Building Details

Building Size 2,332 SF

Year Built 1900

Stories 2

Listing Agency: ERA Key Realty Services - Worcester Show Phone

Listed By: Kelly Brown · License #454502402 Show Phone

Source: Churchillprop

Added: May 29 Changed: Oct 15 Last Checked: Oct 16 at 6:26AM

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Investment Insights

Based on property information with market context.

This two-unit duplex contains 2,332 square feet and was built in 1900. Each apartment includes 2 bedrooms, 1 full bathroom, a spacious living room, and a generously sized kitchen with cabinet and storage space. Separate laundry setups serve both units, while the interiors are described as well cared for and in good overall condition.

The property is situated on an oversized, level lot at 102 Liberty St in Athol, Massachusetts. A large barn adds an additional structure for restoration, storage, or workshop use. The property is zoned RA and includes outdoor space beyond the duplex itself.

Key Highlights

• Two‑unit duplex with 2 bedrooms and 1 full bathroom per apartment
• 2,332 square feet; built in 1900
• Separate laundry setups for both units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,434

Cap Rate

9.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$548,680 $548.7K

Cap Rate 7%

$391,914 $391.9K

Cap Rate 9%

$304,822 $304.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,332 SF

Gross rent

$51.2K $21.96/SF

− Vacancy

−$1.3K −$0.57/SF

EGI

$49.9K $21.39/SF

− OpEx

−$22.4K −$9.63/SF

NOI

$27.4K $11.76/SF

Area

Worcester County, MA

Vacancy

2.60%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$548,680

Cap Rate 7%

$391,914

Cap Rate 9%

$304,822

Alternative Uses

Best Use

Multifamily LT 5

$450.3K

$394.0K – $525.4K (±1% cap)

NOI $31,523 @ 7.0% cap · market cap 10.54%

Second Best

Apartment 5plus

$391.9K

$342.9K – $457.2K (±1% cap)

NOI $27,434 @ 7.0% cap · market cap 9.18%

Theoretical Best

Office A

$796.3K

$696.8K – $929.1K (±1% cap)

NOI $55,744 @ 7.0% cap · market cap 18.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Electrical Service Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

305

Businesses Nearby

Explore this area Business Placement

Demographics for 01331, MA

13,656

Population

6,050

Households

2.3

Avg Household Size

44

Median Age

21%

College-Educated

89%

High-School Grad

54.2 sq mi

ZIP Area

252

Density / Sq Mi

$68,345

Median Household Income

$42,132

Median Earnings

$1,041

Median Rent

$257,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Well-maintained duplex with separate laundry setups, spacious kitchens, and an expansive level lot.

Where is this duplex located?

The property is located at 102 Liberty St Athol, MA.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: Two‑unit duplex with 2 bedrooms and 1 full bathroom per apartment; 2,332 square feet; built in 1900; Separate laundry setups for both units