Mixed-Use Retail and Residential
188 Auburn St Auburn, MA 01501
188 Auburn St, Auburn, MA, 01501
$429,900
For Sale
$429,900
Well-maintained mixed-use building with a vacant first-floor salon space and an occupied upstairs residential unit.
Property Size1,411 SF
Price / SF$304.68
Days on Market27
Property Features for 188 Auburn St
General Information
- Standard status
- Active
- Size
- 1,411 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1947
Listing agency
Lock and Key Realty
(774) 314-9448
Listed by
Jim Black Group
(774) 314-9448
Source
Lockandkeyre
Added: Jun 26 Updated: Jul 22 at 12:08AM Checked: Jul 22 at 12:08AM
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 Lock and Key Realty
Investment Insights
Based on property information with market context.
This well-maintained mixed-use property includes a vacant first-floor salon space and an occupied residential unit upstairs, creating immediate income from the upper unit while offering flexibility for the ground-floor space. The building also features on-site parking to support daily access and convenience.
Located at 188 Auburn St in Auburn, MA 01501, the property sits in an accessible commercial corridor with easy reach to Rt. 20, Rt. 12, I-290, I-395, and the Mass Pike. The surrounding area includes established businesses, retail, dining, and residential neighborhoods, supporting a steady base of local activity.
Located at 188 Auburn St in Auburn, MA 01501, the property sits in an accessible commercial corridor with easy reach to Rt. 20, Rt. 12, I-290, I-395, and the Mass Pike. The surrounding area includes established businesses, retail, dining, and residential neighborhoods, supporting a steady base of local activity.
Key Highlights
- Well‑maintained mixed‑use building built in 1947 with a vacant first‑floor salon space and an occupied upstairs residential unit
- 1,411 sq. ft. mixed‑use building providing income now with the occupied residential unit plus owner‑user or new‑tenant flexibility
- Abundance of on‑site parking for tenants and visitors
Local Financial Insights For Retail
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 | $30.5k | $21.60 |
| − Vacancy | −$671 | −$0.48 |
| EGI | $29.8k | $21.12 |
| − OpEx | −$8.9k | −$6.34 |
| NOI | $20.9k | $14.79 |
1,411 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$298.1K
$260.8K – $347.8K
NOI $20,865 @ 7.0% cap · market cap 4.85%
Second Best
Multifamily LT 5
$272.5K
$238.4K – $317.9K
NOI $19,073 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$481.8K
$421.6K – $562.2K
NOI $33,729 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Contact — Aoude Werks
Industrial Manufacturer
Crush Salon & Spa
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained mixed-use building with a vacant first-floor salon space and an occupied upstairs residential unit.
Where is this duplex located?
The property is located at 188 Auburn St Auburn, MA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Well‑maintained mixed‑use building built in 1947 with a vacant first‑floor salon space and an occupied upstairs residential unit; 1,411 sq. ft. mixed‑use building providing income now with the occupied residential unit plus owner‑user or new‑tenant flexibility; Abundance of on‑site parking for tenants and visitors
