Duplex with Detached
New
For Sale
$600,000
5 Mechanic Street, Milford, MA 01757
Residential Income, Milford, MA
Property Size2,044 SF
Lot Size0.21 Acres
Price / SF$293.54
Days on Market2
Property Features for 5 Mechanic Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4
Parking
8
Directions
Purchase or Summer to Mechanic
Standard status
Active
APN
M:41 B:000 L:105,1615897
Size
2,044 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6310
Amenities
laundry
enclosed porch
backyard
Building Details
Year built
1840
Floors in Building
3
Number of units
2
Listing Agency:
REMAX Executive Realty · RE/MAX International
(508) 435-6700
Listed By:
Bill Wright · License #5503
(508) 223-7200
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 7:06PM
MLS# 73587088
Copyright © 2026 MLS Property Information Network Inc. 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.
Built in 1840, this 2,044-square-foot duplex contains two apartments with different layouts. The first-floor unit has two bedrooms and one bathroom, along with a kitchen, family room, enclosed porch, and in-unit laundry. The second apartment spans two floors and includes three bedrooms, one bathroom, an eat-in kitchen, dining room, family room, attached den, enclosed porch, and additional flex space. Its laundry is in the basement.
The property occupies a 0.2066-acre lot at 5 Mechanic Street in Milford, Massachusetts. Outdoor features include a grassy yard, rear stair access from both kitchens, a deep driveway for multiple vehicles, and a detached two-car garage. Zoning is RA.
The property occupies a 0.2066-acre lot at 5 Mechanic Street in Milford, Massachusetts. Outdoor features include a grassy yard, rear stair access from both kitchens, a deep driveway for multiple vehicles, and a detached two-car garage. Zoning is RA.
Key Highlights
- Two apartments: one with 2 bedrooms and one with 3 bedrooms
- 2,044 square feet on a 0.2066‑acre lot
- Detached 2‑car garage and deep 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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,009
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate two- and three-bedroom apartments feature enclosed porches and laundry facilities.
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: Two apartments: one with 2 bedrooms and one with 3 bedrooms; 2,044 square feet on a 0.2066‑acre lot; Detached 2‑car garage and deep driveway with room for multiple vehicles
