Two-Unit Duplex with Third-Floor
106-108 Jones Rd, Hopedale, MA 01747
For Sale
$685,000
Each residence offers four bedrooms, with hardwood and tile flooring throughout the property.
Property Size2,376 SF
Price / SF$288.30
Days on Market11
Property Features for 106-108 Jones Rd
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
additional storage space
Building Details
Year Built
Listing Agency:
Afonso Real Estate
(508) 478-7286
Listed By:
Sara Pellegrini
(508) 981-8290
Source:
Lockandkeyre
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:36AM
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 Afonso Real Estate
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Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two residences, each with four bedrooms. Hardwood and tile flooring, rooms with fresh paint, and additional storage on the third floor are among the property’s interior features. The lot is described as large, providing outdoor space alongside the two-unit layout.
The property is in Hopedale, with access to walking trails, schools, a library, Hopedale Pond, and the Hopedale Community House. A nearby park includes a playground, ball field, tennis and basketball courts, bocce courts, and a bandstand.
The property is in Hopedale, with access to walking trails, schools, a library, Hopedale Pond, and the Hopedale Community House. A nearby park includes a playground, ball field, tennis and basketball courts, bocce courts, and a bandstand.
Key Highlights
- Two‑unit property with four bedrooms in each residence
- Built in 1910
- Hardwood and tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,118
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,360
$642.4K
Cap Rate 7%
$458,829
$458.8K
Cap Rate 9%
$356,867
$356.9K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$47.0K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$45.9K $19.31/SF
− OpEx
−$13.8K −$5.79/SF
NOI
$32.1K $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%
$642,360
Cap Rate 7%
$458,829
Cap Rate 9%
$356,867
Alternative Uses
Best Use
Multifamily LT 5
$458.8K
$401.5K – $535.3K
NOI $32,118 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$399.3K
$349.4K – $465.9K
NOI $27,951 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$811.4K
$710.0K – $946.6K
NOI $56,796 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 01747, MA
6,017
Population
2,320
Households
2.6
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
1,157
Density / Sq Mi
$115,216
Median Household Income
$55,917
Median Earnings
$1,819
Median Rent
$456,000
Median Home Value
Market
Average Price Trend$/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 - Each residence offers four bedrooms, with hardwood and tile flooring throughout the property.
Where is this duplex located?
The property is located at 106-108 Jones Rd Hopedale, MA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Two‑unit property with four bedrooms in each residence; Built in 1910; Hardwood and tile flooring
