Duplex with Solar
New
For Sale
$659,900
42 Leighton Street, Pepperell, MA 01463
Separate laundry facilities and public water and sewer support the property’s two residential units.
Property Size2,441 SF
Price / SF$270.34
Days on Market3
Property Features for 42 Leighton Street
General Information
Standard status
Active
Size
2,441 SF
Total Parking Spaces
1
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Audrey DeCourcy
(508) 823-9400
Source:
Ballowhutchinsonrealestate
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:35PM
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
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Investment Insights
Based on property information with market context.
This 2,441-square-foot duplex, built in 1965, contains two distinct residences. The upper unit has 2 bedrooms and 2 bathrooms, updated kitchen finishes, hardwood flooring in the living room and one bedroom, built-in bookcases, and a primary suite with a walk-in shower. Laundry is located on this level. The lower unit offers 2 bedrooms, 1 full bathroom, an eat-in kitchen, a living room, and laundry hookups. Solar panels generate electricity, and the home has an upgraded electrical panel and public water and sewer.
An attached one-car garage, storage shed, and backyard are included. A brook borders the property. The location provides access to the Rail Trail, downtown Pepperell, restaurants, and everyday amenities.
An attached one-car garage, storage shed, and backyard are included. A brook borders the property. The location provides access to the Rail Trail, downtown Pepperell, restaurants, and everyday amenities.
Key Highlights
- Two units: upper‑level 2‑bedroom, 2‑bathroom residence and lower‑level 2‑bedroom, 1‑bathroom residence
- 2,441 square feet; built in 1965
- Solar panels generate electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,652
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,040
$1.0M
Cap Rate 7%
$737,886
$737.9K
Cap Rate 9%
$573,911
$573.9K
Market Conditions
NOI Build-Up for 2,441 SF
Gross rent
$77.6K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$73.8K $30.23/SF
− OpEx
−$22.1K −$9.07/SF
NOI
$51.7K $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%
$1,033,040
Cap Rate 7%
$737,886
Cap Rate 9%
$573,911
Alternative Uses
Best Use
Multifamily LT 5
$737.9K
$645.7K – $860.9K
NOI $51,652 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$693.8K
$607.1K – $809.5K
NOI $48,568 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$1.45M
$1.26M – $1.69M
NOI $101,154 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
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Business Placement
Demographics for 01463, MA
11,621
Population
4,516
Households
2.6
Avg Household Size
44
Median Age
44%
College-Educated
97%
High-School Grad
22.6 sq mi
ZIP Area
514
Density / Sq Mi
$126,824
Median Household Income
$62,658
Median Earnings
$1,303
Median Rent
$459,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry facilities and public water and sewer support the property’s two residential units.
Where is this duplex located?
The property is located at 42 Leighton Street Pepperell, MA.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Two units: upper‑level 2‑bedroom, 2‑bathroom residence and lower‑level 2‑bedroom, 1‑bathroom residence; 2,441 square feet; built in 1965; Solar panels generate electricity
