Well-Maintained Two-Family Corner
55 Rice Street Marlborough, MA 01752
55 Rice Street, Marlborough, MA, 01752
$699,900
For Sale
$699,900
Two-family residence with renovated kitchens and bathrooms, spacious layouts, and ample off-street parking on a corner lot.
Property Size1,980 SF
Price / SF$353.48
Days on Market14
Property Features for 55 Rice Street
General Information
- Standard status
- Active
- Size
- 1,980 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1870
Listing agency
Pablo Maia Realty
Listed by
Rodrigo Azevedo
(617) 696-6100
Source
Kelleyrege
Added: Jul 8 Updated: Jul 21 at 5:48AM Checked: Jul 21 at 5:48AM
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 Pablo Maia Realty
Investment Insights
Based on property information with market context.
55 Rice Street offers a well-maintained two-family home with a corner-lot setting and a generous yard, complemented by ample off-street parking. The property has been renovated throughout the years, with both units featuring updated kitchens with modern finishes, renovated bathrooms, and spacious, comfortable layouts.
Each unit includes large bedrooms and flexible floor plans that can support a range of living arrangements. The home is described as conveniently located just minutes from major highways and close to shopping centers, restaurants, schools, parks, and everyday amenities.
Overall, this is a move-in-ready, renovated duplex-style residence designed for comfortable day-to-day living, with strong suitability for owner-occupants, extended families, or rental use based on the provided unit configuration.
Each unit includes large bedrooms and flexible floor plans that can support a range of living arrangements. The home is described as conveniently located just minutes from major highways and close to shopping centers, restaurants, schools, parks, and everyday amenities.
Overall, this is a move-in-ready, renovated duplex-style residence designed for comfortable day-to-day living, with strong suitability for owner-occupants, extended families, or rental use based on the provided unit configuration.
Key Highlights
- Two‑family home built in 1870 with renovated kitchens and updated bathrooms in both units
- Spacious corner lot with a generous yard for outdoor space
- Ample off‑street parking included
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 | $63.0k | $31.80 |
| − Vacancy | −$3.1k | −$1.57 |
| EGI | $59.9k | $30.23 |
| − OpEx | −$18.0k | −$9.07 |
| NOI | $41.9k | $21.16 |
1,980 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$598.5K
$523.7K – $698.3K
NOI $41,898 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$562.8K
$492.4K – $656.6K
NOI $39,395 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,051 @ 7.0% cap · market cap 11.72%
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 - Two-family residence with renovated kitchens and bathrooms, spacious layouts, and ample off-street parking on a corner lot.
Where is this duplex located?
The property is located at 55 Rice Street Marlborough, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family home built in 1870 with renovated kitchens and updated bathrooms in both units; Spacious corner lot with a generous yard for outdoor space; Ample off‑street parking included
