Updated Two-Family
148 Sanders St Athol, MA 01331
148 Sanders St, Athol, MA, 01331
$425,000
For Sale
$425,000
Each unit offers 3 bedrooms and 1 full bath, with updated electrical, plumbing, new appliances, and replaced hot water heaters.
Property Size2,300 SF
Price / SF$184.78
Days on Market16
Property Features for 148 Sanders St
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Lamacchia Realty, Inc.
(978) 577-9938
Listed by
Emma Cook · License #452508574
(978) 577-9938
Source
Iverty
Added: Jul 6 Updated: Jul 21 at 1:35PM Checked: Jul 21 at 1:35PM
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.
This updated two-family home is set up as a clean, straightforward income property. Each unit includes three bedrooms and one full bath. The first-floor unit features hardwood floors and is currently tenant occupied through April 2027. The second-floor unit is equipped with efficient mini-split heating and cooling.
Improvements include completely updated electrical and plumbing throughout, new appliances in both units, and both hot water heaters replaced. Outside, the property offers a spacious yard, a detached garage, and a large driveway.
An unfinished third floor is also included, offering possible expansion potential for additional living space subject to buyer due diligence. The property is presented as move-in ready with major systems addressed throughout.
Improvements include completely updated electrical and plumbing throughout, new appliances in both units, and both hot water heaters replaced. Outside, the property offers a spacious yard, a detached garage, and a large driveway.
An unfinished third floor is also included, offering possible expansion potential for additional living space subject to buyer due diligence. The property is presented as move-in ready with major systems addressed throughout.
Key Highlights
- Two‑family home built in 1910 with two units, each offering 3 bedrooms and 1 full bath
- Major updates include completely updated electrical and plumbing throughout the property
- New appliances in both units, plus both hot water heaters replaced
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 | $45.5k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $44.4k | $19.31 |
| − OpEx | −$13.3k | −$5.79 |
| NOI | $31.1k | $13.52 |
2,300 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$444.2K
$388.6K – $518.2K
NOI $31,091 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$386.5K
$338.2K – $451.0K
NOI $27,057 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$785.4K
$687.2K – $916.3K
NOI $54,979 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit offers 3 bedrooms and 1 full bath, with updated electrical, plumbing, new appliances, and replaced hot water heaters.
Where is this duplex located?
The property is located at 148 Sanders St Athol, MA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑family home built in 1910 with two units, each offering 3 bedrooms and 1 full bath; Major updates include completely updated electrical and plumbing throughout the property; New appliances in both units, plus both hot water heaters replaced
