Two-Unit Duplex with
New
For Sale
$700,000
11 Paul Street, Auburn, MA 01501
Separate residences offer a screened porch, fireplace, and varied interior layouts.
Property Size2,413 SF
Price / SF$290.10
Days on Market6
Property Features for 11 Paul Street
General Information
Standard status
Active
Size
2,413 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 3BR
Multifamily Units
2
Building Details
Year Built
1954
Buildings
1
Listing Agency:
Real Broker MA,LLC
Listed By:
The Mazraani Team
(508) 823-9400
Source:
Ballowhutchinsonrealestate
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 9:13PM
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 Real Broker MA,LLC
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Investment Insights
Based on property information with market context.
At 11 Paul St in Auburn, this 2,413-square-foot duplex dates to 1954 and contains two residences. The two-bedroom unit has 1.5 baths, an updated kitchen, vaulted living-room ceilings, a loft, and a screened porch. The three-bedroom unit includes a living room with a fireplace, an eat-in kitchen, a dining area, and a porch overlooking a partially fenced yard.
Improvements include updated flooring and lighting, motion-activated closet lights, a 200-amp electrical panel, and bedroom heat pumps for heating and air conditioning in the two-level unit. A partially finished basement provides recreation, exercise, and storage areas. The property is zoned R.
Improvements include updated flooring and lighting, motion-activated closet lights, a 200-amp electrical panel, and bedroom heat pumps for heating and air conditioning in the two-level unit. A partially finished basement provides recreation, exercise, and storage areas. The property is zoned R.
Key Highlights
- Two residences with two and three bedrooms
- 2,413 square feet; built in 1954
- Two‑bedroom unit has 1.5 baths, vaulted ceilings, a loft, and a screened porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,618
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,360
$652.4K
Cap Rate 7%
$465,971
$466.0K
Cap Rate 9%
$362,422
$362.4K
Market Conditions
NOI Build-Up for 2,413 SF
Gross rent
$47.8K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$46.6K $19.31/SF
− OpEx
−$14.0K −$5.79/SF
NOI
$32.6K $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%
$652,360
Cap Rate 7%
$465,971
Cap Rate 9%
$362,422
Alternative Uses
Best Use
Multifamily LT 5
$466.0K
$407.7K – $543.6K
NOI $32,618 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,386 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$824.0K
$721.0K – $961.3K
NOI $57,680 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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Business Placement
Demographics for 01501, MA
16,731
Population
7,040
Households
2.4
Avg Household Size
44
Median Age
42%
College-Educated
93%
High-School Grad
15.3 sq mi
ZIP Area
1,094
Density / Sq Mi
$101,929
Median Household Income
$62,296
Median Earnings
$1,241
Median Rent
$363,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer a screened porch, fireplace, and varied interior layouts.
Where is this duplex located?
The property is located at 11 Paul Street Auburn, MA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two residences with two and three bedrooms; 2,413 square feet; built in 1954; Two‑bedroom unit has 1.5 baths, vaulted ceilings, a loft, and a screened porch
