Two-Family Residential Income
56 Middlefield Road Chester, MA 01011
56 Middlefield Road, Chester, MA, 01011
$394,900
For Sale
$394,900
Refreshed duplex with two 3-bedroom units, first-floor laundry, bonus rooms, and ample parking on nearly 1 acre.
Property Size2,832 SF
Price / SF$139.44
Days on Market225
Property Features for 56 Middlefield Road
General Information
- Standard status
- Active
- Size
- 2,832 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Executive Real Estate,Inc.
(413) 596-2212
Listed by
Cynthia Gonzalez · License #9550035
Source
Eganrealtygroup
Added: Dec 9, 2025 Updated: Jul 22 at 9:55AM Checked: Jul 22 at 9:55AM
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 Executive Real Estate,Inc.
Investment Insights
Based on property information with market context.
This refreshed two-family home offers a practical residential income layout with two separate units. Each unit features three bedrooms, 1.5 bathrooms, a large living room, a dining area, a kitchen, and first-floor laundry. Both units also include a bonus room that can serve as an office, playroom, or additional storage. New flooring throughout and other cosmetic updates have recently been completed, and the property includes a new septic system.
Set on a generous lot close to 1 acre, the home includes a large front yard and an expansive backyard that accommodates parking for approximately six additional vehicles. A barn on the property provides extra utility, including a 2-car garage and an upstairs loft.
The barn is being sold as-is, along with the rest of the property, with the current updates and improvements included in the sale.
Set on a generous lot close to 1 acre, the home includes a large front yard and an expansive backyard that accommodates parking for approximately six additional vehicles. A barn on the property provides extra utility, including a 2-car garage and an upstairs loft.
The barn is being sold as-is, along with the rest of the property, with the current updates and improvements included in the sale.
Key Highlights
- Two‑family home built in 1900 with two 3‑bedroom units and 1.5 bathrooms per unit
- Each unit includes a large living room, dining area, kitchen, first‑floor laundry, and a bonus room
- New septic system included
Local Financial Insights For Apartment 5plus
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 | $65.9k | $23.28 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $62.5k | $22.07 |
| − OpEx | −$28.1k | −$9.93 |
| NOI | $34.4k | $12.14 |
2,832 SF · lease $23.28/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.9K
$463.7K – $618.2K
NOI $37,093 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$491.1K
$429.7K – $572.9K
NOI $34,375 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,179 @ 7.0% cap · market cap 30.94%
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 - Refreshed duplex with two 3-bedroom units, first-floor laundry, bonus rooms, and ample parking on nearly 1 acre.
Where is this duplex located?
The property is located at 56 Middlefield Road Chester, MA.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: Two‑family home built in 1900 with two 3‑bedroom units and 1.5 bathrooms per unit; Each unit includes a large living room, dining area, kitchen, first‑floor laundry, and a bonus room; New septic system included
