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Duplex with Separate Utilities
New
For Sale
$599,900

40 West Street, Milford, MA 01757

Two residential units offer distinct bedroom counts and individual utility services.

Property Size2,127 SF
Price / SF$282.04
Days on Market5

Property Features for 40 West Street

General Information

Standard status Active
Size 2,127 SF
Property subtype Multi-family
Lease Term []

Units

Unit Mix 1 x 1BR, 1 x 4BR
Multifamily Units 2

Building Details

Year Built 1900
Listing Agency: Afonso Real Estate
Listed By: Sheila Wajda
Source: Foster-healey
Added: Oct 1 Changed: Oct 4 Last Checked: Oct 4 at 8:57AM

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 Afonso Real Estate

Investment Insights

Based on property information with market context.

Built in 1900, this 2,127-square-foot duplex contains two units with separate utilities. The first-floor unit has one bedroom; the upper unit has four bedrooms and spans two floors. Each unit has a tandem paved driveway.

The property is near parks, a school, the town center, and a hospital.

Key Highlights

  • 2,127‑square‑foot duplex built in 1900
  • Separate utilities for each unit
  • First‑floor unit has one bedroom; upper unit has four bedrooms across two floors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$28,752
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,040 $575.0K
Cap Rate 7%
$410,743 $410.7K
Cap Rate 9%
$319,467 $319.5K
Market Conditions
NOI Build-Up for 2,127 SF
Gross rent
$42.1K $19.80/SF
− Vacancy
−$1.0K −$0.49/SF
EGI
$41.1K $19.31/SF
− OpEx
−$12.3K −$5.79/SF
NOI
$28.8K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,040
Cap Rate 7%
$410,743
Cap Rate 9%
$319,467

Alternative Uses

Best Use
Multifamily LT 5
$410.7K
$359.4K – $479.2K (±1% cap)
NOI $28,752 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$357.5K
$312.8K – $417.0K (±1% cap)
NOI $25,022 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$726.3K
$635.6K – $847.4K (±1% cap)
NOI $50,844 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Storage Facility (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,338
Businesses Nearby

Demographics for 01757, MA

30,479
Population
11,833
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
2,018
Density / Sq Mi
$92,951
Median Household Income
$47,975
Median Earnings
$1,702
Median Rent
$444,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer distinct bedroom counts and individual utility services.
Where is this duplex located?
The property is located at 40 West Street Milford, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,127‑square‑foot duplex built in 1900; Separate utilities for each unit; First‑floor unit has one bedroom; upper unit has four bedrooms across two floors
More about this property
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