Two-Frontage Duplex on One
19 Wallis Park Lunenburg, MA 01462
19 Wallis Park, Lunenburg, MA, 01462
$599,500
For Sale
$599,500
Duplex with two separate yards, stainless steel appliances, and two tenants generating monthly rental income.
Property Size2,600 SF
Price / SF$230.58
Days on Market137
Property Features for 19 Wallis Park
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1950
Listing agency
www.HomeZu.com
Listed by
Jason Saphire
(617) 846-8000
Source
Highlandre
Added: Mar 6 Updated: Jul 20 at 4:35PM Checked: Jul 21 at 8:17AM
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 www.HomeZu.com
Investment Insights
Based on property information with market context.
This duplex offers two houses on one lot, with two frontage positions. Unit A is a 4-bedroom home and Unit B is a 3-bedroom home. Both units include stainless steel appliances and each has its own large yard.
The property is described as being across the street from playgrounds and a basketball court. Delivery is scheduled with both tenants in place, and the current tenants are reported to pay monthly.
The seller states the rent totals $4,587 per month. The seller also notes the property could be converted into two separate single-family homes based on the two-frontage layout. Photos were taken prior to the tenants moving in, and showings are limited to weekends.
The property is described as being across the street from playgrounds and a basketball court. Delivery is scheduled with both tenants in place, and the current tenants are reported to pay monthly.
The seller states the rent totals $4,587 per month. The seller also notes the property could be converted into two separate single-family homes based on the two-frontage layout. Photos were taken prior to the tenants moving in, and showings are limited to weekends.
Key Highlights
- Two houses on one lot with 2 frontages (duplex) and two separate yards
- Unit A is a 4‑bedroom home and Unit B is a 3‑bedroom home
- Total monthly rent is $4,587 with both tenants paying each month
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 | $51.5k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $50.2k | $19.31 |
| − OpEx | −$15.1k | −$5.79 |
| NOI | $35.1k | $13.52 |
2,600 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$502.1K
$439.3K – $585.8K
NOI $35,146 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$436.9K
$382.3K – $509.8K
NOI $30,586 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$887.9K
$776.9K – $1.04M
NOI $62,150 @ 7.0% cap · market cap 10.37%
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 - Duplex with two separate yards, stainless steel appliances, and two tenants generating monthly rental income.
Where is this duplex located?
The property is located at 19 Wallis Park Lunenburg, MA.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Two houses on one lot with 2 frontages (duplex) and two separate yards; Unit A is a 4‑bedroom home and Unit B is a 3‑bedroom home; Total monthly rent is $4,587 with both tenants paying each month
