Turnkey Multifamily
New
For Sale
$419,000
42 Pakachoag St, Auburn, MA 01501
Fully rented multifamily with recent roof, replacement windows, new gas furnace, and new water heater, plus private backyard.
Property Size1,454 SF
Price / SF$288.17
Days on Market5
Property Features for 42 Pakachoag St
General Information
Standard status
Active
Size
1,454 SF
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
1,454 SF
Year Built
1928
Listing Agency:
eXp Realty LLC
(617) 459-1029
Listed By:
Janil Stephens
(617) 459-1029
Source:
Alliancepartnersre
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 12:53PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This fully rented multifamily property is positioned for investors seeking market-rate rental income and immediate cash flow. The home offers classic New England character and has been well maintained with key updates, including a newer roof, some replacement windows, a new gas furnace, and a new water heater.
Set on a generous lot, the property includes a private backyard. It is located in Auburn’s Pakachoag Hill neighborhood, with convenient access to shopping, dining, schools, parks, golf, and major commuter routes, including I-90 (Mass Pike), I-290, Route 20, and Route 12. Worcester is described as just minutes away.
An open house is scheduled for Sunday, July 26th, 2026 from 11:30 AM to 12:30 PM. Buyer and agent are responsible for their own due diligence.
Set on a generous lot, the property includes a private backyard. It is located in Auburn’s Pakachoag Hill neighborhood, with convenient access to shopping, dining, schools, parks, golf, and major commuter routes, including I-90 (Mass Pike), I-290, Route 20, and Route 12. Worcester is described as just minutes away.
An open house is scheduled for Sunday, July 26th, 2026 from 11:30 AM to 12:30 PM. Buyer and agent are responsible for their own due diligence.
Key Highlights
- Year built 1928 fully rented multifamily property generating market‑rate rental income
- Recent updates include newer roof, replacement windows, new gas furnace, and new water heater
- Generous lot with a private backyard
Financial Insights For Apartment 5plus
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 | $31.9k | $21.96 |
| − Vacancy | −$830 | −$0.57 |
| EGI | $31.1k | $21.39 |
| − OpEx | −$14.0k | −$9.63 |
| NOI | $17.1k | $11.76 |
1,454 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.8K – $285.1K
NOI $17,105 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.5K
$434.5K – $579.3K
NOI $34,756 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 01501, MA
16,731
Population
7,040
Households
2.4
Avg Household Size
44
Median Age
42%
College-Educated
93%
High-School Grad
15.3 sq mi
ZIP Area
1,094
Density / Sq Mi
$101,929
Median Household Income
$62,296
Median Earnings
$1,241
Median Rent
$363,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully rented multifamily with recent roof, replacement windows, new gas furnace, and new water heater, plus private backyard.
Where is this multifamily property located?
The property is located at 42 Pakachoag St Auburn, MA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Year built 1928 fully rented multifamily property generating market‑rate rental income; Recent updates include newer roof, replacement windows, new gas furnace, and new water heater; Generous lot with a private backyard
