Duplex with Detached
For Sale
$600,000
5 Mechanic Street, Milford, MA 01757
Two apartments offer distinct bedroom layouts, separate laundry arrangements and enclosed porches.
Property Size2,044 SF
Price / SF$293.54
Days on Market11
Property Features for 5 Mechanic Street
General Information
Standard status
Active
Size
2,044 SF
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
laundry
enclosed porch
garage
off-street parking
Building Details
Building Size
2,044 SF
Year Built
1840
Listing Agency:
REMAX Executive Realty
(508) 435-6700
Listed By:
Erika Steele · License #449549301
(508) 397-7199
Source:
Iverty
Added: Oct 6
Changed: Oct 16
Last Checked: Oct 16 at 8:47AM
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 REMAX Executive Realty
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Investment Insights
Based on property information with market context.
This 2,044-square-foot duplex, built in 1840, contains two apartments: a two-bedroom, one-bath unit and a three-bedroom, one-bath unit. The first-floor apartment has a kitchen, family room, in-unit laundry and an enclosed porch. The upper apartment extends across two floors, with an eat-in kitchen, dining room, family room, attached den, two additional bedrooms and another enclosed porch. Its laundry is in the unfinished basement.
At the rear, separate stairways from the kitchens lead outside to the grassy yard. Off-street parking is available in the driveway, with additional space in the detached two-car garage.
At the rear, separate stairways from the kitchens lead outside to the grassy yard. Off-street parking is available in the driveway, with additional space in the detached two-car garage.
Key Highlights
- 2,044‑square‑foot duplex built in 1840
- Two apartments: one with 2 bedrooms and 1 bath, the other with 3 bedrooms and 1 bath
- Detached 2‑car garage and driveway with room for multiple vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,630
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,600
$552.6K
Cap Rate 7%
$394,714
$394.7K
Cap Rate 9%
$307,000
$307.0K
Market Conditions
NOI Build-Up for 2,044 SF
Gross rent
$40.5K $19.80/SF
− Vacancy
−$1,000 −$0.49/SF
EGI
$39.5K $19.31/SF
− OpEx
−$11.8K −$5.79/SF
NOI
$27.6K $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%
$552,600
Cap Rate 7%
$394,714
Cap Rate 9%
$307,000
Alternative Uses
Best Use
Multifamily LT 5
$394.7K
$345.4K – $460.5K
NOI $27,630 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$343.5K
$300.6K – $400.8K
NOI $24,046 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$698.0K
$610.8K – $814.3K
NOI $48,860 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer distinct bedroom layouts, separate laundry arrangements and enclosed porches.
Where is this duplex located?
The property is located at 5 Mechanic Street Milford, MA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,044‑square‑foot duplex built in 1840; Two apartments: one with 2 bedrooms and 1 bath, the other with 3 bedrooms and 1 bath; Detached 2‑car garage and driveway with room for multiple vehicles
