Two-Unit Residential
For Sale
$315,000
120-r North Street, Ware, MA 01082
Duplex features two separate units with a small fenced yard and two-car garage under oil and electric heating systems.
Property Size1,980 SF
Price / SF$159.09
Days on Market114
Property Features for 120-r North Street
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Multi-family
Building Details
Year Built
1890
Listing Agency:
REMAX Connections - Easthampton
Listed By:
Scott Fontaine · License #452513705
(413) 310-0715
Source:
Murphyrealtors
Added: Jul 11
Changed: Oct 25
Last Checked: Nov 1 at 6:08AM
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 REMAX Connections - Easthampton
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex offers two separate units. The first unit has oil heat and provides four bedrooms. The second unit is currently vacant and has electric heat, with three bedrooms. The property also includes a small fenced yard and a two-car garage.
The duplex is tucked down a private driveway with little to no traffic.
Overall, it presents a straightforward two-unit residential income setup with a shared site plan that includes outdoor space and enclosed parking.
The duplex is tucked down a private driveway with little to no traffic.
Overall, it presents a straightforward two-unit residential income setup with a shared site plan that includes outdoor space and enclosed parking.
Key Highlights
- Duplex built in 1890 with two separate units
- First unit: oil heat, 4 bedrooms
- Second unit (vacant): electric heat, 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,602
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,040
$572.0K
Cap Rate 7%
$408,600
$408.6K
Cap Rate 9%
$317,800
$317.8K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$42.8K $21.60/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$40.9K $20.64/SF
− OpEx
−$12.3K −$6.19/SF
NOI
$28.6K $14.45/SF
Area
Hampshire County, MA
Vacancy
4.46%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,040
Cap Rate 7%
$408,600
Cap Rate 9%
$317,800
Alternative Uses
Best Use
Multifamily LT 5
$408.6K
$357.5K – $476.7K
NOI $28,602 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$373.6K
$326.9K – $435.9K
NOI $26,153 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,405 @ 7.0% cap · market cap 26.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 01082, MA
10,565
Population
5,021
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
47.0 sq mi
ZIP Area
225
Density / Sq Mi
$71,023
Median Household Income
$49,991
Median Earnings
$1,049
Median Rent
$271,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex features two separate units with a small fenced yard and two-car garage under oil and electric heating systems.
Where is this duplex located?
The property is located at 120-r North Street Ware, MA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Duplex built in 1890 with two separate units; First unit: oil heat, 4 bedrooms; Second unit (vacant): electric heat, 3 bedrooms
