Two-Family Duplex with Off-Street
2 Granite Street Millbury, MA 01527
2 Granite Street, Millbury, MA, 01527
$400,000
For Sale
$400,000
A newer two-family duplex with two spacious units, off-street parking, and a yard, offering updates including a recent roof and furnaces.
Property Size2,376 SF
Price / SF$168.35
Days on Market101
Property Features for 2 Granite Street
General Information
- Standard status
- Active
- Size
- 2,376 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1989
Listing agency
Coldwell Banker Realty - Worcester
Listed by
Brandon O'Neal
(413) 584-2900
Source
Mapleandmainrealty
Added: Apr 12 Updated: Jul 21 at 7:00AM Checked: Jul 21 at 7:00AM
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 Coldwell Banker Realty - Worcester
Investment Insights
Based on property information with market context.
This two-family duplex includes two spacious units with a total of five bedrooms and 3.5 baths. The property features more recent construction elements, including a recent roof and updated furnaces, while still needing TLC. The layout supports a straightforward rental or owner-occupant configuration, with room to pursue cosmetic improvements.
The duplex sits on a good-sized yard and offers off-street parking. It is described as conveniently located with easy access to downtown, major routes, and local amenities.
The offering is positioned as a value-add opportunity for buyers looking to renovate and enhance long-term value, while benefiting from certain recently completed building systems.
The duplex sits on a good-sized yard and offers off-street parking. It is described as conveniently located with easy access to downtown, major routes, and local amenities.
The offering is positioned as a value-add opportunity for buyers looking to renovate and enhance long-term value, while benefiting from certain recently completed building systems.
Key Highlights
- Two‑family duplex built in 1989 with 2 spacious units
- Total of 5 bedrooms and 3.5 baths across the two units
- Recent roof plus updated furnaces
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 | $47.0k | $19.80 |
| − Vacancy | −$1.2k | −$0.49 |
| EGI | $45.9k | $19.31 |
| − OpEx | −$13.8k | −$5.79 |
| NOI | $32.1k | $13.52 |
2,376 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$458.8K
$401.5K – $535.3K
NOI $32,118 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$399.3K
$349.4K – $465.9K
NOI $27,951 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$811.4K
$710.0K – $946.6K
NOI $56,796 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - A newer two-family duplex with two spacious units, off-street parking, and a yard, offering updates including a recent roof and furnaces.
Where is this duplex located?
The property is located at 2 Granite Street Millbury, MA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑family duplex built in 1989 with 2 spacious units; Total of 5 bedrooms and 3.5 baths across the two units; Recent roof plus updated furnaces
