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Two-Family Residential Income Property

15 Central St Ashburnham, MA 01430

Claim this Listing
For Sale
Under Contract
$450,000

MULTI_FAMILY - Ashburnham, MA

Property size:
2,080 SF
Lot size:
0.24 Acres
Price / SF:
$216/SF
Added:
May 26, 2026
Days on Market:
47
Last Refresh:
Jul 11 at 7:06 am

Property Features for 15 Central St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4
Parking
5
Standard status
Active Under Contract
APN
M:0062 B:000137,3575590
Size
2,080 SF
Lot size
0.24 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
3875

Building Details

Year built
1878
Floors in Building
2
Number of units
2

Listing agent Rochelle Jonswold

Listing office Keller Williams Realty North Central 670 Mechanic Street, MA

Listing date May 26, 2026

MLS# 73523821 Listing URL

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This two-family home offers flexible living and rental arrangements with two spacious units and an unfinished third floor for additional future use. The property includes an attached barn area that can function as storage or a workshop, along with a one-car garage and a generous yard. Recent improvements include siding, windows, doors, metal trim, fascia, a hot water heater, and electrical updates.

Located near the town center, the home provides access to local amenities and Cushing Academy. The surrounding area also supports an active lifestyle, with nearby outdoor recreation options identified in the remarks, including Mount Watatic, the rail trail, hiking, kayaking, and biking.

For owner-occupants, the layout supports living in one unit while collecting rent from the other. For investors, the property’s two separate units and the supplemental unfinished space and attached barn area add practical versatility for different operating goals. Zoned RES, this is a residential income property well-suited to buyers seeking a multi-unit asset with room to adapt as needs change.

Key Highlights

  • Two‑family home built in 1878 with spacious units
  • Recent improvements include siding, windows, doors, metal trim, fascia, hot water heater, and electrical updates
  • Attached barn area plus one‑car garage for storage or workshop use

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 $41.2k $19.80
− Vacancy −$1.0k −$0.49
EGI $40.2k $19.31
− OpEx −$12.1k −$5.79
NOI $28.1k $13.52
2,080 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$401.7K
$351.5K – $468.6K (±1% cap)
NOI $28,117 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$349.6K
$305.9K – $407.8K (±1% cap)
NOI $24,469 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$710.3K
$621.5K – $828.7K (±1% cap)
NOI $49,720 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Big Box & Wholesale Store Auto Repair Shop Dental Office Electrical Service Building Supply Grocery & Convenience Store Real Estate Agency (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-unit home with an attached barn area for storage or workshop use and recent exterior, systems, and electrical updates.
Where is this duplex located?
The property is located at 15 Central St Ashburnham, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑family home built in 1878 with spacious units; Recent improvements include siding, windows, doors, metal trim, fascia, hot water heater, and electrical updates; Attached barn area plus one‑car garage for storage or workshop use
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