Renovated Duplex with Two-Car
For Sale
$429,000
Pending
132-134 Lincoln Ave, Winchendon, MA 01475
Two units offer updated interiors, separate utilities, and flexible living space.
Property Size2,331 SF
Days on Market190
Property Features for 132-134 Lincoln Ave
General Information
Standard status
Pending
Size
2,331 SF
Total Parking Spaces
9
Property subtype
Multi-Family
Zoning
R4
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
Washer Hookup
Wood, Carpet
Yes
2.0
Park, Walk/Jog Trails, Bike Path, Conservation Area, Private School, Public School
for Electric Range, for Electric Oven, Washer Hookup
9
Building Details
Building Size
2,331 SF
Year Built
1870
Buildings
1
Stories
3
Listing Agency:
Prospective Realty INC
Listed By:
Jesse Gadarowski · License #9573251
(978) 668-5396
Source:
Reishomesearch
Added: Apr 13
Changed: Aug 29
Last Checked: Apr 22 at 10:59AM
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 Prospective Realty INC
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Investment Insights
Based on property information with market context.
This two-family duplex combines refreshed interiors with a practical residential layout. The first-floor apartment has two bedrooms, updated kitchen finishes, and refinished hardwood flooring. Upstairs, the unit includes flexible bonus space that can support an office, additional living area, or bedroom configuration. A full basement adds storage and utility space.
The property occupies a flat lot at 132-134 Lincoln Avenue in Winchendon, Massachusetts. Exterior features include a detached two-car garage, off-street parking, and a sizeable yard. Separate utilities serve the units. Originally built in 1870, the residence has undergone recent renovation and includes updated kitchens and refinished hardwood floors throughout the apartments.
The property occupies a flat lot at 132-134 Lincoln Avenue in Winchendon, Massachusetts. Exterior features include a detached two-car garage, off-street parking, and a sizeable yard. Separate utilities serve the units. Originally built in 1870, the residence has undergone recent renovation and includes updated kitchens and refinished hardwood floors throughout the apartments.
Key Highlights
- Two‑family duplex at 132‑134 Lincoln Avenue, Winchendon, MA 01475
- First‑floor unit includes 2 bedrooms
- Second‑floor unit offers flexible bonus space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,510
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,200
$630.2K
Cap Rate 7%
$450,143
$450.1K
Cap Rate 9%
$350,111
$350.1K
Market Conditions
NOI Build-Up for 2,331 SF
Gross rent
$46.2K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$45.0K $19.31/SF
− OpEx
−$13.5K −$5.79/SF
NOI
$31.5K $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%
$630,200
Cap Rate 7%
$450,143
Cap Rate 9%
$350,111
Alternative Uses
Best Use
Multifamily LT 5
$450.1K
$393.9K – $525.2K
NOI $31,510 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$391.7K
$342.8K – $457.0K
NOI $27,422 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$796.0K
$696.5K – $928.7K
NOI $55,720 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two units offer updated interiors, separate utilities, and flexible living space.
Where is this duplex located?
The property is located at 132-134 Lincoln Ave Winchendon, MA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑family duplex at 132‑134 Lincoln Avenue, Winchendon, MA 01475; First‑floor unit includes 2 bedrooms; Second‑floor unit offers flexible bonus space
