Duplex with Fenced
75 Chapel St, Shirley, MA 01464
For Sale
New
$449,900
The two-story layout includes three full bathrooms and a lower-level area described as having potential for an in-law unit.
Property Size1,961 SF
Lot Size0.39 Acres
Price / SF$229.42
Days on Market7
Property Features for 75 Chapel St
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
fenced yard
Building Details
Year Built
Stories
Listing Agency:
Kenneth Maston, Keller Williams Realty North Central
Listed By:
The Ponte Group
(508) 642-4802
Source:
Pontegroupne
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 7:56AM
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 Kenneth Maston, Keller Williams Realty North Central
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Investment Insights
Based on property information with market context.
This two-story duplex contains 1,961 square feet of living space and three full bathrooms. The lower level is identified as having potential for an in-law unit; the property is otherwise described as a two-unit residence. A fenced yard provides outdoor space on the 16,988-square-foot lot. Built in 1930, the home combines its existing residential layout with a substantial lot area.
The property is within walking distance of Devens and the commuter rail. Located at 75 Chapel St in Shirley, it offers access to both destinations on foot.
The property is within walking distance of Devens and the commuter rail. Located at 75 Chapel St in Shirley, it offers access to both destinations on foot.
Key Highlights
- Two‑unit duplex with 1,961 square feet of living space
- Lower level described as having potential for an in‑law unit
- Three full bathrooms in a two‑story layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,017
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,340
$780.3K
Cap Rate 7%
$557,386
$557.4K
Cap Rate 9%
$433,522
$433.5K
Market Conditions
NOI Build-Up for 1,961 SF
Gross rent
$74.8K $38.16/SF
− Vacancy
−$3.9K −$1.98/SF
EGI
$70.9K $36.18/SF
− OpEx
−$31.9K −$16.28/SF
NOI
$39.0K $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%
$780,340
Cap Rate 7%
$557,386
Cap Rate 9%
$433,522
Alternative Uses
Best Use
Multifamily LT 5
$592.8K
$518.7K – $691.6K
NOI $41,495 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$557.4K
$487.7K – $650.3K
NOI $39,017 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,263 @ 7.0% cap · market cap 18.06%
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
212
Businesses Nearby
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Business Placement
Demographics for 01464, MA
7,427
Population
2,512
Households
3
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
15.1 sq mi
ZIP Area
492
Density / Sq Mi
$121,875
Median Household Income
$73,721
Median Earnings
$1,189
Median Rent
$412,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-story layout includes three full bathrooms and a lower-level area described as having potential for an in-law unit.
Where is this duplex located?
The property is located at 75 Chapel St Shirley, MA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,961 square feet of living space; Lower level described as having potential for an in‑law unit; Three full bathrooms in a two‑story layout
