Updated Two-Family
556 Church Street Northbridge, MA 01588
556 Church Street, Northbridge, MA, 01588
$574,990
For Sale
$574,990
Updated two-family home with modern finishes, in-unit laundry, and a walk-in/out basement offering storage.
Property Size2,736 SF
Price / SF$210.16
Days on Market49
Property Features for 556 Church Street
General Information
- Standard status
- Active
- Size
- 2,736 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Real Broker MA,LLC
Listed by
The Liberty Group
(781) 797-4028
Source
Thepropernest
Added: Jun 4 Updated: Jul 21 at 2:13PM Checked: Jul 21 at 2:13PM
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 Real Broker MA,LLC
Investment Insights
Based on property information with market context.
This updated two-family residence features two separate units. The vacant unit includes stainless steel appliances, granite countertops, modern cabinets, a formal dining area open to the living room, a separate laundry room, three bedrooms, and a full bath. The rented unit has an updated eat-in kitchen with a large walk-in pantry, a spacious living room, a separate laundry closet, a full bath, and three bedrooms.
The property includes a walk-in/out basement that was previously used as a storefront and is currently well-suited for storage. The large flat backyard offers a shared fire pit and additional flat outdoor space for entertaining or recreation. Off-street parking via driveway provides space for up to eight cars.
Showings are scheduled to begin Saturday 6/13.
The property includes a walk-in/out basement that was previously used as a storefront and is currently well-suited for storage. The large flat backyard offers a shared fire pit and additional flat outdoor space for entertaining or recreation. Off-street parking via driveway provides space for up to eight cars.
Showings are scheduled to begin Saturday 6/13.
Key Highlights
- Updated 2‑family home with modern finishes for owner‑occupants and a rented unit
- Vacant unit features stainless steel appliances, granite countertops, modern cabinets, formal dining, and 3 bedrooms plus a full bath
- Rented unit includes an updated eat‑in kitchen, large walk‑in pantry, 3 bedrooms, and a full bath
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 | $54.2k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $52.8k | $19.31 |
| − OpEx | −$15.9k | −$5.79 |
| NOI | $37.0k | $13.52 |
2,736 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$528.3K
$462.3K – $616.4K
NOI $36,984 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$459.8K
$402.3K – $536.4K
NOI $32,186 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$934.3K
$817.5K – $1.09M
NOI $65,401 @ 7.0% cap · market cap 11.37%
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 - Updated two-family home with modern finishes, in-unit laundry, and a walk-in/out basement offering storage.
Where is this duplex located?
The property is located at 556 Church Street Northbridge, MA.
What is the asking price?
The asking price for this property is $574,990.
What are key features of this property?
This property features: Updated 2‑family home with modern finishes for owner‑occupants and a rented unit; Vacant unit features stainless steel appliances, granite countertops, modern cabinets, formal dining, and 3 bedrooms plus a full bath; Rented unit includes an updated eat‑in kitchen, large walk‑in pantry, 3 bedrooms, and a full bath
