38-40 Talbot Ave Billerica, MA 01862
Estimated payment $5,374/month
Highlights
- Property is near public transit
- Living Room
- Forced Air Heating System
- Home Office
- Park
- Dining Room
About This Home
Incredible opportunity to own a fully tenanted three family in a convenient Billerica location minutes to the MBTA Commuter Rail, major routes, and local amenities. With strong rental income and flexible tenant at will arrangements, this property is ideal for investors or future owner occupants. Unit 38A offers 2 bedrooms & an updated bath with a bright, efficient layout that appeals to long term renters. Unit 38B includes 2 bedrooms, 1 bath, and a finished third floor walk up attic currently used as a bedroom. Unit 40A, the largest, features 3 bedrooms and a walk-up attic with potential to finish. Current rents of $2,000, $2,100, and $2,700 generate a strong $81,600 in annual rental income. Whether you’re an investor looking to expand your portfolio or an owner occupant seeking rental income to offset costs, this is a rare and profitable find in a great Billerica location!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,615
Year Built
- Built in 1900
Lot Details
- Level Lot
Home Design
- Brick Foundation
- Stone Foundation
- Shingle Roof
Interior Spaces
- 3,085 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
- Home Office
- Range
- Unfinished Basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water other (see remarks)), unit 3(water other (see remarks))
- Assessor Parcel Number 366315
Community Details
Overview
- 3 Units
Recreation
- Park
Building Details
- Insurance Expense $3,234
- Water Sewer Expense $1,908
- Operating Expense $3,234
- Net Operating Income $78,366
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | For Sale | $899,000 | -- | $291 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73456520
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