38 Purchase St Milford — Photo 1 of 25
Recent Drop: $65,000
$430,000
Investment Analysis — 38 Purchase St
Milford, MA 01757
Based on rent reported on the MLS listing, a 2-unit multi-family in 01757 carries $1,000/mo in gross rent — about a 0.57% cap rate and $2,447/yr in estimated NOI at the $430,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,296
Style
Multi Family
Built
1877
Strong investment opportunity for contractors, value-add buyers, or an owner-occupant seeking income potential. This multi-family property offers excellent upside whether you plan to live in one unit and rent the others, pursue a flip, expand a rental portfolio, or explore a possible condo conversion. The home requires updating and restoration, making it well-suited for buyers looking to reposition a property and maximize returns. It is located near the town park with fitness areas, tennis courts, and basketball courts, as well as local schools, Milford Rail Trail Bike path and Milford Regional Medical Center. The location also provides easy access to I-495, Route 16, and Route 140. Property will be delivered vacant, and this is not a bank-owned property. Property is being sold AS IS. Seller may accept or reject any offer at their discretion. Book showings showing time or text list agent direct
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 MLS and other third-party data may be inaccurate or out of date.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
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Microwave • Refrigerator • Washer • Dryer
Geography
Property History
$430,000
Was $495,000
Aug 5, 2026
MLS® 73551085
$495,000
Jul 25, 2026
MLS® 73551085
Listing Agent: Donna Lapointe
Listing Office: Real Broker MA, LLC
MLS® Number: 73551085