Duplex with Fenced Yard and
For Sale
$315,000
120-R North Street, Ware, MA 01082
Duplex with one occupied oil-heated unit and a vacant electric-heated 3-bedroom unit, plus fenced yard and two-car garage.
Property Size1,980 SF
Price / SF$159.09
Days on Market9
Property Features for 120-R North Street
General Information
Standard status
Active
Size
1,980 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
REMAX Connections - Easthampton
(413) 310-0715
Listed By:
Scott Fontaine
(413) 310-0715
Source:
Lockandkeyre
Added: Jul 24
Changed: Jul 27
Last Checked: Aug 1 at 5:07AM
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
Investment Insights
Based on property information with market context.
This duplex includes two units with separate heating systems. The first unit has oil heat and offers 4 bedrooms. The second unit is vacant and has electric heat, offering 3 bedrooms.
The property features a small fenced yard and a two-car garage. It is set back from the street down a private driveway with little to no traffic.
Both units are configured as residential income units within the duplex structure, providing a two-tenant setup on the same site.
The property features a small fenced yard and a two-car garage. It is set back from the street down a private driveway with little to no traffic.
Both units are configured as residential income units within the duplex structure, providing a two-tenant setup on the same site.
Key Highlights
- Duplex built in 1890 with one occupied unit and one vacant unit
- Occupied unit: oil heat with 4 bedrooms
- Vacant unit: electric heat with 3 bedrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $21.60 |
| − Vacancy | −$1.9k | −$0.96 |
| EGI | $40.9k | $20.64 |
| − OpEx | −$12.3k | −$6.19 |
| NOI | $28.6k | $14.45 |
1,980 SF · lease $21.60/SF/yr · vacancy 4.46% · expense 30.00%
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.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
105
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with one occupied oil-heated unit and a vacant electric-heated 3-bedroom unit, plus fenced yard and two-car garage.
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 one occupied unit and one vacant unit; Occupied unit: oil heat with 4 bedrooms; Vacant unit: electric heat with 3 bedrooms
