Duplex with Detached
For Sale
$725,000
32 N Main Street, Middleton, MA 01949
Two units offer distinct bedroom and bath configurations, with shared laundry serving the first-floor residence.
Property Size2,793 SF
Price / SF$259.58
Days on Market8
Property Features for 32 N Main Street
General Information
Standard status
Active
Size
2,793 SF
Total Parking Spaces
1
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
detached garage
laundry area
fenced yard
landscaping
Building Details
Year Built
1850
Buildings
1
Stories
3
Listing Agency:
J. Barrett & Company
Listed By:
Sheila MacDonald
(617) 240-1225
Source:
Jbarrettrealty
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 4 at 9:53AM
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 J. Barrett & Company
Investment Insights
Based on property information with market context.
This 2,793-square-foot duplex contains two residences with different layouts. One has 2 bedrooms and 2 bathrooms, along with access to a shared laundry area. The other spans the second and third floors and includes 3 bedrooms and 1 bathroom. The property dates to 1850 and is being sold as is.
A detached garage provides parking for 1 car and includes additional flexible space. Sliding doors connect the garage area to a fenced yard with landscaping. The property has direct access to Route 114 and is located in Middleton.
A detached garage provides parking for 1 car and includes additional flexible space. Sliding doors connect the garage area to a fenced yard with landscaping. The property has direct access to Route 114 and is located in Middleton.
Key Highlights
- Two residences: one with 2 bedrooms and 2 bathrooms; the other with 3 bedrooms and 1 bathroom
- 2,793 square feet; built in 1850
- Detached garage with parking for 1 car and flexible additional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,051
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,020
$941.0K
Cap Rate 7%
$672,157
$672.2K
Cap Rate 9%
$522,789
$522.8K
Market Conditions
NOI Build-Up for 2,793 SF
Gross rent
$70.4K $25.20/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$67.2K $24.07/SF
− OpEx
−$20.2K −$7.22/SF
NOI
$47.1K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,020
Cap Rate 7%
$672,157
Cap Rate 9%
$522,789
Alternative Uses
Best Use
Multifamily LT 5
$672.2K
$588.1K – $784.2K
NOI $47,051 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.9K
NOI $42,471 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,741 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
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Business Placement
Demographics for 01949, MA
9,779
Population
3,450
Households
2.8
Avg Household Size
44
Median Age
42%
College-Educated
91%
High-School Grad
13.4 sq mi
ZIP Area
730
Density / Sq Mi
$171,458
Median Household Income
$66,028
Median Earnings
$1,621
Median Rent
$713,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two units offer distinct bedroom and bath configurations, with shared laundry serving the first-floor residence.
Where is this duplex located?
The property is located at 32 N Main Street Middleton, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two residences: one with 2 bedrooms and 2 bathrooms; the other with 3 bedrooms and 1 bathroom; 2,793 square feet; built in 1850; Detached garage with parking for 1 car and flexible additional space
