Duplex with Updated
New
For Sale
$629,900
124 Pleasant Street, Leicester, MA 01524
Two separate residences offer spacious layouts, renovated bathrooms, and off-street parking.
Property Size2,730 SF
Price / SF$230.73
Days on Market6
Property Features for 124 Pleasant Street
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Dell Realty Inc.
Listed By:
Lilian Regia Davis · License #456014273
(508) 361-3141
Source:
Foster-healey
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 8:18AM
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 Dell Realty Inc.
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Investment Insights
Based on property information with market context.
This two-unit property contains 2,730 square feet across flexible living spaces, with large bedrooms in both residences. Each unit has an updated kitchen with granite countertops and a renovated bathroom. The building dates to 1900.
The property is located at 124 Pleasant St in Leicester, Massachusetts. Off-street parking and a yard are among its site features.
The property is located at 124 Pleasant St in Leicester, Massachusetts. Off-street parking and a yard are among its site features.
Key Highlights
- Two‑unit duplex with 2,730 square feet
- Updated kitchens with granite countertops in both units
- Renovated bathrooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,903
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,060
$738.1K
Cap Rate 7%
$527,186
$527.2K
Cap Rate 9%
$410,033
$410.0K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$54.1K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$52.7K $19.31/SF
− OpEx
−$15.8K −$5.79/SF
NOI
$36.9K $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%
$738,060
Cap Rate 7%
$527,186
Cap Rate 9%
$410,033
Alternative Uses
Best Use
Multifamily LT 5
$527.2K
$461.3K – $615.1K
NOI $36,903 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$458.8K
$401.5K – $535.3K
NOI $32,116 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$932.3K
$815.7K – $1.09M
NOI $65,258 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 01524, MA
6,621
Population
2,448
Households
2.7
Avg Household Size
43
Median Age
31%
College-Educated
91%
High-School Grad
15.9 sq mi
ZIP Area
416
Density / Sq Mi
$93,191
Median Household Income
$52,881
Median Earnings
$1,055
Median Rent
$390,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer spacious layouts, renovated bathrooms, and off-street parking.
Where is this duplex located?
The property is located at 124 Pleasant Street Leicester, MA.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,730 square feet; Updated kitchens with granite countertops in both units; Renovated bathrooms in both residences
