Two-Family Residential Income
For Sale
$724,000
58 Stevens St, Marlborough, MA 01752
Two-unit property offering a three-bedroom and a four-bedroom layout, each with one full bath, plus off-street parking and storage.
Property Size2,723 SF
Price / SF$265.88
Days on Market97
Property Features for 58 Stevens St
General Information
Standard status
Active
Size
2,723 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
multi
Net Operating Income
$67,200
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,319
Building Details
Building Size
2,723 SF
Year Built
1905
Stories
2
Listing Agency:
Settlers Realty Group, LLC
(508) 304-2739
Listed By:
Sergio Froes Oliveira · License #9557598
(508) 371-7469
Source:
Churchillprop
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 28 at 6:08AM
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 Settlers Realty Group, LLC
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Investment Insights
Based on property information with market context.
This two-family residential income property features two separate units. The first-floor unit includes three bedrooms and one full bath, and the second-floor unit includes four bedrooms and one full bath. Both units are described as providing generous living space with flexible layouts.
The property is situated on a flat lot with ample off-street parking and additional storage. It is located in Marlborough, with proximity to shopping, dining, major routes, and area amenities.
The offering is for sale, and property information is based on available records; buyers and buyer’s agents should perform their own due diligence.
The property is situated on a flat lot with ample off-street parking and additional storage. It is located in Marlborough, with proximity to shopping, dining, major routes, and area amenities.
The offering is for sale, and property information is based on available records; buyers and buyer’s agents should perform their own due diligence.
Key Highlights
- Two‑family property built in 1905 with two separate units
- First‑floor unit: 3 bedrooms and 1 full bath
- Second‑floor unit: 4 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,620
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,400
$1.2M
Cap Rate 7%
$823,143
$823.1K
Cap Rate 9%
$640,222
$640.2K
Market Conditions
NOI Build-Up for 2,723 SF
Gross rent
$86.6K $31.80/SF
− Vacancy
−$4.3K −$1.57/SF
EGI
$82.3K $30.23/SF
− OpEx
−$24.7K −$9.07/SF
NOI
$57.6K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,400
Cap Rate 7%
$823,143
Cap Rate 9%
$640,222
Alternative Uses
Best Use
Multifamily LT 5
$823.1K
$720.3K – $960.3K
NOI $57,620 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$774.0K
$677.2K – $903.0K
NOI $54,179 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,840 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
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Business Placement
Demographics for 01752, MA
41,793
Population
17,370
Households
2.4
Avg Household Size
40
Median Age
41%
College-Educated
89%
High-School Grad
20.9 sq mi
ZIP Area
2,000
Density / Sq Mi
$95,047
Median Household Income
$49,012
Median Earnings
$1,721
Median Rent
$485,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offering a three-bedroom and a four-bedroom layout, each with one full bath, plus off-street parking and storage.
Where is this duplex located?
The property is located at 58 Stevens St Marlborough, MA.
What is the asking price?
The asking price for this property is $724,000.
What are key features of this property?
This property features: Two‑family property built in 1905 with two separate units; First‑floor unit: 3 bedrooms and 1 full bath; Second‑floor unit: 4 bedrooms and 1 full bath
