Three-Unit Residential Income
39 Church Street, Mansfield, MA 02048
MULTI_FAMILY - Mansfield, MA
Property size:
2,740 SFLot size:
0.20 AcresPrice / SF:
$280/SF- Added:
- May 7, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 26 at 2:06 am
Property Features for 39 Church Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 6
- Standard status
- Active
- APN
- M:024 B:369,2859584
- Size
- 2,740 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7217
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
Listing office Keller Williams Elite 25 Messenger Street, 2nd Floor, Plainville, MA (508) 695-4545
Listing date May 7, 2026
MLS# 73515045
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three‑family residence with 2,740 sq ft of living space; built in 1900
- First and second floor units each offer 5 rooms with 3 bedrooms and 1 bath (3rd bedroom has no closet)
- Third floor unit features 3 rooms with 1 bedroom and 1 bath
- Unit #1 updates include newer carpeting (2021), kitchen flooring (2021), new white kitchen cabinets (2021), updated bathroom vanity/sink, and recently painted
- Unit #2 includes newer flooring plus an updated shower/vanity
- Separate gas heating meters, separate electrical panels and meters, upgraded electric service (2026), oil hot water, town water & sewer
Overview
This exceptional three-family residence offers 2,740 square feet of living space with a mix of historical character and practical updates. The first and second floor units each feature five rooms with three bedrooms and one bath, noting the third bedroom has no closet. The third-floor unit includes three rooms with one bedroom and one bath. Several improvements are in place, including newer carpeting and kitchen flooring for Unit #1, updated white kitchen cabinets, an updated bathroom vanity and sink, and recent interior painting. Unit #2 has newer flooring and an updated shower/vanity. The exterior is finished with vinyl siding, and each unit is supported by gas heat with separate meters.
The property is located at 39 Church Street in Mansfield, MA. Town water and sewer are connected, and the home is within walking distance of the commuter rail, along with nearby shops and restaurants. Access to major routes is also highlighted, with the listing indicating proximity to I-95/I-495.
With separate meters and ongoing unit-level improvements, this building is a strong fit for investors seeking rental income or an owner-occupant who wants to supplement housing costs. The recent electrical upgrades and ongoing maintenance items support a straightforward transition for a buyer looking to manage or live in one unit while leasing the others.
The property is located at 39 Church Street in Mansfield, MA. Town water and sewer are connected, and the home is within walking distance of the commuter rail, along with nearby shops and restaurants. Access to major routes is also highlighted, with the listing indicating proximity to I-95/I-495.
With separate meters and ongoing unit-level improvements, this building is a strong fit for investors seeking rental income or an owner-occupant who wants to supplement housing costs. The recent electrical upgrades and ongoing maintenance items support a straightforward transition for a buyer looking to manage or live in one unit while leasing the others.
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 | $75.6k | $27.60 |
| − Vacancy | −$5.7k | −$2.07 |
| EGI | $70.0k | $25.53 |
| − OpEx | −$21.0k | −$7.66 |
| NOI | $49.0k | $17.87 |
2,740 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$699.5K
$612.1K – $816.1K
NOI $48,967 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$650.1K
$568.8K – $758.5K
NOI $45,507 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,803 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Bristol
- State
- Massachusetts
- Longitude
- -71.21632
- Latitude
- 42.029504
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained three-family with separate utilities and recent unit updates, well suited for investors or owner-occupants.
Where is this triplex located?
The property is located at 39 Church Street Mansfield, MA.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Three‑family residence with 2,740 sq ft of living space; built in 1900; First and second floor units each offer 5 rooms with 3 bedrooms and 1 bath (3rd bedroom has no closet); Third floor unit features 3 rooms with 1 bedroom and 1 bath
