What is the estimated cap rate for 8 Canal Street, Westford, MA 01886?

Based on rent reported on the MLS listing, 8 Canal Street, Westford, MA 01886 (2 units) has an estimated 3.51% cap rate at its $529,900 list price, assuming $2,700/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 8 Canal Street, Westford, MA 01886?

The MLS listing reports about $2,700/month in total rent for a 2-unit multi-family in 01886. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

2 Days on market

8 Canal Street Westford — Photo 1 of 28

$529,900

Investment Analysis — 8 Canal Street

Westford, MA 01886

Based on rent reported on the MLS listing, a 2-unit multi-family in 01886 carries $2,700/mo in gross rent — about a 3.51% cap rate and $18,576/yr in estimated NOI at the $529,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,816

Style

2 Family - 2 Units Side by Side

Built

1913

Investor Alert! Fantastic value-add opportunity in desirable Forge Village, Westford! This charming 2-family home is bursting with potential and offers an ideal project for seasoned investors, savvy contractors, or owner-occupants looking to build substantial equity. Each unit features 2 bedrooms and 1 full bath with bright, functional layouts, Current rents are well below market value, offering strong upside and significantly higher rental income potential for each unit in the future.The property is priced to sell and sold as-is, offering a blank canvas for your own vision. Conveniently located just minutes from parks, trails, shopping, and Westford’s top-rated schools, this property combines small-town charm with excellent market demand. Buyer to perform all due diligence. Bring your toolkit and your vision to transform this hidden gem!The sale is as-is due to a failed septic system.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$529,900

Annual Taxes$6,048

Parking

Garage0

Off-Street4

Interior Specifications

Total Rooms9

FireplacesNone

FlooringVinyl, Carpet, Concrete

BasementInterior Entry, Bulkhead, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas

CoolingNone

WaterPublic

SewerPublic Sewer, Private Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)

RoofShingle

FoundationGranite

ZoningRB

Property & Lot

Acres0.19

SqFt Lot8,176

Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Listing Provided By

Listing Agent: Margaret Perkins

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73577850