Owner-Occupied Two-Family
18 Shears St Wrentham, MA 02093
18 Shears St, Wrentham, MA, 02093
$1,200,000
Pending
For Sale
$1,200,000
Pending
Two-family property with a main house and a single-story in-law suite, both including newly renovated bathrooms.
Property Size4,176 SF
Days on Market17
Property Features for 18 Shears St
General Information
- Standard status
- Pending
- Size
- 4,176 SF
- Property subtype
- 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1910
Listing agency
Gibson Sotheby's International Realty
(508) 498-4906
Listed by
Will Rigdon
(508) 498-4906
Source
Lockandkeyre
Added: Jul 7 Updated: Jul 23 at 3:55AM Checked: Jul 23 at 3:55AM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This owner-occupied two-family home offers a distinctive layout with two separate living areas. The larger home is centered around a custom chef’s kitchen and includes four bedrooms, three newly renovated bathrooms, and a fifth flex room suitable for an additional bed or office. The single-story in-law suite provides one bedroom, one newly renovated bathroom, and a flex room that can also serve as an additional bed or office.
The property also features a massive shared basement with high ceilings. Outdoors, the backyard includes a koi pond, basketball court, fire pit, and extensive green space.
Both residences have been cared for by the same family for more than 20 years, and the home is positioned for a new owner seeking a multi-unit setup with an in-law configuration. The custom kitchen appliances include a gas Thermador stove, Thermador dishwasher, and Sub-Zero refrigerator.
The property also features a massive shared basement with high ceilings. Outdoors, the backyard includes a koi pond, basketball court, fire pit, and extensive green space.
Both residences have been cared for by the same family for more than 20 years, and the home is positioned for a new owner seeking a multi-unit setup with an in-law configuration. The custom kitchen appliances include a gas Thermador stove, Thermador dishwasher, and Sub-Zero refrigerator.
Key Highlights
- 1910 owner‑occupied two‑family home with a 2,960 sqft main house and a 1,216 sqft single‑story in‑law suite
- Main house features 4 beds and 3 newly renovated baths plus a 5th flex room for a bed or office
- Custom chef’s kitchen includes gas Thermador stove, Thermador dishwasher, and Sub‑Zero refrigerator
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 | $112.8k | $27.00 |
| − Vacancy | −$5.9k | −$1.41 |
| EGI | $106.9k | $25.59 |
| − OpEx | −$32.1k | −$7.68 |
| NOI | $74.8k | $17.91 |
4,176 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$935.1K – $1.25M
NOI $74,806 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$986.0K
$862.8K – $1.15M
NOI $69,021 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $173,052 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property with a main house and a single-story in-law suite, both including newly renovated bathrooms.
Where is this duplex located?
The property is located at 18 Shears St Wrentham, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1910 owner‑occupied two‑family home with a 2,960 sqft main house and a 1,216 sqft single‑story in‑law suite; Main house features 4 beds and 3 newly renovated baths plus a 5th flex room for a bed or office; Custom chef’s kitchen includes gas Thermador stove, Thermador dishwasher, and Sub‑Zero refrigerator
