Three-Unit Multifamily
New
For Sale
$1,075,000
33 E Chestnut Street, Sharon, MA 02067
Three residential units include two three-bedroom apartments and a third-floor studio.
Property Size3,060 SF
Price / SF$351.31
Days on Market3
Property Features for 33 E Chestnut Street
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
William Raveis R.E. & Home Services
Listed By:
Vivian Selenow
(781) 799-0881
Source:
Sarkisboston
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 1:42PM
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 William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
This 3,060-square-foot triplex contains two three-bedroom apartments and a studio on the third floor. Built in 1900, the property offers three separate residential units within a multifamily configuration. The layout supports owner occupancy with additional rental units, as well as use as a three-unit residential investment property.
The property is located at 33 E Chestnut St in Sharon Center, near the commuter rail, Lake Massapoag, schools, playgrounds, houses of worship, and the new Sharon Town Library. Its setting places community amenities and public transportation within the surrounding area.
The property is located at 33 E Chestnut St in Sharon Center, near the commuter rail, Lake Massapoag, schools, playgrounds, houses of worship, and the new Sharon Town Library. Its setting places community amenities and public transportation within the surrounding area.
Key Highlights
- Three‑unit triplex with two 3‑bedroom apartments and one third‑floor studio
- 3,060 square feet of multifamily space
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,815
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,096,300
$1.1M
Cap Rate 7%
$783,071
$783.1K
Cap Rate 9%
$609,056
$609.1K
Market Conditions
NOI Build-Up for 3,060 SF
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.
Gross rent
$82.6K $27.00/SF
− Vacancy
−$4.3K −$1.41/SF
EGI
$78.3K $25.59/SF
− OpEx
−$23.5K −$7.68/SF
NOI
$54.8K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,096,300
Cap Rate 7%
$783,071
Cap Rate 9%
$609,056
Alternative Uses
Best Use
Multifamily LT 5
$783.1K
$685.2K – $913.6K
NOI $54,815 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$722.5K
$632.2K – $842.9K
NOI $50,576 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,806 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 02067, MA
18,553
Population
6,660
Households
2.8
Avg Household Size
43
Median Age
76%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
817
Density / Sq Mi
$183,724
Median Household Income
$84,228
Median Earnings
$2,269
Median Rent
$697,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include two three-bedroom apartments and a third-floor studio.
Where is this triplex located?
The property is located at 33 E Chestnut Street Sharon, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Three‑unit triplex with two 3‑bedroom apartments and one third‑floor studio; 3,060 square feet of multifamily space; Built in 1900
