Historic Townhouse-Style
73 Gray Street, Billerica, MA 01821
For Sale
$675,000
Renovated residence with three bedrooms, 2.5 bathrooms, hardwood floors, and a private fenced outdoor area.
Property Size2,200 SF
Lot Size5.00 Acres
Price / SF$306.82
Days on Market106
Property Features for 73 Gray Street
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
fireplace
private enclosed patio
fenced yard
Range
Dishwasher
Microwave
Refrigerator
Freezer
Washer
Dryer
Central Air
1 Fireplace
Tile
Carpet
Laminate
Hardwood
Baseboard, Natural Gas
2.0 Stories
$7,519 Taxes
Public
Built in 1843
Building Details
Year Built
Year Renovated
Construction
Listing Agency:
Keller Williams Realty-Merrimack
(978) 692-3280
Listed By:
Samuel Harding
Source:
Donahuere
Added: Jul 31
Changed: Nov 11
Last Checked: Nov 12 at 4:10AM
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 Keller Williams Realty-Merrimack
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This townhouse-style condominium occupies part of a c.1843 home renovated in 2006. The residence offers over 2,200 square feet with three bedrooms and 2.5 bathrooms. Its main level combines an open floor plan with hardwood flooring, 9-foot ceilings, a fireplace, and a kitchen finished with granite countertops and ample cabinetry. French doors open to an enclosed patio and fenced yard. The property is set within approximately five acres of conservation land and includes a primary suite on the upper level.
Key Highlights
- Townhouse‑style condominium in a c.1843 home renovated in 2006
- Over 2,200 square feet with 3 bedrooms and 2.5 bathrooms
- Approximately five acres of conservation land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,773
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,460
$875.5K
Cap Rate 7%
$625,329
$625.3K
Cap Rate 9%
$486,367
$486.4K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$84.0K $38.16/SF
− Vacancy
−$4.4K −$1.98/SF
EGI
$79.6K $36.18/SF
− OpEx
−$35.8K −$16.28/SF
NOI
$43.8K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,460
Cap Rate 7%
$625,329
Cap Rate 9%
$486,367
Alternative Uses
Best Use
Apartment 5plus
$625.3K
$547.2K – $729.6K
NOI $43,773 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,167 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 01821, MA
30,909
Population
11,666
Households
2.6
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
16.6 sq mi
ZIP Area
1,862
Density / Sq Mi
$142,564
Median Household Income
$65,056
Median Earnings
$2,211
Median Rent
$581,300
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Middlesex County, MA
Properties on Market for Residential income properties in Middlesex County
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated residence with three bedrooms, 2.5 bathrooms, hardwood floors, and a private fenced outdoor area.
Where is this residential income property located?
The property is located at 73 Gray Street Billerica, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Townhouse‑style condominium in a c.1843 home renovated in 2006; Over 2,200 square feet with 3 bedrooms and 2.5 bathrooms; Approximately five acres of conservation land
