Vacant Side-by-Side
98 Southville Road Southborough, MA 01772
98 Southville Road, Southborough, MA, 01772
$939,999
For Sale
$939,999
Turnkey duplex delivered vacant with private entrances, off-street parking, and recent roof, heat pump, and plumbing updates.
Property Size3,217 SF
Price / SF$292.20
Days on Market167
Property Features for 98 Southville Road
General Information
- Standard status
- Active
- Size
- 3,217 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1860
Listing agency
eXp Realty LLC
Listed by
Candor Investment Group
(781) 933-7200
Source
Jmulkerinrealty
Added: Feb 5 Updated: Jul 20 at 11:55PM Checked: Jul 22 at 7:50AM
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 LLC
Investment Insights
Based on property information with market context.
Delivered vacant and ready for occupancy or immediate rental, this turnkey side-by-side duplex offers two separate homes. Both units provide private entrances and functional layouts, with natural light throughout the living spaces. The property also includes off-street parking and backyard space for added day-to-day convenience.
Recent updates are highlighted by a new roof, heat pumps, water heaters, paved driveway, and updated electrical and plumbing. The current presentation supports owner-occupants who want to live in one unit while renting the other.
Located just a short walk to the Southborough commuter rail, the duplex is also described as being in a highly regarded school district. Projected market rents total approximately $6,350 per month. Open House Sunday 4/19 12:00–2:00 PM.
Recent updates are highlighted by a new roof, heat pumps, water heaters, paved driveway, and updated electrical and plumbing. The current presentation supports owner-occupants who want to live in one unit while renting the other.
Located just a short walk to the Southborough commuter rail, the duplex is also described as being in a highly regarded school district. Projected market rents total approximately $6,350 per month. Open House Sunday 4/19 12:00–2:00 PM.
Key Highlights
- Turnkey side‑by‑side duplex delivered vacant, with private entrances for each unit
- Projected market rents total approximately $6,350 per month
- Recent updates include a new roof, heat pumps, and water heaters
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 | $63.7k | $19.80 |
| − Vacancy | −$1.6k | −$0.49 |
| EGI | $62.1k | $19.31 |
| − OpEx | −$18.6k | −$5.79 |
| NOI | $43.5k | $13.52 |
3,217 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$621.2K
$543.6K – $724.8K
NOI $43,486 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$540.6K
$473.1K – $630.8K
NOI $37,845 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.10M
$961.2K – $1.28M
NOI $76,899 @ 7.0% cap · market cap 8.18%
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 - Turnkey duplex delivered vacant with private entrances, off-street parking, and recent roof, heat pump, and plumbing updates.
Where is this duplex located?
The property is located at 98 Southville Road Southborough, MA.
What is the asking price?
The asking price for this property is $939,999.
What are key features of this property?
This property features: Turnkey side‑by‑side duplex delivered vacant, with private entrances for each unit; Projected market rents total approximately $6,350 per month; Recent updates include a new roof, heat pumps, and water heaters
