2-Unit Duplex with Private
For Sale
$565,000
Pending
10 Epping St., Millbury, MA 01527
Two vacant residences offer a flexible owner-occupant or investor configuration with separate driveways and basement utility space.
Property Size2,352 SF
Days on Market193
Property Features for 10 Epping St.
General Information
Standard status
Pending
Size
2,352 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Zoning
unk
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
stainless steel appliances
island
hardwood flooring
basement
half bath
private yard
fire pit
Building Details
Building Size
2,352 SF
Year Built
1930
Buildings
1
Stories
2
Listing Agency:
RE/MAX Generations
Listed By:
Monique Frigon
(413) 404-7826
Source:
Cjbarrett
Added: Apr 8
Changed: Aug 29
Last Checked: May 28 at 5:47AM
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 RE/MAX Generations
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Investment Insights
Based on property information with market context.
This 1930-built duplex contains two separate residences, each with two bedrooms and one full bathroom. The property provides 2,352 square feet of living space, with both units scheduled for delivery vacant at closing. Interior features include stainless steel appliances and an island in the first-floor kitchen, hardwood flooring in the living room, and a basement with utility, storage, additional flexible space, and a half bath.
Exterior features include a private yard with a fire pit and separate driveways. The property is positioned in a neighborhood setting with commuter access to major highways, supporting both owner-occupant and investor use as described for the offering.
Exterior features include a private yard with a fire pit and separate driveways. The property is positioned in a neighborhood setting with commuter access to major highways, supporting both owner-occupant and investor use as described for the offering.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath in each unit
- Both units delivered vacant at closing
- 2,352 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,794
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,880
$635.9K
Cap Rate 7%
$454,200
$454.2K
Cap Rate 9%
$353,267
$353.3K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$46.6K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$45.4K $19.31/SF
− OpEx
−$13.6K −$5.79/SF
NOI
$31.8K $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%
$635,880
Cap Rate 7%
$454,200
Cap Rate 9%
$353,267
Alternative Uses
Best Use
Multifamily LT 5
$454.2K
$397.4K – $529.9K
NOI $31,794 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$395.3K
$345.9K – $461.2K
NOI $27,669 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 01527, MA
13,799
Population
5,603
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
94%
High-School Grad
15.6 sq mi
ZIP Area
885
Density / Sq Mi
$116,000
Median Household Income
$62,911
Median Earnings
$1,507
Median Rent
$415,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer a flexible owner-occupant or investor configuration with separate driveways and basement utility space.
Where is this duplex located?
The property is located at 10 Epping St. Millbury, MA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bath in each unit; Both units delivered vacant at closing; 2,352 square feet of living space
