Renovated Waterfront Multi-Family
20-b Oakland Avenue Shrewsbury, MA 01545
20-b Oakland Avenue, Shrewsbury, MA, 01545
$699,000
For Sale
$699,000
Completely renovated two-unit waterfront home with updated kitchens and baths and lake-facing living spaces.
Property Size1,928 SF
Price / SF$362.55
Days on Market11
Property Features for 20-b Oakland Avenue
General Information
- Standard status
- Active
- Size
- 1,928 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1958
Listing Agency
Castinetti Realty Group
Listed by
Andrea Beth Castinetti
(617) 680-0690
Source
Inrealtyinc
Added: Jul 7 Checked: Jul 16 at 2:14 am
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 Castinetti Realty Group
Investment Insights
Based on property information with market context.
This completely renovated two-unit multi-family home offers a turnkey interior with updated kitchens and baths in both units. The layout is designed for comfortable day-to-day living, with move-in-ready finishes throughout.
Set along the shores of Lake Quinsigamond in Shrewsbury, the property provides lake views and direct access to year-round recreation. The location is also described as being minutes from shopping, restaurants, major highways, and UMass Memorial.
With thoughtful updates across both units, this residence is presented as a ready-to-occupy waterfront option in a highly desirable setting.
Set along the shores of Lake Quinsigamond in Shrewsbury, the property provides lake views and direct access to year-round recreation. The location is also described as being minutes from shopping, restaurants, major highways, and UMass Memorial.
With thoughtful updates across both units, this residence is presented as a ready-to-occupy waterfront option in a highly desirable setting.
Key Highlights
- Completely renovated two‑unit waterfront home on Lake Quinsigamond in Shrewsbury
- Year built: 1958
- Both units feature updated kitchens and updated baths
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 | $38.2k | $19.80 |
| − Vacancy | −$943 | −$0.49 |
| EGI | $37.2k | $19.31 |
| − OpEx | −$11.2k | −$5.79 |
| NOI | $26.1k | $13.52 |
1,928 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.3K
$325.8K – $434.4K
NOI $26,062 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$324.0K
$283.5K – $378.0K
NOI $22,681 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$658.4K
$576.1K – $768.1K
NOI $46,087 @ 7.0% cap · market cap 6.59%
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 - Completely renovated two-unit waterfront home with updated kitchens and baths and lake-facing living spaces.
Where is this duplex located?
The property is located at 20-b Oakland Avenue Shrewsbury, 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: Completely renovated two‑unit waterfront home on Lake Quinsigamond in Shrewsbury; Year built: 1958; Both units feature updated kitchens and updated baths
