Four-Unit Residential Income
20 Central Street West Brookfield, MA 01585
20 Central Street, West Brookfield, MA, 01585
$649,995
For Sale
$649,995
Well-maintained four-family building with two 2-bedroom units and two 4-bedroom townhouse-style units.
Property Size3,703 SF
Price / SF$175.53
Days on Market70
Property Features for 20 Central Street
General Information
- Standard status
- Active
- Size
- 3,703 SF
- Property subtype
- Multi-family / 4 Family
Building Details
- Year Built
- 1842
Listing agency
eXp Realty
(888) 854-7493
Listed by
Candor Investment Group
(888) 854-7493
Source
Compass
Added: May 13 Updated: Jul 20 at 6:30PM Checked: Jul 21 at 5:55AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This well-maintained four-family residential income property features two 2-bedroom units and two spacious 4-bedroom townhouse-style units. Each unit has separate heat and electric utilities, supporting tenant-by-tenant operational separation. Recent updates include cosmetic upgrades across all units, along with updated heating systems and refreshed appliances, cabinets, and countertops.
The property is located in central West Brookfield with convenient access to Routes 9 and 67 for travel to Worcester and Central Massachusetts employment centers. Unit 1R, a 2-bedroom unit, is currently rented at $1,600/month and will be delivered vacant, providing flexibility for investors or owner-occupants.
The building’s current rental setup includes the two 2-bedroom and two 4-bedroom units, all maintained with recent improvements intended to support long-term desirability.
The property is located in central West Brookfield with convenient access to Routes 9 and 67 for travel to Worcester and Central Massachusetts employment centers. Unit 1R, a 2-bedroom unit, is currently rented at $1,600/month and will be delivered vacant, providing flexibility for investors or owner-occupants.
The building’s current rental setup includes the two 2-bedroom and two 4-bedroom units, all maintained with recent improvements intended to support long-term desirability.
Key Highlights
- 4‑family building in West Brookfield with current rental income of $7,350/month
- Unit mix: two 2‑bedroom units plus two 4‑bedroom townhouse‑style units
- All units have separate heat and electric utilities
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 | $73.3k | $19.80 |
| − Vacancy | −$1.8k | −$0.49 |
| EGI | $71.5k | $19.31 |
| − OpEx | −$21.5k | −$5.79 |
| NOI | $50.1k | $13.52 |
3,703 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$715.1K
$625.7K – $834.3K
NOI $50,056 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$622.3K
$544.5K – $726.0K
NOI $43,562 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,517 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-family building with two 2-bedroom units and two 4-bedroom townhouse-style units.
Where is this quadplex located?
The property is located at 20 Central Street West Brookfield, MA.
What is the asking price?
The asking price for this property is $649,995.
What are key features of this property?
This property features: 4‑family building in West Brookfield with current rental income of $7,350/month; Unit mix: two 2‑bedroom units plus two 4‑bedroom townhouse‑style units; All units have separate heat and electric utilities
