Two-Unit Duplex with Attic
For Sale
$450,000
102 Sycamore Street, Millbury, MA 01527
Up-and-down residential income property with matching two-bedroom layouts, separate outdoor spaces, and a fenced rear yard.
Property Size2,276 SF
Price / SF$197.72
Days on Market67
Property Features for 102 Sycamore Street
General Information
Standard status
Active
Size
2,276 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1830
Listing Agency:
Coldwell Banker Realty - Worcester
Listed By:
Karen Russo · License #453010872
(508) 614-8744
Source:
Foster-healey
Added: Aug 26
Changed: Oct 31
Last Checked: Oct 30 at 6:16PM
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 Coldwell Banker Realty - Worcester
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Investment Insights
Based on property information with market context.
Built in 1830, this 2,276-square-foot duplex at 102 Sycamore Street provides two vertically arranged apartments with similar layouts. Each unit includes 2 bedrooms, a living room, kitchen, and dining area. The first-floor apartment has 1.5 baths and a small deck, while the second-floor unit has 1 bath and a balcony. Gas heat serves the property, and the full walk-up attic adds storage capacity.
The property sits on an easy-to-maintain lot with a small fenced rear yard and shed. Its Millbury location offers access to Rt 146 and nearby amenities, supporting commuter convenience. The configuration accommodates either an investment or owner-occupied use, as described for the property.
The property sits on an easy-to-maintain lot with a small fenced rear yard and shed. Its Millbury location offers access to Rt 146 and nearby amenities, supporting commuter convenience. The configuration accommodates either an investment or owner-occupied use, as described for the property.
Key Highlights
- Two‑unit duplex with 2,276 square feet of building area
- Each apartment features 2 bedrooms, a living room, kitchen, and dining area
- First‑floor unit includes 1.5 baths and a small deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,766
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,320
$615.3K
Cap Rate 7%
$439,514
$439.5K
Cap Rate 9%
$341,844
$341.8K
Market Conditions
NOI Build-Up for 2,276 SF
Gross rent
$45.1K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$44.0K $19.31/SF
− OpEx
−$13.2K −$5.79/SF
NOI
$30.8K $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%
$615,320
Cap Rate 7%
$439,514
Cap Rate 9%
$341,844
Alternative Uses
Best Use
Multifamily LT 5
$439.5K
$384.6K – $512.8K
NOI $30,766 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$382.5K
$334.7K – $446.3K
NOI $26,775 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$777.2K
$680.1K – $906.8K
NOI $54,406 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
168
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Up-and-down residential income property with matching two-bedroom layouts, separate outdoor spaces, and a fenced rear yard.
Where is this duplex located?
The property is located at 102 Sycamore Street Millbury, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,276 square feet of building area; Each apartment features 2 bedrooms, a living room, kitchen, and dining area; First‑floor unit includes 1.5 baths and a small deck
