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Two-Family Corner Lot Home

30 Chapel Street Shirley, MA 01464

30 Chapel Street, Shirley, MA, 01464

$625,000

For Sale

$625,000

Two spacious units on a corner lot, with a vacant first-floor residence and a second-floor unit with two bedrooms.

Property Size2,160 SF

Price / SF$289.35

Days on Market100

Property Features for 30 Chapel Street

General Information

Standard status: Active
Size: 2,160 SF
Property subtype: Multi-family / 2 Family

Building Details

Year Built: 1900

Listing agency MA Real Estate Center

Listed by Pat Bagni Latimer · License #9536779

Source Compass

Added: Apr 13 Updated: Jul 21 at 2:57AM Checked: Jul 21 at 2:57AM

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 MA Real Estate Center

Investment Insights

Based on property information with market context.

This two-family property is located on a corner lot and includes two separate residential units. The first-floor unit features a large kitchen, dining area, two bedrooms, one bathroom, and a living room, and it is currently vacant. The second-floor unit includes a kitchen, living room, two bedrooms, and a bathroom.

The home is described as being within short distance of the commuter rail stop on the Boston–Fitchburg line, as well as the library, post office, coffee shop, eateries, and the village common. It also provides easy access to commuter routes in multiple directions.

Photos are noted as depicting the first-floor unit that is currently vacant, supporting the immediate ability to review the primary layout and finishes for prospective tenants or owner-occupants.

Key Highlights

2‑family home with two units (first‑floor unit has 2 bedrooms and 1 bathroom; second‑floor unit has 2 bedrooms and 1 bathroom)
Corner lot with a porch and exterior frame construction
Full unfinished basement

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$68.7k	$31.80
− Vacancy	−$3.4k	−$1.57
EGI	$65.3k	$30.23
− OpEx	−$19.6k	−$9.07
NOI	$45.7k	$21.16

2,160 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$652.9K

$571.3K – $761.8K (±1% cap)

NOI $45,706 @ 7.0% cap · market cap 7.31%

Second Best

Apartment 5plus

$614.0K

$537.2K – $716.3K (±1% cap)

NOI $42,977 @ 7.0% cap · market cap 6.88%

Theoretical Best

Office A

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,510 @ 7.0% cap · market cap 14.32%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

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For sale
Duplexes
MA
Shirley
01464
30 Chapel Street

What type of property is this?

Duplex - Two spacious units on a corner lot, with a vacant first-floor residence and a second-floor unit with two bedrooms.

Where is this duplex located?

The property is located at 30 Chapel Street Shirley, MA.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 2‑family home with two units (first‑floor unit has 2 bedrooms and 1 bathroom; second‑floor unit has 2 bedrooms and 1 bathroom); Corner lot with a porch and exterior frame construction; Full unfinished basement