Turnkey Renovated Multi-Family
55 Elbow St Bellingham, MA 02019
55 Elbow St, Bellingham, MA, 02019
$750,000
For Sale
$750,000
Renovated duplex with two updated units, finished basements, and exterior upgrades including new roof and replacement windows.
Property Size3,400 SF
Price / SF$220.59
Days on Market51
Property Features for 55 Elbow St
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1933
Listing agency
Mega Realty Services
(508) 371-5932
Listed by
Geraldo Franca
(508) 371-5932
Source
Thefirmreg
Added: Jun 1 Updated: Jul 21 at 1:11PM Checked: Jul 21 at 1:11PM
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 Mega Realty Services
Investment Insights
Based on property information with market context.
This turnkey renovated multi-family home offers two separate residential units with fully updated interiors and exterior improvements. Unit 1 includes the first floor and a finished basement with three bedrooms, a living room, dining room, kitchen, mudroom, laundry area, a full bathroom, and additional finished basement rooms for flexible living space. Unit 2 features a second-floor layout with two bedrooms, a living room, eat-in kitchen, mudroom, a full bathroom, and in-unit laundry.
Exterior upgrades include a new roof, new siding, replacement windows, veneer stone accents, decks with composite flooring and PVC railings, and site improvements such as a driveway, walkways, retaining wall, landscaping, and privacy fencing. The property also includes a newly built 17x21 gazebo.
Interior renovations include new HVAC systems, spray foam insulation, updated plumbing and electrical, level 5 plastering, trim work, hardwood flooring, cabinetry, and porcelain tile bathrooms and laundry rooms.
Exterior upgrades include a new roof, new siding, replacement windows, veneer stone accents, decks with composite flooring and PVC railings, and site improvements such as a driveway, walkways, retaining wall, landscaping, and privacy fencing. The property also includes a newly built 17x21 gazebo.
Interior renovations include new HVAC systems, spray foam insulation, updated plumbing and electrical, level 5 plastering, trim work, hardwood flooring, cabinetry, and porcelain tile bathrooms and laundry rooms.
Key Highlights
- Approximately 3,400 sq. ft. renovated multi‑family duplex built in 1933 with two updated units
- Unit 1: 3 bedrooms plus finished basement with flexible additional finished basement rooms
- Unit 2: 2 bedrooms with in‑unit laundry and a second‑floor layout with eat‑in kitchen and mudroom
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 | $91.8k | $27.00 |
| − Vacancy | −$4.8k | −$1.41 |
| EGI | $87.0k | $25.59 |
| − OpEx | −$26.1k | −$7.68 |
| NOI | $60.9k | $17.91 |
3,400 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$870.1K
$761.3K – $1.02M
NOI $60,906 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$802.8K
$702.4K – $936.6K
NOI $56,195 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,895 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex with two updated units, finished basements, and exterior upgrades including new roof and replacement windows.
Where is this duplex located?
The property is located at 55 Elbow St Bellingham, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 3,400 sq. ft. renovated multi‑family duplex built in 1933 with two updated units; Unit 1: 3 bedrooms plus finished basement with flexible additional finished basement rooms; Unit 2: 2 bedrooms with in‑unit laundry and a second‑floor layout with eat‑in kitchen and mudroom
