Two-Unit Residential Income
41-43 Highland Avenue Chelmsford, MA 01863
41-43 Highland Avenue, Chelmsford, MA, 01863
$700,000
For Sale
$700,000
MULTI_FAMILY - Other - Chelmsford, MA
Property Size1,960 SF
Lot Size0.12 Acres
Price / SF$357.14
Days on Market54
Property Features for 41-43 Highland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Basement, Bedroom 2
- Parking features
- Carport
- Patio and Porch features
- Porch
- Exterior features
- Garden Space, Covered Porch, Enclosed Porch, Shed, Storage
- Standard status
- Active
- Size
- 1,960 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6872
Utilities
- Heating system
- Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Tile, Wood
- Building materials
- Wood Frame
- Roof type
- Tar/Gravel
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
Coldwell Banker Realty Nashua
(603) 673-4000
569B Amherst St., Bedford, MA
Listed by
Ashima Scripp
(603) 848-9559
Added: May 28 Updated: Jul 17 at 6:37 pm Checked: Jul 20 at 11:06 pm
MLS# 5091592
Listing URL
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family residential income property includes two separate units within a duplex layout. Both units feature hardwood floors and generous living and dining rooms, with sunny bedrooms and shared closet space in the main living area. The main floor unit has an updated kitchen and a generous bath. The upstairs unit is described as in great shape throughout and includes a second kitchen, which could be expanded or eliminated to create additional shared space.
The home offers a screened porch, a carport, lots of basement storage, and an additional shed. The listing notes an accessible entry point into North Chelmsford.
Residential details include a total property size of 1,960 square feet on a 0.12-acre lot, with zoning listed as RC.
The home offers a screened porch, a carport, lots of basement storage, and an additional shed. The listing notes an accessible entry point into North Chelmsford.
Residential details include a total property size of 1,960 square feet on a 0.12-acre lot, with zoning listed as RC.
Key Highlights
- Two‑family home (used as single family for many years) with an accessible entry point into North Chelmsford
- Year built 1920 with wood frame construction and tar/gravel roof
- Both units feature hardwood floors with generous living and dining rooms and sunny bedrooms
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 | $62.3k | $31.80 |
| − Vacancy | −$3.1k | −$1.57 |
| EGI | $59.2k | $30.23 |
| − OpEx | −$17.8k | −$9.07 |
| NOI | $41.5k | $21.16 |
1,960 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$592.5K
$518.4K – $691.2K
NOI $41,474 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$557.1K
$487.5K – $650.0K
NOI $38,997 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,222 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with updated kitchen on the main level, hardwood floors, and screened porch plus basement storage.
Where is this duplex located?
The property is located at 41-43 Highland Avenue Chelmsford, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two‑family home (used as single family for many years) with an accessible entry point into North Chelmsford; Year built 1920 with wood frame construction and tar/gravel roof; Both units feature hardwood floors with generous living and dining rooms and sunny bedrooms
