Renovated Two-Family with Extra
9-11 Central Ave Northbridge, MA 01534
9-11 Central Ave, Northbridge, MA, 01534
$674,900
Pending
For Sale
$674,900
Pending
Spacious, renovated two-family home with potential for conversion.
Property Size2,800 SF
Lot Size0.07 Acres
Days on Market91
Property Features for 9-11 Central Ave
General Information
- Standard status
- Pending
- Size
- 2,800 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1940
Listing agency
RE/MAX Synergy
(508) 857-5392
Listed by
Legacy Direct Realty Team
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 10 at 1:19PM Checked: Jul 20 at 4:28AM
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 RE/MAX Synergy
Investment Insights
Based on property information with market context.
This renovated two-family property, formerly a four-family, presents an opportunity for owner occupancy or investment. Situated on a quiet, private street, the property offers views of the Blackstone River. Original mechanicals, including four heating systems, four electrical meters, and four gas meters, have been kept intact, potentially allowing for conversion back to a four-family with proper permitting. The property includes an abutting 0.07-acre lot. Updates to the home include newer windows, brand-new maintenance-free vinyl siding, a newer roof, and new vinyl fencing. The property boasts two large, recently renovated 3-bedroom, 2-bath units, featuring LVP flooring throughout, fresh paint, updated kitchens, and renovated tiled bathrooms. Each unit has two full bathrooms and multiple private entrances. The front and back yards offer ample space for outdoor activities such as gardening and barbecues. The property size is 2800 square feet.
Key Highlights
- Massive, renovated 2‑family home with potential to convert back to a 4‑family (with proper permitting).
- Two large, recently renovated 3‑bedroom, 2‑bath units with updated kitchens and bathrooms.
- Includes an abutting .07‑acre lot, expanding the property's potential.
Local 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 | $55.4k | $19.80 |
| − Vacancy | −$1.4k | −$0.49 |
| EGI | $54.1k | $19.31 |
| − OpEx | −$16.2k | −$5.79 |
| NOI | $37.8k | $13.52 |
2,800 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$540.7K
$473.1K – $630.8K
NOI $37,849 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$470.6K
$411.7K – $549.0K
NOI $32,939 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$956.2K
$836.6K – $1.12M
NOI $66,931 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious, renovated two-family home with potential for conversion.
Where is this duplex located?
The property is located at 9-11 Central Ave Northbridge, MA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Massive, renovated 2‑family home with potential to convert back to a 4‑family (with proper permitting).; Two large, recently renovated 3‑bedroom, 2‑bath units with updated kitchens and bathrooms.; Includes an abutting .07‑acre lot, expanding the property's potential.
