Two-Family Corner Lot
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 Market101
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
(978) 772-4101
Listed by
Pat Bagni Latimer · License #9536779
(978) 772-4101
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.
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
- 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 | $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
NOI $45,706 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$614.0K
$537.2K – $716.3K
NOI $42,977 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
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
Similar For Sale Nearby
FAQs
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
