North Brookfield Multifamily Investment
For Sale
$525,000
Pending
10 Rufus Putnam Rd, North Brookfield, MA 01535
Four-unit multifamily property on over 3 acres in North Brookfield.
Property Size3,000 SF
Lot Size3.28 Acres
Days on Market322
Property Features for 10 Rufus Putnam Rd
General Information
Standard status
Pending
Size
3,000 SF
Lot size
3.28 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$3,183
Building Details
Building Size
3,000 SF
Year Built
1850
Stories
5
Units
4
Listed By:
Daniel A. Palacios
(508) 615-7811
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 6
Last Checked: Oct 14 at 11:24PM
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 Daniel A. Palacios
Investment Insights
Based on property information with market context.
This four-family home in North Brookfield is situated on over 3 acres of land. Each unit is generously sized and includes appliances. The first-floor unit features a large kitchen and living room, along with a walk-in closet in the master bedroom and two additional bedrooms. The second-floor right unit offers an oversized kitchen, a large living room area, and two bedrooms. The third unit is split into two levels and benefits from new skylights that provide ample sunlight. The basement studio, designated as Unit 1, has been recently renovated. The property is located off Routes 67 and 148 in a peaceful, country setting and includes a large two-car garage for additional storage. The building is fully rented and offers a cap rate of over 9% for investors.
Key Highlights
- 9%+ Cap Rate - great for investors!
- Fully rented building
- 4‑family home on over 3 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,553
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,060
$811.1K
Cap Rate 7%
$579,329
$579.3K
Cap Rate 9%
$450,589
$450.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$59.4K $19.80/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$57.9K $19.31/SF
− OpEx
−$17.4K −$5.79/SF
NOI
$40.6K $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%
$811,060
Cap Rate 7%
$579,329
Cap Rate 9%
$450,589
Alternative Uses
Best Use
Multifamily LT 5
$579.3K
$506.9K – $675.9K
NOI $40,553 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$504.2K
$441.2K – $588.2K
NOI $35,292 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$1.02M
$896.4K – $1.20M
NOI $71,712 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 01535, MA
4,735
Population
2,163
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
95%
High-School Grad
21.3 sq mi
ZIP Area
222
Density / Sq Mi
$81,010
Median Household Income
$55,393
Median Earnings
$973
Median Rent
$316,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property on over 3 acres in North Brookfield.
Where is this quadplex located?
The property is located at 10 Rufus Putnam Rd North Brookfield, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 9%+ Cap Rate - great for investors!; Fully rented building; 4‑family home on over 3 acres
