Updated Two-Family
2 Old Sunderland Montague, MA 01351
For Sale
$449,000
Updated two-family home with two first-floor bedrooms in the main unit and a separate one-bedroom upper apartment.
Property Size1,992 SF
Price / SF$225.40
Days on Market9
Property Features for 2 Old Sunderland
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Multi-family
Building Details
Year Built
1868
Listing Agency:
Coldwell Banker Community REALTORS
(413) 772-9767
Listed By:
Daniel Piasecki
(413) 772-9767
Source:
Cbcommunityrealtors
Added: Jul 21
Changed: Jul 26
Last Checked: Jul 28 at 11:26PM
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 Community REALTORS
Investment Insights
Based on property information with market context.
This updated two-family residence offers flexible living or rental configurations. The main unit includes a spacious kitchen with pantry, a dining area, and a living room, along with two bedrooms on the first floor and a full bath. An additional private third bedroom is located on the second floor. The second-floor apartment features a large one-bedroom layout with a spacious living room, an eat-in kitchen, and a full bath.
The property is set on a generous lot with direct access to a wooded area, providing a quiet outdoor setting. Improvements completed since 2022 include structural enhancements, new Pella Energy Star windows, a propane heating conversion, Mass Save insulation upgrades, a DryZone waterproofed basement system, and new exterior stairs and a deck for the upper unit.
With modernization already in place, the property is well suited for an owner-occupant who wants rental income from a separate unit while maintaining a private, classic home layout.
The property is set on a generous lot with direct access to a wooded area, providing a quiet outdoor setting. Improvements completed since 2022 include structural enhancements, new Pella Energy Star windows, a propane heating conversion, Mass Save insulation upgrades, a DryZone waterproofed basement system, and new exterior stairs and a deck for the upper unit.
With modernization already in place, the property is well suited for an owner-occupant who wants rental income from a separate unit while maintaining a private, classic home layout.
Key Highlights
- 1868 year‑built updated two‑family home with separate upper one‑bedroom apartment and main unit with two first‑floor bedrooms
- Main unit layout includes spacious kitchen with pantry, dining area, living room, full bath, plus a private third bedroom on the second floor
- Upper apartment features a large one‑bedroom layout with spacious living room, eat‑in kitchen, and full bath
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 | $44.2k | $22.20 |
| − Vacancy | −$2.4k | −$1.22 |
| EGI | $41.8k | $20.98 |
| − OpEx | −$12.5k | −$6.29 |
| NOI | $29.3k | $14.69 |
1,992 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.9K
$365.7K – $487.6K
NOI $29,253 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$377.9K
$330.6K – $440.8K
NOI $26,450 @ 7.0% cap · market cap 5.89%
Theoretical Best
Healthcare Medical
$826.0K
$722.8K – $963.7K
NOI $57,822 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family home with two first-floor bedrooms in the main unit and a separate one-bedroom upper apartment.
Where is this duplex located?
The property is located at 2 Old Sunderland Montague, MA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1868 year‑built updated two‑family home with separate upper one‑bedroom apartment and main unit with two first‑floor bedrooms; Main unit layout includes spacious kitchen with pantry, dining area, living room, full bath, plus a private third bedroom on the second floor; Upper apartment features a large one‑bedroom layout with spacious living room, eat‑in kitchen, and full bath
