Colonial Duplex with Screened
For Sale
$600,000
40 Valleyview Rd, Bellingham, MA 02019
Two-level main residence with a separate first-floor apartment, private outdoor space, and distinct heating systems.
Property Size2,129 SF
Days on Market132
Property Features for 40 Valleyview Rd
General Information
Standard status
Active
Size
2,129 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Zoning
RES
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,210
Building Details
Building Size
2,129 SF
Year Built
1962
Buildings
1
Stories
3
Units
2
Construction
colonial
Listing Agency:
Coldwell Banker Realty - Franklin
(508) 380-1643
Listed By:
Suzanne Ranieri
(508) 380-1643
Source:
Thefirmreg
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 30 at 5:42PM
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 Coldwell Banker Realty - Franklin
Investment Insights
Based on property information with market context.
This 2,129-square-foot colonial duplex, built in 1962, combines a primary residence with a separate first-floor apartment. The main home includes a mudroom, cabinet-lined kitchen, dining room with built-ins and a fireplace, a large living room with a gas stove, hardwood floors, and a full bath. Three bedrooms and another full bath are located upstairs.
The apartment has three rooms, including a pantry kitchen, dining and living areas, a bedroom, and a full bath. It also features separate heating and patio doors opening to a private screened porch. The property includes a fenced backyard, and a new 4 bed septic system will be installed before closing.
Located at 40 Valleyview Road in Bellingham, the property offers access to Route 495, shopping, dining, and commuter rail service to Boston.
The apartment has three rooms, including a pantry kitchen, dining and living areas, a bedroom, and a full bath. It also features separate heating and patio doors opening to a private screened porch. The property includes a fenced backyard, and a new 4 bed septic system will be installed before closing.
Located at 40 Valleyview Road in Bellingham, the property offers access to Route 495, shopping, dining, and commuter rail service to Boston.
Key Highlights
- 2,129‑square‑foot duplex on a 0.31‑acre lot
- Main residence includes 3 bedrooms and 2 full baths
- Separate first‑floor apartment with bedroom, full bath, pantry kitchen, and living areas
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
$38,138
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
6.36%
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%
$762,760
$762.8K
Cap Rate 7%
$544,829
$544.8K
Cap Rate 9%
$423,756
$423.8K
Market Conditions
NOI Build-Up for 2,129 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
$57.5K $27.00/SF
− Vacancy
−$3.0K −$1.41/SF
EGI
$54.5K $25.59/SF
− OpEx
−$16.3K −$7.68/SF
NOI
$38.1K $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%
$762,760
Cap Rate 7%
$544,829
Cap Rate 9%
$423,756
Alternative Uses
Best Use
Multifamily LT 5
$544.8K
$476.7K – $635.6K
NOI $38,138 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$502.7K
$439.9K – $586.5K
NOI $35,188 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,225 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 02019, MA
16,945
Population
6,555
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
926
Density / Sq Mi
$120,966
Median Household Income
$61,453
Median Earnings
$1,788
Median Rent
$425,900
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?
Duplex - Two-level main residence with a separate first-floor apartment, private outdoor space, and distinct heating systems.
Where is this duplex located?
The property is located at 40 Valleyview Rd Bellingham, 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: 2,129‑square‑foot duplex on a 0.31‑acre lot; Main residence includes 3 bedrooms and 2 full baths; Separate first‑floor apartment with bedroom, full bath, pantry kitchen, and living areas
