Three-Unit Residential
For Sale
$799,900
40 Gibbon Street, Marlborough, MA 01752
Well-maintained three-unit home with hardwood floors, new furnaces, a young roof, and a large basement with separate utilities.
Property Size2,566 SF
Price / SF$311.73
Days on Market94
Property Features for 40 Gibbon Street
General Information
Standard status
Active
Size
2,566 SF
Property subtype
3 Family
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
2,566 SF
Year Built
1900
Listing Agency:
Coldwell Banker Realty - Waltham
(781) 893-0808
Listed By:
Dave DiGregorio · License #9028021
(617) 909-7888
Source:
Iverty
Added: Jul 28
Changed: Oct 29
Last Checked: Oct 28 at 7:27AM
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 Coldwell Banker Realty - Waltham
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Investment Insights
Based on property information with market context.
This well-maintained three-unit residential building offers spacious, bright interiors with sunfilled living rooms and eat-in kitchens, along with hardwood flooring throughout. Updates include new furnaces and a young roof. A large basement adds additional functionality, including separate utilities, and can support a variety of residential uses.
The property is served by a detached two-car garage and provides ample off-street parking, along with a yard. Built in 1900, the home totals 2,566 square feet.
Convenient access to local shops and the Mass Pike helps support everyday commuting and tenant lifestyle needs.
The property is served by a detached two-car garage and provides ample off-street parking, along with a yard. Built in 1900, the home totals 2,566 square feet.
Convenient access to local shops and the Mass Pike helps support everyday commuting and tenant lifestyle needs.
Key Highlights
- 2,566 SF three‑unit residential building built in 1900
- Hardwood flooring throughout
- New furnaces and a young roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,297
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,940
$1.1M
Cap Rate 7%
$775,671
$775.7K
Cap Rate 9%
$603,300
$603.3K
Market Conditions
NOI Build-Up for 2,566 SF
Gross rent
$81.6K $31.80/SF
− Vacancy
−$4.0K −$1.57/SF
EGI
$77.6K $30.23/SF
− OpEx
−$23.3K −$9.07/SF
NOI
$54.3K $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%
$1,085,940
Cap Rate 7%
$775,671
Cap Rate 9%
$603,300
Alternative Uses
Best Use
Multifamily LT 5
$775.7K
$678.7K – $905.0K
NOI $54,297 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$729.4K
$638.2K – $850.9K
NOI $51,055 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,334 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 01752, MA
41,793
Population
17,370
Households
2.4
Avg Household Size
40
Median Age
41%
College-Educated
89%
High-School Grad
20.9 sq mi
ZIP Area
2,000
Density / Sq Mi
$95,047
Median Household Income
$49,012
Median Earnings
$1,721
Median Rent
$485,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-unit home with hardwood floors, new furnaces, a young roof, and a large basement with separate utilities.
Where is this triplex located?
The property is located at 40 Gibbon Street Marlborough, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,566 SF three‑unit residential building built in 1900; Hardwood flooring throughout; New furnaces and a young roof
