Mixed-Use Retail and
47 Chelmsford St Chelmsford, MA 01824
47 Chelmsford St, Chelmsford, MA, 01824
$1,500,000
For Sale
$1,500,000
Convenience store retail space on the first floor plus two fully renovated apartments on the second floor.
Property Size5,456 SF
Price / SF$274.93
Days on Market94
Property Features for 47 Chelmsford St
General Information
- Standard status
- Active
- Size
- 5,456 SF
Listing agency
Commonwealth Standard Realty Advisors
(603) 566-7305
Listed by
Nicole Canavan · License #009533251
(603) 566-7305
Source
Exprealty
Added: Apr 21 Updated: Jul 22 at 2:48PM Checked: Jul 22 at 2:48PM
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 Commonwealth Standard Realty Advisors
Investment Insights
Based on property information with market context.
This well-maintained mixed-use property includes commercial space on the first floor and two renovated apartments on the second floor. The first-floor convenience store totals 2,896 square feet and is fully ADA accessible, with flexibility to subdivide into two separate units. On-site parking is available, and the seller will deliver the commercial space vacant at closing, with the option to purchase the existing convenience store inventory separately.
The second floor features two spacious apartments. Apartment 3 offers two bedrooms, an office, and two bathrooms, along with adjacent laundry. Apartment 4 includes two bedrooms and two bathrooms with in-unit laundry. The seller will guarantee leases for both units, and each tenant is responsible for their own utilities.
The property is offered for sale, and prospective buyers are required to provide proof of funds prior to scheduling showings.
The second floor features two spacious apartments. Apartment 3 offers two bedrooms, an office, and two bathrooms, along with adjacent laundry. Apartment 4 includes two bedrooms and two bathrooms with in-unit laundry. The seller will guarantee leases for both units, and each tenant is responsible for their own utilities.
The property is offered for sale, and prospective buyers are required to provide proof of funds prior to scheduling showings.
Key Highlights
- 5,456 SF well‑maintained mixed‑use property with 2,896 SF of first‑floor convenience store space plus two apartments upstairs
- First‑floor commercial space (2,896 SF) is fully ADA accessible and can be subdivided into two separate units
- Existing convenience store operates on the first floor; seller will deliver the commercial space vacant at closing (inventory may be purchased separately)
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 | $173.5k | $31.80 |
| − Vacancy | −$8.6k | −$1.57 |
| EGI | $164.9k | $30.23 |
| − OpEx | −$49.5k | −$9.07 |
| NOI | $115.5k | $21.16 |
5,456 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.92M
NOI $115,451 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,556 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,095 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Convenience store retail space on the first floor plus two fully renovated apartments on the second floor.
Where is this mixed-use property located?
The property is located at 47 Chelmsford St Chelmsford, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,456 SF well‑maintained mixed‑use property with 2,896 SF of first‑floor convenience store space plus two apartments upstairs; First‑floor commercial space (2,896 SF) is fully ADA accessible and can be subdivided into two separate units; Existing convenience store operates on the first floor; seller will deliver the commercial space vacant at closing (inventory may be purchased separately)
