with both units vacant, providing flexibility for immediate occupancy or rental use. Interior updates include freshly painted walls and new vinyl plank flooring in both units.
The kitchens have been updated with attractive cabinetry and functional layouts, and the bathrooms were refreshed with tiled floors and additional tasteful improvements. Each unit is also equipped with an efficient mini-split heating and cooling system for year-round comfort.
The property is configured as a duplex and presents as move-in ready based on the recent interior updates throughout both units.
The kitchens have been updated with attractive cabinetry and functional layouts, and the bathrooms were refreshed with tiled floors and additional tasteful improvements. Each unit is also equipped with an efficient mini-split heating and cooling system for year-round comfort.
The property is configured as a duplex and presents as move-in ready based on the recent interior updates throughout both units.
Key Highlights
- Updated 2‑family property built in 1930 with both units freshly painted and move‑in ready
- New vinyl plank flooring throughout both units
- Updated kitchens with attractive cabinetry and functional layouts
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 | $52.7k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $51.4k | $19.31 |
| − OpEx | −$15.4k | −$5.79 |
| NOI | $36.0k | $13.52 |
2,664 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$514.4K
$450.1K – $600.2K
NOI $36,011 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$447.7K
$391.7K – $522.3K
NOI $31,339 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$909.7K
$796.0K – $1.06M
NOI $63,680 @ 7.0% cap · market cap 12.13%
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 - Freshly painted units feature new vinyl plank flooring, updated kitchens, refreshed bathrooms, and mini-split HVAC systems.
Where is this duplex located?
The property is located at 3 Chestnut Street Dudley, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Updated 2‑family property built in 1930 with both units freshly painted and move‑in ready; New vinyl plank flooring throughout both units; Updated kitchens with attractive cabinetry and functional layouts
