Side-by-Side Duplex with Screened
New
For Sale
$550,000
111 Main Street, Holden, MA 01520
Two separate fenced yards and a shared driveway accompany this two-unit residence on Main Street in Holden.
Property Size1,500 SF
Price / SF$366.67
Days on Market7
Property Features for 111 Main Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
screened in porch
deck
fenced yard
partially finished basement
mini splits
Building Details
Year Built
1972
Buildings
1
Construction
ranch
Listing Agency:
Janice Mitchell R.E.,Inc
Listed By:
Beth Donaghy
(508) 797-7565
Source:
Foster-healey
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 30 at 7:04PM
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 Janice Mitchell R.E.,Inc
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Investment Insights
Based on property information with market context.
This 1972 duplex contains 1,500 square feet and is arranged as two side-by-side units. Each has two bedrooms, one full bathroom, an eat-in kitchen, a living room, and a screened porch. A new deck and separate fenced yards add outdoor areas for both units. One side has mini-split systems, and the basement is partially finished. The building also has two oil tanks, two furnaces, and separate electrical panels.
A shared driveway provides parking and sits back from Main Street in Holden. The two-unit layout, separate outdoor spaces, and distinct electrical panels are among the property's practical features.
A shared driveway provides parking and sits back from Main Street in Holden. The two-unit layout, separate outdoor spaces, and distinct electrical panels are among the property's practical features.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom
- 1,500‑square‑foot property built in 1972
- Each unit includes an eat‑in kitchen, living room, and screened porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,276
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,520
$405.5K
Cap Rate 7%
$289,657
$289.7K
Cap Rate 9%
$225,289
$225.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$29.7K $19.80/SF
− Vacancy
−$734 −$0.49/SF
EGI
$29.0K $19.31/SF
− OpEx
−$8.7K −$5.79/SF
NOI
$20.3K $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%
$405,520
Cap Rate 7%
$289,657
Cap Rate 9%
$225,289
Alternative Uses
Best Use
Multifamily LT 5
$289.7K
$253.5K – $337.9K
NOI $20,276 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,646 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$512.2K
$448.2K – $597.6K
NOI $35,856 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 01520, MA
16,394
Population
5,946
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
96%
High-School Grad
18.8 sq mi
ZIP Area
872
Density / Sq Mi
$147,582
Median Household Income
$77,719
Median Earnings
$1,578
Median Rent
$444,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate fenced yards and a shared driveway accompany this two-unit residence on Main Street in Holden.
Where is this duplex located?
The property is located at 111 Main Street Holden, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom; 1,500‑square‑foot property built in 1972; Each unit includes an eat‑in kitchen, living room, and screened porch
