Turnkey Two-Family
69 Main Pepperell, MA 01463
69 Main, Pepperell, MA, 01463
$579,995
For Sale
$579,995
Two occupied units with off-street parking and tenant-paid utilities, generating $3,550 monthly rent.
Property Size2,318 SF
Price / SF$250.21
Days on Market120
Property Features for 69 Main
General Information
- Standard status
- Active
- Size
- 2,318 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing agency
eXp Realty
Listed by
Candor Investment Group
(978) 658-2345
Source
Wilsonwolfe
Added: Mar 24 Updated: Jul 21 at 6:38AM Checked: Jul 21 at 6:38AM
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 eXp Realty
Investment Insights
Based on property information with market context.
69 Main Street is a well-maintained turnkey two-family property with two spacious units and off-street parking. The property is currently income-producing, generating $3,550 per month in rental income, with tenants responsible for their own utilities.
Both units are occupied and there are no long-term leases in place, creating flexibility for an owner-occupant to use one unit while collecting rent from the other. The property is positioned in Pepperell, conveniently located near local amenities, schools, and commuter routes.
Designed for straightforward day-to-day management, this two-family setup combines practical unit layouts with off-street parking, supporting consistent rental demand.
Both units are occupied and there are no long-term leases in place, creating flexibility for an owner-occupant to use one unit while collecting rent from the other. The property is positioned in Pepperell, conveniently located near local amenities, schools, and commuter routes.
Designed for straightforward day-to-day management, this two-family setup combines practical unit layouts with off-street parking, supporting consistent rental demand.
Key Highlights
- 2‑family property built in 1880 with both units currently occupied.
- Generates $3,550 per month in rental income; tenants pay their own utilities.
- Off‑street parking included for both units.
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 | $73.7k | $31.80 |
| − Vacancy | −$3.6k | −$1.57 |
| EGI | $70.1k | $30.23 |
| − OpEx | −$21.0k | −$9.07 |
| NOI | $49.0k | $21.16 |
2,318 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$700.7K
$613.1K – $817.5K
NOI $49,050 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$658.9K
$576.5K – $768.7K
NOI $46,120 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,057 @ 7.0% cap · market cap 16.56%
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 occupied units with off-street parking and tenant-paid utilities, generating $3,550 monthly rent.
Where is this duplex located?
The property is located at 69 Main Pepperell, MA.
What is the asking price?
The asking price for this property is $579,995.
What are key features of this property?
This property features: 2‑family property built in 1880 with both units currently occupied.; Generates $3,550 per month in rental income; tenants pay their own utilities.; Off‑street parking included for both units.
