Corner-Lot
New
For Sale
$600,000
39 Cady St, Billerica, MA 01821
Separate entrances and driveways serve both units, each with a laundry hookup.
Property Size2,072 SF
Lot Size0.34 Acres
Price / SF$289.58
Days on Market3
Property Features for 39 Cady St
General Information
Standard status
Active
Size
2,072 SF
Total Parking Spaces
5
Lot size
0.34 Acres
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
deferred maintenance
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Barrett Sotheby's International Realty
(978) 692-6141
Listed By:
The Edwards Realty Team
(978) 804-3523
Source:
Lockandkeyre
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 1:33PM
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 Barrett Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1910, this 2,072-square-foot duplex contains two distinct residences. The upper unit spans two levels and includes a living room, eat-in kitchen, full bath, first-floor laundry hookup, enclosed sunporch, and 2+ bedrooms. The first-floor unit offers two bedrooms, an eat-in kitchen, family room, full bath, and laundry hookup. Deferred maintenance is present, and the property is not expected to qualify for conventional financing.
The building sits on a corner parcel measuring approximately 15,002 square feet, or 0.34 acres. The yard is mostly level and open, with mature shade trees and a picket fence. Each residence has a separate entrance and driveway; the first unit has three off-street spaces, while the second has a separate two-car driveway. Town water and sewer serve the property.
The building sits on a corner parcel measuring approximately 15,002 square feet, or 0.34 acres. The yard is mostly level and open, with mature shade trees and a picket fence. Each residence has a separate entrance and driveway; the first unit has three off-street spaces, while the second has a separate two-car driveway. Town water and sewer serve the property.
Key Highlights
- Two‑family property with 2,072 square feet of building area
- Approximately 15,002 sq ft (0.34 acres) on a corner lot
- Unit 1: two‑level layout with 2+ bedrooms and an enclosed sunporch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,844
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,880
$876.9K
Cap Rate 7%
$626,343
$626.3K
Cap Rate 9%
$487,156
$487.2K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$65.9K $31.80/SF
− Vacancy
−$3.3K −$1.57/SF
EGI
$62.6K $30.23/SF
− OpEx
−$18.8K −$9.07/SF
NOI
$43.8K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,880
Cap Rate 7%
$626,343
Cap Rate 9%
$487,156
Alternative Uses
Best Use
Multifamily LT 5
$626.3K
$548.1K – $730.7K
NOI $43,844 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$588.9K
$515.3K – $687.1K
NOI $41,226 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,863 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
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Business Placement
Demographics for 01821, MA
30,909
Population
11,666
Households
2.6
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
16.6 sq mi
ZIP Area
1,862
Density / Sq Mi
$142,564
Median Household Income
$65,056
Median Earnings
$2,211
Median Rent
$581,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and driveways serve both units, each with a laundry hookup.
Where is this duplex located?
The property is located at 39 Cady St Billerica, MA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑family property with 2,072 square feet of building area; Approximately 15,002 sq ft (0.34 acres) on a corner lot; Unit 1: two‑level layout with 2+ bedrooms and an enclosed sunporch
