Duplex with Separate
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
(508) 478-7286
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.
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
NOI $28,752 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$357.5K
$312.8K – $417.0K
NOI $25,022 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$726.3K
$635.6K – $847.4K
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
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
