Building Details

Year Built 2013

Year Renovated 2013

Buildings 1

Listing Agency: HB Real Estate,LLC r***@hbrealestate.net Show Phone

Listed By: Ray Hoess-Brooks

Source: Gregoryhaughton

Added: Aug 16 Changed: Aug 20 Last Checked: Aug 20 at 5:35AM

Report an Issue

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 HB Real Estate,LLC

Investment Insights

Based on property information with market context.

This duplex contains two two-bedroom units, each arranged with a living room and a large eat-in kitchen. Appliances remain in both residences. A walk-out basement provides two washer-and-dryer sets, adding shared laundry capacity to the property. The home was rebuilt in 2013 as a two-family residence and measures 1,564 square feet.

The first-floor unit is vacant, while the second-floor residence is occupied by a month-to-month tenant. Located at 15 Bridge Street in Monson, Massachusetts, the property supports either owner occupancy or continued rental use.

Key Highlights

• Two‑family duplex rebuilt in 2013
• Two units, each with two bedrooms, a living room, and an eat‑in kitchen
• Appliances included in both units

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

$20,485

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

6.83%

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%

$409,700 $409.7K

Cap Rate 7%

$292,643 $292.6K

Cap Rate 9%

$227,611 $227.6K

Market Conditions

NOI Build-Up for 1,564 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

$31.0K $19.80/SF

− Vacancy

−$1.7K −$1.09/SF

EGI

$29.3K $18.71/SF

− OpEx

−$8.8K −$5.61/SF

NOI

$20.5K $13.10/SF

Area

Hampden County, MA

Vacancy

5.50%

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%

$409,700

Cap Rate 7%

$292,643

Cap Rate 9%

$227,611

Alternative Uses

Best Use

Multifamily LT 5

$292.6K

$256.1K – $341.4K (±1% cap)

NOI $20,485 @ 7.0% cap · market cap 6.83%

Second Best

Apartment 5plus

$271.2K

$237.3K – $316.4K (±1% cap)

NOI $18,984 @ 7.0% cap · market cap 6.33%

Theoretical Best

Office A

$963.9K

$843.4K – $1.12M (±1% cap)

NOI $67,475 @ 7.0% cap · market cap 22.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Building Supply Storage Facility Real Estate Agency Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

165

Businesses Nearby

Explore this area Business Placement

Demographics for 01057, MA

8,152

Population

3,656

Households

2.2

Avg Household Size

48

Median Age

29%

College-Educated

92%

High-School Grad

44.5 sq mi

ZIP Area

183

Density / Sq Mi

$90,436

Median Household Income

$51,957

Median Earnings

$880

Median Rent

$312,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Duplex - Rebuilt in 2013, the property offers two-bedroom residences with individual living and kitchen areas.

Where is this duplex located?

The property is located at 15 Bridge Street Monson, MA.

What is the asking price?

The asking price for this property is $299,950.

What are key features of this property?

This property features: Two‑family duplex rebuilt in 2013; Two units, each with two bedrooms, a living room, and an eat‑in kitchen; Appliances included in both units