Duplex with Updated
1 Elm St, Oxford, MA 01540
For Sale
$359,900
Two separate apartments offer flexibility for rental income or owner occupancy in an accessible Oxford setting.
Property Size1,144 SF
Price / SF$314.60
Days on Market53
Property Features for 1 Elm St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Lamacchia Realty, Inc.
Listed By:
We Close Deals Team
(508) 612-0821
Source:
Laerrealty
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 8 at 3:08AM
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 Lamacchia Realty, Inc.
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Investment Insights
Based on property information with market context.
Located at 1 Elm St in Oxford, this up-and-down duplex contains 1,144 square feet and was built in 1950. The property includes two independent apartments, each arranged with one bedroom and one full bathroom, along with practical living areas suited to residential use. New windows have been installed throughout, and the roof is approximately 10 years old.
The property is near Main Street Oxford, placing restaurants, shopping, everyday services, and community amenities within the surrounding area. Interstate 395 is also nearby, providing access toward Worcester, Connecticut, and other employment centers. R3 zoning supports the property's duplex configuration.
The property is near Main Street Oxford, placing restaurants, shopping, everyday services, and community amenities within the surrounding area. Interstate 395 is also nearby, providing access toward Worcester, Connecticut, and other employment centers. R3 zoning supports the property's duplex configuration.
Key Highlights
- Two‑unit duplex with 1,144 square feet
- Each apartment includes 1 bedroom and 1 full bathroom
- New windows installed throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,464
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,280
$309.3K
Cap Rate 7%
$220,914
$220.9K
Cap Rate 9%
$171,822
$171.8K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$22.7K $19.80/SF
− Vacancy
−$559 −$0.49/SF
EGI
$22.1K $19.31/SF
− OpEx
−$6.6K −$5.79/SF
NOI
$15.5K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,280
Cap Rate 7%
$220,914
Cap Rate 9%
$171,822
Alternative Uses
Best Use
Multifamily LT 5
$220.9K
$193.3K – $257.7K
NOI $15,464 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$192.3K
$168.2K – $224.3K
NOI $13,458 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$390.7K
$341.8K – $455.8K
NOI $27,346 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 01540, MA
11,032
Population
4,337
Households
2.5
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
578
Density / Sq Mi
$118,389
Median Household Income
$52,248
Median Earnings
$1,135
Median Rent
$346,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Worcester County, MA
Properties on Market for Duplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer flexibility for rental income or owner occupancy in an accessible Oxford setting.
Where is this duplex located?
The property is located at 1 Elm St Oxford, MA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,144 square feet; Each apartment includes 1 bedroom and 1 full bathroom; New windows installed throughout
