Duplex with Finished
New
For Sale
$499,900
13 Mechanic St, Winchendon, MA 01475
Separate utility meters and heating systems serve the two residences independently.
Property Size2,979 SF
Price / SF$167.81
Days on Market5
Property Features for 13 Mechanic St
General Information
Standard status
Active
Size
2,979 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Multifamily Units
2
Amenities
garage
yard
Building Details
Building Size
2,979 SF
Year Built
1880
Buildings
1
Listing Agency:
Coldwell Banker Realty - Leominster
(978) 840-4014
Listed By:
Tiffany McDonald · License #449596680
(978) 696-1267
Source:
Iverty
Added: Oct 6
Changed: Oct 8
Last Checked: Oct 9 at 10:39PM
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 Coldwell Banker Realty - Leominster
Investment Insights
Based on property information with market context.
This 2,979-square-foot duplex includes two separately metered residences, each with its own heating system. A finished attic offers potential for a studio apartment. The property also has a garage and usable yard space. Built in 1880, it underwent substantial renovation approximately seven years ago, including updates to plumbing, electrical systems, windows, roofing, bathrooms, kitchens, and flooring. The property was deleaded as part of that work.
Key Highlights
- 2,979‑square‑foot duplex with two residences
- Finished attic with potential for a studio apartment
- Substantial renovation approximately seven years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,269
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,380
$805.4K
Cap Rate 7%
$575,271
$575.3K
Cap Rate 9%
$447,433
$447.4K
Market Conditions
NOI Build-Up for 2,979 SF
Gross rent
$59.0K $19.80/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$57.5K $19.31/SF
− OpEx
−$17.3K −$5.79/SF
NOI
$40.3K $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%
$805,380
Cap Rate 7%
$575,271
Cap Rate 9%
$447,433
Alternative Uses
Best Use
Multifamily LT 5
$575.3K
$503.4K – $671.2K
NOI $40,269 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$500.6K
$438.1K – $584.1K
NOI $35,045 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$1.02M
$890.1K – $1.19M
NOI $71,210 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 01475, MA
10,304
Population
4,095
Households
2.5
Avg Household Size
42
Median Age
24%
College-Educated
94%
High-School Grad
42.8 sq mi
ZIP Area
241
Density / Sq Mi
$85,638
Median Household Income
$50,352
Median Earnings
$1,245
Median Rent
$294,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and heating systems serve the two residences independently.
Where is this duplex located?
The property is located at 13 Mechanic St Winchendon, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,979‑square‑foot duplex with two residences; Finished attic with potential for a studio apartment; Substantial renovation approximately seven years ago
