Duplex with Updated
New
For Sale
$369,900
1 Elm St, Oxford, MA 01540
Two separate apartments offer flexibility for rental income or owner occupancy in an accessible Oxford setting.
Property Size1,144 SF
Price / SF$323.34
Days on Market7
Property Features for 1 Elm St
General Information
Standard status
Active
Size
1,144 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R3
Net Operating Income
$29,400
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,641
Building Details
Building Size
1,144 SF
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
Lamacchia Realty, Inc.
Listed By:
We Close Deals Team
(508) 612-0821
Source:
Laerrealty
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 24 at 7:54AM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
Located at 1 Elm St in Oxford, this up-and-down duplex contains 1,144 square feet and was built in 1950. The property includes two independent apartments, each arranged with one bedroom and one full bathroom, along with practical living areas suited to residential use. New windows have been installed throughout, and the roof is approximately 10 years old.
The property is near Main Street Oxford, placing restaurants, shopping, everyday services, and community amenities within the surrounding area. Interstate 395 is also nearby, providing access toward Worcester, Connecticut, and other employment centers. R3 zoning supports the property's duplex configuration.
The property is near Main Street Oxford, placing restaurants, shopping, everyday services, and community amenities within the surrounding area. Interstate 395 is also nearby, providing access toward Worcester, Connecticut, and other employment centers. R3 zoning supports the property's duplex configuration.
Key Highlights
- Two‑unit duplex with 1,144 square feet
- Each apartment includes 1 bedroom and 1 full bathroom
- New windows installed throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,464
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,280
$309.3K
Cap Rate 7%
$220,914
$220.9K
Cap Rate 9%
$171,822
$171.8K
Market Conditions
NOI Build-Up for 1,144 SF
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.
Gross rent
$22.7K $19.80/SF
− Vacancy
−$559 −$0.49/SF
EGI
$22.1K $19.31/SF
− OpEx
−$6.6K −$5.79/SF
NOI
$15.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,280
Cap Rate 7%
$220,914
Cap Rate 9%
$171,822
Alternative Uses
Best Use
Multifamily LT 5
$220.9K
$193.3K – $257.7K
NOI $15,464 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$192.3K
$168.2K – $224.3K
NOI $13,458 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$390.7K
$341.8K – $455.8K
NOI $27,346 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 01540, MA
11,032
Population
4,337
Households
2.5
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
578
Density / Sq Mi
$118,389
Median Household Income
$52,248
Median Earnings
$1,135
Median Rent
$346,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Duplex - Two separate apartments offer flexibility for rental income or owner occupancy in an accessible Oxford setting.
Where is this duplex located?
The property is located at 1 Elm St Oxford, MA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,144 square feet; Each apartment includes 1 bedroom and 1 full bathroom; New windows installed throughout
