4-Unit Multifamily
2 Depot Rd, Oxford, MA 01540
For Sale
New
$699,000
Pending
A varied apartment mix includes private decks and enclosed porches, with two units on tenancy-at-will agreements.
Property Size3,420 SF
Lot Size0.66 Acres
Days on Market3
Property Features for 2 Depot Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Living Room
Kitchen
Rain Gutters
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
The Hive Real Estate LLC
(860) 786-2854
Listed By:
William Harding
(774) 232-8909
Source:
Condonrealty
Added: Nov 6
Last Checked: Nov 7 at 9:25AM
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 The Hive Real Estate LLC
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Investment Insights
Based on property information with market context.
This 3,420-square-foot, four-unit property sits on a 0.66-acre lot and was built in 1920. The unit mix includes a two-level 3-bedroom, 1.5-bath apartment with a private deck, two 2-bedroom apartments with enclosed porches, and a 1-bedroom apartment with its own deck. A detached two-car garage provides additional storage space. Tenants pay their own heat and electricity, and two units are occupied under tenancy-at-will agreements. The property is zoned R3.
Located in Oxford, the property offers access to I-395 and is a short drive from the town center. Recent work includes driveway improvements with an additional parking space and fresh paint on the front deck.
Located in Oxford, the property offers access to I-395 and is a short drive from the town center. Recent work includes driveway improvements with an additional parking space and fresh paint on the front deck.
Key Highlights
- Four apartments totaling 3,420 square feet on 0.66 acres
- Unit mix: one 3BR/1.5BA, two 2BR units, and one 1BR unit
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,230
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,600
$924.6K
Cap Rate 7%
$660,429
$660.4K
Cap Rate 9%
$513,667
$513.7K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$67.7K $19.80/SF
− Vacancy
−$1.7K −$0.49/SF
EGI
$66.0K $19.31/SF
− OpEx
−$19.8K −$5.79/SF
NOI
$46.2K $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%
$924,600
Cap Rate 7%
$660,429
Cap Rate 9%
$513,667
Alternative Uses
Best Use
Multifamily LT 5
$660.4K
$577.9K – $770.5K
NOI $46,230 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$574.8K
$502.9K – $670.6K
NOI $40,233 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,752 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 01540, MA
11,032
Population
4,337
Households
2.5
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
578
Density / Sq Mi
$118,389
Median Household Income
$52,248
Median Earnings
$1,135
Median Rent
$346,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Worcester County, MA
Properties on Market for Quadplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - A varied apartment mix includes private decks and enclosed porches, with two units on tenancy-at-will agreements.
Where is this quadplex located?
The property is located at 2 Depot Rd Oxford, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four apartments totaling 3,420 square feet on 0.66 acres; Unit mix: one 3BR/1.5BA, two 2BR units, and one 1BR unit; Detached two‑car garage
