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 Market101
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) 341-8080
Listed By:
Scott Fontaine · License #452513705
(413) 310-0715
Source:
Lockandkeyre
Added: Jul 24
Changed: Oct 31
Last Checked: Nov 1 at 4:57AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
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
Property Analytics
Lease Details
2
Residential units
Yes
Fenced yard
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 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
