Two-Family Corner Lot
30 Chapel Street Shirley, MA 01464
For Sale
$599,000
Two separate units on a corner lot, with ample yard space and a large first-floor layout.
Property Size2,160 SF
Price / SF$277.31
Days on Market135
Property Features for 30 Chapel Street
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
MA Real Estate Center
Listed By:
Pat Bagni Latimer
(508) 287-2695
Source:
Demakis
Added: Mar 13
Changed: Jul 24
Last Checked: Jul 24 at 11:23PM
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 residence is situated on a corner lot and includes two separate living units. The first-floor unit features a large kitchen, dining area, two bedrooms, one bathroom, and a living room. The second-floor unit includes a kitchen, living room, two bedrooms, and a bathroom. Photos reflect the first-floor unit, which is currently vacant.
The property 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. Easy access to commuter rail and Route 2 is noted.
The home also offers yard area for seasonal enjoyment and gardening.
The property 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. Easy access to commuter rail and Route 2 is noted.
The home also offers yard area for seasonal enjoyment and gardening.
Key Highlights
- 2‑family multi‑family home built in 1900 with two separate units on a corner lot
- First‑floor unit includes a large layout with kitchen, dining area, living room, 2 bedrooms, and 1 bathroom (currently vacant)
- Second‑floor unit includes a kitchen, living room, 2 bedrooms, and 1 bathroom
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 7.63%
Second Best
Apartment 5plus
$614.0K
$537.2K – $716.3K
NOI $42,977 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,510 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate units on a corner lot, with ample yard space and a large first-floor layout.
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 $599,000.
What are key features of this property?
This property features: 2‑family multi‑family home built in 1900 with two separate units on a corner lot; First‑floor unit includes a large layout with kitchen, dining area, living room, 2 bedrooms, and 1 bathroom (currently vacant); Second‑floor unit includes a kitchen, living room, 2 bedrooms, and 1 bathroom
