Updated Two-Family
For Sale
$410,000
Pending
148 Sanders St, Athol, MA 01331
Each unit offers 3 bedrooms and 1 full bath, with updated electrical, plumbing, new appliances, and replaced hot water heaters.
Property Size2,300 SF
Days on Market107
Property Features for 148 Sanders St
General Information
Standard status
Pending
Size
2,300 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Multifamily Units
2
Building Details
Building Size
2,300 SF
Year Built
1910
Stories
3
Listing Agency:
Lamacchia Realty, Inc.
(978) 534-3400
Listed By:
Emma Cook
(978) 577-9938
Source:
Iverty
Added: Jul 6
Changed: Oct 19
Last Checked: Oct 19 at 9:54AM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,091
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,820
$621.8K
Cap Rate 7%
$444,157
$444.2K
Cap Rate 9%
$345,456
$345.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$45.5K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$44.4K $19.31/SF
− OpEx
−$13.3K −$5.79/SF
NOI
$31.1K $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%
$621,820
Cap Rate 7%
$444,157
Cap Rate 9%
$345,456
Alternative Uses
Best Use
Multifamily LT 5
$444.2K
$388.6K – $518.2K
NOI $31,091 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$386.5K
$338.2K – $451.0K
NOI $27,057 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$785.4K
$687.2K – $916.3K
NOI $54,979 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
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Business Placement
Demographics for 01331, MA
13,656
Population
6,050
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
54.2 sq mi
ZIP Area
252
Density / Sq Mi
$68,345
Median Household Income
$42,132
Median Earnings
$1,041
Median Rent
$257,300
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
Frequently Asked Questions
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 $410,000.
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
