Two-Unit Duplex with Private
For Sale
$739,000
85 W Main St, Georgetown, MA 01833
Renovated two-story property with separate rental access and dedicated driveway parking.
Property Size2,180 SF
Lot Size0.33 Acres
Price / SF$338.99
Days on Market230
Property Features for 85 W Main St
General Information
Standard status
Active
Size
2,180 SF
Total Parking Spaces
6
Lot size
0.33 Acres
Property subtype
Multi-Family
Zoning
res
Amenities
Hot Water, Oil, Unit Control, Baseboard, Natural Gas, Individual
Washer & Dryer Hookup, Washer Hookup
Wood, Tile, Varies, Hardwood, Stone/Ceramic Tile
Range, Dishwasher, Microwave, Refrigerator
Storage, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
No
Shingle
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Conservation Area, Highway Access, Private School
for Electric Range, Washer Hookup
6
Beach Access,Lake/Pond,Walk to,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)
Building Details
Building Size
2,180 SF
Year Built
1850
Stories
4
Listing Agency:
Churchill Properties
Listed By:
Valerie R. McGillivray · License #054244
(978) 360-4209
Source:
Reishomesearch
Added: Mar 14
Changed: Oct 25
Last Checked: Aug 31 at 10:08PM
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 Churchill Properties
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Investment Insights
Based on property information with market context.
This two-story duplex at 85 West Main Street includes a four-bedroom primary unit with one-and-a-half baths, along with a separate rental unit reached through its own entrance. The 2,180-square-foot property was built in 1850 and has been renovated with updated systems. Interior features include a living room, dining room, kitchen, upgraded cabinets and countertops, remodeled bath space, and basement storage. A security system, washer and dryer hookups, and a shed are also included.
The property occupies 14,210 square feet in Georgetown and includes private driveway parking associated with the rental unit. The site is described as a corner lot with level and gently sloping areas. Residential zoning supports the existing residential configuration, while public beach access and a nearby lake or pond add to the surrounding setting.
The property occupies 14,210 square feet in Georgetown and includes private driveway parking associated with the rental unit. The site is described as a corner lot with level and gently sloping areas. Residential zoning supports the existing residential configuration, while public beach access and a nearby lake or pond add to the surrounding setting.
Key Highlights
- Duplex configuration with a four‑bedroom main unit and separate rental unit
- 2,180 SF property built in 1850
- 14,210‑square‑foot lot in Georgetown, MA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,725
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,500
$734.5K
Cap Rate 7%
$524,643
$524.6K
Cap Rate 9%
$408,056
$408.1K
Market Conditions
NOI Build-Up for 2,180 SF
Gross rent
$54.9K $25.20/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$52.5K $24.07/SF
− OpEx
−$15.7K −$7.22/SF
NOI
$36.7K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,500
Cap Rate 7%
$524,643
Cap Rate 9%
$408,056
Alternative Uses
Best Use
Multifamily LT 5
$524.6K
$459.1K – $612.1K
NOI $36,725 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$473.6K
$414.4K – $552.5K
NOI $33,150 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,339 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,720
Businesses Nearby
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Business Placement
Demographics for 01833, MA
8,410
Population
3,220
Households
2.6
Avg Household Size
44
Median Age
54%
College-Educated
98%
High-School Grad
12.8 sq mi
ZIP Area
657
Density / Sq Mi
$153,565
Median Household Income
$78,497
Median Earnings
$1,973
Median Rent
$614,700
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 - Renovated two-story property with separate rental access and dedicated driveway parking.
Where is this duplex located?
The property is located at 85 W Main St Georgetown, MA.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Duplex configuration with a four‑bedroom main unit and separate rental unit; 2,180 SF property built in 1850; 14,210‑square‑foot lot in Georgetown, MA
