Updated Two-Family
For Sale
$369,900
Pending
19 Pine St, Athol, MA 01331
Two updated units each offer five rooms with two bedrooms and one bath, plus tankless heat and water.
Property Size2,016 SF
Days on Market139
Property Features for 19 Pine St
General Information
Standard status
Pending
Size
2,016 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Zoning
RES
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,763
Building Details
Building Size
2,016 SF
Year Built
1907
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
One Stop Realty
(978) 840-8948
Listed By:
Luis Ayala · License #454501330
(978) 729-0060
Source:
Alliancepartnersre
Added: Apr 23
Changed: Aug 8
Last Checked: Jul 23 at 6:18AM
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 One Stop Realty
Investment Insights
Based on property information with market context.
An updated two-family residence featuring two separate units, each with five rooms including two bedrooms and one bathroom. Both units are equipped with tankless systems for heat and hot water. A shared basement includes laundry hookups for both units. New electric panels are in place and ready for the next owner.
The property is offered for sale and is described as easy to show. Further property details were not provided in the listing information.
Each unit’s layout is designed around two-bedroom, one-bath living with laundry hookups located in the basement, supporting convenient everyday use for residents.
The property is offered for sale and is described as easy to show. Further property details were not provided in the listing information.
Each unit’s layout is designed around two-bedroom, one-bath living with laundry hookups located in the basement, supporting convenient everyday use for residents.
Key Highlights
- Two‑family home built in 1907
- Each unit offers five rooms with 2 bedrooms and 1 bath
- Tankless units provide heat and hot water
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,252
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$545,040
$545.0K
Cap Rate 7%
$389,314
$389.3K
Cap Rate 9%
$302,800
$302.8K
Market Conditions
NOI Build-Up for 2,016 SF
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.
Gross rent
$39.9K $19.80/SF
− Vacancy
−$986 −$0.49/SF
EGI
$38.9K $19.31/SF
− OpEx
−$11.7K −$5.79/SF
NOI
$27.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$545,040
Cap Rate 7%
$389,314
Cap Rate 9%
$302,800
Alternative Uses
Best Use
Multifamily LT 5
$389.3K
$340.7K – $454.2K
NOI $27,252 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$338.8K
$296.5K – $395.3K
NOI $23,716 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$688.4K
$602.4K – $803.2K
NOI $48,190 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 01331, MA
13,656
Population
6,050
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
54.2 sq mi
ZIP Area
252
Density / Sq Mi
$68,345
Median Household Income
$42,132
Median Earnings
$1,041
Median Rent
$257,300
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 - Two updated units each offer five rooms with two bedrooms and one bath, plus tankless heat and water.
Where is this duplex located?
The property is located at 19 Pine St Athol, MA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑family home built in 1907; Each unit offers five rooms with 2 bedrooms and 1 bath; Tankless units provide heat and hot water
