Updated 2-Unit
1576 Main St, Holden, MA 01522
For Sale
New
$550,000
Two residences have month-to-month rental agreements, and recent work includes appliance and interior-finish updates.
Property Size1,748 SF
Lot Size0.50 Acres
Price / SF$314.65
Days on Market3
Property Features for 1576 Main St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Utilities to Site
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
fruit trees
gardens
purgula
firepit
chicken coop
views of Eagle Lake
Ceiling Fan(s)
Pantry
Storage
High Speed Internet
Upgraded Countertops
Bathroom With Tub
Floored Attic
Walk-Up Attic
Internet Available - Unknown
Living Room
Kitchen
Balcony/Deck
Fruit Trees
Garden
Stone Wall
Other
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
Better Living Real Estate, LLC
Listed By:
Michael Lynch
(774) 777-6797
Source:
Joanieschwartzrealestate
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 7:30AM
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 Better Living Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,748-square-foot duplex, built in 1940, contains two units with month-to-month rental agreements. Work completed within the past three years includes new appliances, countertops and backsplash, updated kitchen and bathroom flooring, and a furnace replacement for the first-floor unit. The property is served by public water and sewer and is zoned R1.
Set on a half-acre lot in Holden, the property includes fruit trees, gardens, a pergola, a firepit and a chicken coop, with views of Eagle Lake. WRTA bus routes, local shopping, Wachusett Regional High School and the Mass Central Rail Trail are nearby; highway access to I-190 is also convenient.
Set on a half-acre lot in Holden, the property includes fruit trees, gardens, a pergola, a firepit and a chicken coop, with views of Eagle Lake. WRTA bus routes, local shopping, Wachusett Regional High School and the Mass Central Rail Trail are nearby; highway access to I-190 is also convenient.
Key Highlights
- Two units with month‑to‑month rental agreements
- 1,748 square feet on a half‑acre lot
- Appliances, countertops, backsplash, and kitchen and bathroom flooring updated within the last 3 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,629
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,580
$472.6K
Cap Rate 7%
$337,557
$337.6K
Cap Rate 9%
$262,544
$262.5K
Market Conditions
NOI Build-Up for 1,748 SF
Gross rent
$34.6K $19.80/SF
− Vacancy
−$855 −$0.49/SF
EGI
$33.8K $19.31/SF
− OpEx
−$10.1K −$5.79/SF
NOI
$23.6K $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%
$472,580
Cap Rate 7%
$337,557
Cap Rate 9%
$262,544
Alternative Uses
Best Use
Multifamily LT 5
$337.6K
$295.4K – $393.8K
NOI $23,629 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$293.8K
$257.0K – $342.7K
NOI $20,563 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$596.9K
$522.3K – $696.4K
NOI $41,784 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 01522, MA
3,464
Population
1,199
Households
2.9
Avg Household Size
43
Median Age
54%
College-Educated
98%
High-School Grad
15.7 sq mi
ZIP Area
221
Density / Sq Mi
$118,824
Median Household Income
$62,168
Median Earnings
$1,100
Median Rent
$386,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Worcester County, MA
Properties on Market for Duplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have month-to-month rental agreements, and recent work includes appliance and interior-finish updates.
Where is this duplex located?
The property is located at 1576 Main St Holden, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two units with month‑to‑month rental agreements; 1,748 square feet on a half‑acre lot; Appliances, countertops, backsplash, and kitchen and bathroom flooring updated within the last 3 years
