Residential Income Property with
For Sale
$519,900
11 Peters Farm Way, Westborough, MA 01581
A third-floor residence pairs elevator access with a private balcony and deeded heated garage parking.
Property Size1,326 SF
Price / SF$392.08
Days on Market137
Property Features for 11 Peters Farm Way
General Information
Standard status
Active
Size
1,326 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
private balcony
Range
Oven
Dishwasher
Microwave
Refrigerator
Washer
Dryer
Central Air
Carpet
Hardwood
Forced Air, Natural Gas
1.0 Story
$8,122 Taxes
Public
Built in 2020
Building Details
Year Built
2020
Listing Agency:
Panarelli Properties, Inc.
(508) 718-9003
Listed By:
Justin Panarelli · License #9587973
(508) 754-3020
Source:
Donahuere
Added: May 22
Changed: Oct 3
Last Checked: Oct 4 at 6:17AM
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 Panarelli Properties, Inc.
Investment Insights
Based on property information with market context.
Built in 2020, this 1,326-square-foot residence has an open kitchen, living, and dining arrangement. The kitchen includes upgraded cabinetry, quartz countertops, and an island. High ceilings and storage add to the interior features, while a private balcony extends the living area outdoors. Deeded heated garage parking is included, and elevator access serves the third-floor home.
The residence is in Del Webb Chauncy Lake, a 55+ community at 11 Peters Farm Way in Westborough, Massachusetts.
The residence is in Del Webb Chauncy Lake, a 55+ community at 11 Peters Farm Way in Westborough, Massachusetts.
Key Highlights
- 1,326 square feet; built in 2020
- Deeded heated garage parking
- Third‑floor residence with elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,599
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,980
$312.0K
Cap Rate 7%
$222,843
$222.8K
Cap Rate 9%
$173,322
$173.3K
Market Conditions
NOI Build-Up for 1,326 SF
Gross rent
$29.1K $21.96/SF
− Vacancy
−$757 −$0.57/SF
EGI
$28.4K $21.39/SF
− OpEx
−$12.8K −$9.63/SF
NOI
$15.6K $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%
$311,980
Cap Rate 7%
$222,843
Cap Rate 9%
$173,322
Alternative Uses
Best Use
Apartment 5plus
$222.8K
$195.0K – $260.0K
NOI $15,599 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.8K
$396.2K – $528.3K
NOI $31,697 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 01581, MA
21,567
Population
8,407
Households
2.6
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
20.6 sq mi
ZIP Area
1,047
Density / Sq Mi
$134,474
Median Household Income
$82,045
Median Earnings
$2,038
Median Rent
$637,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A third-floor residence pairs elevator access with a private balcony and deeded heated garage parking.
Where is this residential income property located?
The property is located at 11 Peters Farm Way Westborough, MA.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: 1,326 square feet; built in 2020; Deeded heated garage parking; Third‑floor residence with elevator access
