
24 Asylum St Milford — Photo 1 of 19
$449,000
Investment Analysis — 24 Asylum St
Milford, MA 01757
Based on HUD Small Area Fair Market Rent for Eastern Worcester County, MA HUD Metro FMR Area, a home in 01757 carries an estimated $1,570/mo in gross rent — about a 2.15% cap rate and $9,641/yr in estimated NOI at the $449,000 list price. Adjust every assumption in the calculator below.
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Built
1988
Prime Professional Office Opportunity in Milford. Currently being utilized as a single Unit building the property is deeded as two separate units providing greater revenue potential. Excellent opportunity to own a well-established professional office property at 24 Asylum Street in Milford. Conveniently located just off the downtown area with easy access to major routes, local businesses, restaurants, municipal offices and area amenities, this property offers an attractive option for an owner-user, investor, or professional practice.The building is currently utilized as professional law offices and offers a functional layout well suited for attorneys, accountants, financial services, medical or other professional office users. The property provides a combination of private offices, meeting/conference space, reception and common areas, allowing for flexibility for a variety of business needs.A major advantage is the opportunity for a buyer to occupy all or a portion of the property while potentially generating rental income from additional office space. The existing professional use also provides a strong foundation for an investor seeking an established commercial property in the Milford market.Located minutes from Milford's downtown business district and offering convenient access to Route 16, Route 140 and I-495, the property is positioned to serve clients and employees throughout the MetroWest and surrounding communities.Whether you're looking to establish your own professional headquarters, expand an existing business, or add a commercial property to your investment portfolio, 24 Asylum Street offers location, flexibility and long-term potential in the heart of Milford.
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.
Property Details
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Listing Agent: Scott Savage
Listing Office: Savage Edge Realty LLC
MLS® Number: 73567725