Turnkey Waterfront
20-B Oakland Ave Shrewsbury, MA 01545
20-B Oakland Ave, Shrewsbury, MA, 01545
$699,000
For Sale
$699,000
Completely renovated two-unit multi-family home with updated kitchens and baths and lake access in Shrewsbury.
Property Size1,928 SF
Price / SF$362.55
Days on Market13
Property Features for 20-B Oakland Ave
General Information
- Standard status
- Active
- Size
- 1,928 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1958
Listing agency
Castinetti Realty Group
(508) 277-0063
Listed by
Andrea Beth Castinetti
(508) 277-0063
Source
Lockandkeyre
Added: Jul 9 Updated: Jul 21 at 8:04AM Checked: Jul 21 at 8:04AM
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.
Completely renovated two-unit multi-family residence offering turn-key, move-in-ready interiors. Both units feature updated kitchens and baths and stylish finishes intended for modern day living.
The property is located along the shores of Lake Quinsigamond in Shrewsbury, with direct access to year-round recreation and views of the lake.
This is a fully updated waterfront multi-family home designed for strong day-to-day livability with two separate residential units.
The property is located along the shores of Lake Quinsigamond in Shrewsbury, with direct access to year-round recreation and views of the lake.
This is a fully updated waterfront multi-family home designed for strong day-to-day livability with two separate residential units.
Key Highlights
- Completely renovated two‑unit multi‑family home in Shrewsbury, year built 1958
- Both units have updated kitchens and baths
- Lake Quinsigamond waterfront setting with lake access
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 multi-family home with updated kitchens and baths and lake access in Shrewsbury.
Where is this duplex located?
The property is located at 20-B Oakland Ave 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 multi‑family home in Shrewsbury, year built 1958; Both units have updated kitchens and baths; Lake Quinsigamond waterfront setting with lake access
