Two-Family Duplex with Private
18 Thayer Ave, Auburn, MA 01501
For Sale
New
$609,900
Two residences include a one-bedroom unit and a two-level three-bedroom home with an office.
Property Size2,385 SF
Price / SF$255.72
Days on Market2
Property Features for 18 Thayer Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
William Raveis R.E. & Home Services
Listed By:
Alyssa Coyle · License #CN218314
Source:
Westcottproperties
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 4:43AM
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 William Raveis R.E. & Home Services
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Investment Insights
Based on property information with market context.
This 2,385-square-foot duplex, built in 1920, contains two residences. The first has one bedroom; the second spans two floors and includes three bedrooms and a small office. Each unit has its own deck. Hardwood flooring is among the interior features, and the property also includes a fenced backyard, detached garage, and two driveways for off-street parking.
Shopping, dining, and major commuter routes are nearby. The two-unit configuration combines separate living spaces with shared outdoor and parking features.
Shopping, dining, and major commuter routes are nearby. The two-unit configuration combines separate living spaces with shared outdoor and parking features.
Key Highlights
- Two‑unit property with a one‑bedroom residence and a two‑level, three‑bedroom residence
- Second unit includes a small office
- Both units have private decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,240
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,800
$644.8K
Cap Rate 7%
$460,571
$460.6K
Cap Rate 9%
$358,222
$358.2K
Market Conditions
NOI Build-Up for 2,385 SF
Gross rent
$47.2K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$46.1K $19.31/SF
− OpEx
−$13.8K −$5.79/SF
NOI
$32.2K $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%
$644,800
Cap Rate 7%
$460,571
Cap Rate 9%
$358,222
Alternative Uses
Best Use
Multifamily LT 5
$460.6K
$403.0K – $537.3K
NOI $32,240 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$400.8K
$350.7K – $467.6K
NOI $28,057 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$814.4K
$712.6K – $950.2K
NOI $57,011 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
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Business Placement
Demographics for 01501, MA
16,731
Population
7,040
Households
2.4
Avg Household Size
44
Median Age
42%
College-Educated
93%
High-School Grad
15.3 sq mi
ZIP Area
1,094
Density / Sq Mi
$101,929
Median Household Income
$62,296
Median Earnings
$1,241
Median Rent
$363,400
Median Home Value
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Market
Average Price Trend$/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 include a one-bedroom unit and a two-level three-bedroom home with an office.
Where is this duplex located?
The property is located at 18 Thayer Ave Auburn, MA.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: Two‑unit property with a one‑bedroom residence and a two‑level, three‑bedroom residence; Second unit includes a small office; Both units have private decks
