Duplex with Renovated
New
For Sale
$499,999
116 West Main St., Ayer, MA 01432
One apartment was renovated in 2025 with a refreshed kitchen, flooring, paint, and finishes.
Property Size1,433 SF
Price / SF$348.92
Days on Market5
Property Features for 116 West Main St.
General Information
Standard status
Active
Size
1,433 SF
Total Parking Spaces
4
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
yard
Building Details
Building Size
1,433 SF
Year Built
1880
Buildings
1
Listing Agency:
Cameron Prestige, LLC
(857) 331-5127
Listed By:
Debbie Connolly
(978) 399-8351
Source:
Iverty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 10:12AM
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 Cameron Prestige, LLC
Investment Insights
Based on property information with market context.
Built in 1880, this 1,433-square-foot duplex contains two separate apartments, each with two bedrooms and one bathroom. The first apartment underwent renovation in 2025, including a white kitchen, new flooring, fresh paint, and updated finishes. The second apartment is smaller than the first.
The property includes a yard and driveway parking for approximately 3–4 vehicles. Its two-unit layout offers separate living spaces, with outdoor space and off-street parking on site.
The property includes a yard and driveway parking for approximately 3–4 vehicles. Its two-unit layout offers separate living spaces, with outdoor space and off-street parking on site.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,433 square feet; built in 1880
- First apartment renovated in 2025 with a white kitchen, new flooring, paint, and updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,323
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,460
$606.5K
Cap Rate 7%
$433,186
$433.2K
Cap Rate 9%
$336,922
$336.9K
Market Conditions
NOI Build-Up for 1,433 SF
Gross rent
$45.6K $31.80/SF
− Vacancy
−$2.3K −$1.57/SF
EGI
$43.3K $30.23/SF
− OpEx
−$13.0K −$9.07/SF
NOI
$30.3K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,460
Cap Rate 7%
$433,186
Cap Rate 9%
$336,922
Alternative Uses
Best Use
Multifamily LT 5
$433.2K
$379.0K – $505.4K
NOI $30,323 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$848.3K
$742.3K – $989.7K
NOI $59,383 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 01432, MA
8,221
Population
3,770
Households
2.2
Avg Household Size
43
Median Age
41%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
967
Density / Sq Mi
$105,142
Median Household Income
$66,659
Median Earnings
$1,373
Median Rent
$419,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One apartment was renovated in 2025 with a refreshed kitchen, flooring, paint, and finishes.
Where is this duplex located?
The property is located at 116 West Main St. Ayer, MA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,433 square feet; built in 1880; First apartment renovated in 2025 with a white kitchen, new flooring, paint, and updated finishes
