Two-Unit
For Sale
$500,000
16 Brooks Pond Rd, North Brookfield, MA 01535
Separate residential units offer a two-family configuration on a substantial acreage parcel.
Property Size2,289 SF
Lot Size5.70 Acres
Price / SF$218.44
Days on Market8
Property Features for 16 Brooks Pond Rd
General Information
Standard status
Active
Size
2,289 SF
Lot size
5.70 Acres
Property subtype
2 Family - 2 Units Side by Side
Additional Details
Multifamily Units
2
Building Details
Building Size
2,289 SF
Year Built
1700
Buildings
1
Listing Agency:
The Neighborhood Realty Group
(508) 459-1876
Listed By:
John Croteau
(774) 334-2487
Source:
Iverty
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 5 at 7:03PM
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 The Neighborhood Realty Group
Investment Insights
Based on property information with market context.
This duplex has two residential units with a combined 2,289 square feet of living space, four bedrooms, and two full bathrooms. The property occupies approximately 5.7 acres at 16 Brooks Pond Rd in North Brookfield, Massachusetts. Year built: 1700.
Key Highlights
- Two‑unit residential property
- Approximately 5.7 acres
- 2,289 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,942
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,840
$618.8K
Cap Rate 7%
$442,029
$442.0K
Cap Rate 9%
$343,800
$343.8K
Market Conditions
NOI Build-Up for 2,289 SF
Gross rent
$45.3K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$44.2K $19.31/SF
− OpEx
−$13.3K −$5.79/SF
NOI
$30.9K $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%
$618,840
Cap Rate 7%
$442,029
Cap Rate 9%
$343,800
Alternative Uses
Best Use
Multifamily LT 5
$442.0K
$386.8K – $515.7K
NOI $30,942 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$384.7K
$336.6K – $448.8K
NOI $26,928 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$781.7K
$684.0K – $911.9K
NOI $54,716 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 01535, MA
4,735
Population
2,163
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
95%
High-School Grad
21.3 sq mi
ZIP Area
222
Density / Sq Mi
$81,010
Median Household Income
$55,393
Median Earnings
$973
Median Rent
$316,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residential units offer a two-family configuration on a substantial acreage parcel.
Where is this duplex located?
The property is located at 16 Brooks Pond Rd North Brookfield, MA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit residential property; Approximately 5.7 acres; 2,289 square feet of living space
