Listing Agency: Janice Mitchell R.E., Inc Show Phone

Listed By: Tracey Fiorelli · License #453003651 Show Phone

Source: Exprealty

Added: Oct 6 Changed: Oct 13 Last Checked: Oct 16 at 3:20PM

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Investment Insights

Based on property information with market context.

This 1,740-square-foot duplex in Jefferson, Massachusetts, has two bedrooms and an additional tandem room on the second floor of each dwelling. The tandem rooms can serve as storage, office, or nursery space. Each unit also includes a dine-in kitchen, a full bath and laundry area on the first floor, and a family room. The property has a private yard and parking for each dwelling.

Vinyl replacement windows are installed, and both furnaces were replaced in 2018. The roof is approximately 20 years old. Local restaurants and Holden Hills CC are a short distance away.

Key Highlights

• 1,740‑square‑foot duplex with two bedrooms and a tandem room in each dwelling
• Dine‑in kitchen, first‑floor full bath, laundry area, and family room in each unit
• Private yard and parking for each dwelling

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,521

Cap Rate

4.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$470,420 $470.4K

Cap Rate 7%

$336,014 $336.0K

Cap Rate 9%

$261,344 $261.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,740 SF

Gross rent

$34.5K $19.80/SF

− Vacancy

−$851 −$0.49/SF

EGI

$33.6K $19.31/SF

− OpEx

−$10.1K −$5.79/SF

NOI

$23.5K $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%

$470,420

Cap Rate 7%

$336,014

Cap Rate 9%

$261,344

Alternative Uses

Best Use

Multifamily LT 5

$336.0K

$294.0K – $392.0K (±1% cap)

NOI $23,521 @ 7.0% cap · market cap 4.71%

Second Best

Apartment 5plus

$292.4K

$255.9K – $341.2K (±1% cap)

NOI $20,469 @ 7.0% cap · market cap 4.09%

Theoretical Best

Office A

$594.2K

$519.9K – $693.2K (±1% cap)

NOI $41,593 @ 7.0% cap · market cap 8.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Building Supply HVAC Service Auto Parts Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

72

Businesses Nearby

Explore this area Business Placement

Demographics for 01520, MA

16,394

Population

5,946

Households

2.8

Avg Household Size

42

Median Age

58%

College-Educated

96%

High-School Grad

18.8 sq mi

ZIP Area

872

Density / Sq Mi

$147,582

Median Household Income

$77,719

Median Earnings

$1,578

Median Rent

$444,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Each residence has a dine-in kitchen, first-floor full bath, laundry area, and family room.

Where is this duplex located?

The property is located at 185 High St Jefferson, MA.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: 1,740‑square‑foot duplex with two bedrooms and a tandem room in each dwelling; Dine‑in kitchen, first‑floor full bath, laundry area, and family room in each unit; Private yard and parking for each dwelling