Duplex with In-Law
20 Forest St, Oxford, MA 01540
For Sale
$475,000
A separate basement studio adds a kitchenette, full bath, bedroom, private entrance, and electrical service.
Property Size1,641 SF
Price / SF$289.46
Days on Market42
Property Features for 20 Forest St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Units
Multifamily Units
Individually Metered Utilities
Amenities
deck
Building Details
Year Built
Buildings
Construction
Listing Agency:
Lamacchia Realty, Inc.
(508) 458-6158
Listed By:
Jeffrey Cormier
(617) 892-2309
Source:
Dohertyproperties
Added: Sep 28
Changed: Nov 7
Last Checked: Nov 7 at 4:52AM
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 Lamacchia Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1960, this 1,641-square-foot duplex pairs a main residence with a basement studio. The main unit has an open living and dining area, kitchen, two bedrooms, and a den. A deck extends the living area outdoors, while large windows frame views of the lake.
The studio has a bedroom overlooking the water, a kitchenette, and a full bath. Each living area has a private entrance, and the studio has separate electrical service. The property is located in Oxford, Massachusetts, near schools, shopping, and highways.
The studio has a bedroom overlooking the water, a kitchenette, and a full bath. Each living area has a private entrance, and the studio has separate electrical service. The property is located in Oxford, Massachusetts, near schools, shopping, and highways.
Key Highlights
- 1,641‑square‑foot duplex built in 1960
- Basement studio includes a bedroom, kitchenette, and full bath
- Separate electrical service for the studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,182
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,640
$443.6K
Cap Rate 7%
$316,886
$316.9K
Cap Rate 9%
$246,467
$246.5K
Market Conditions
NOI Build-Up for 1,641 SF
Gross rent
$32.5K $19.80/SF
− Vacancy
−$803 −$0.49/SF
EGI
$31.7K $19.31/SF
− OpEx
−$9.5K −$5.79/SF
NOI
$22.2K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,640
Cap Rate 7%
$316,886
Cap Rate 9%
$246,467
Alternative Uses
Best Use
Multifamily LT 5
$316.9K
$277.3K – $369.7K
NOI $22,182 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$275.8K
$241.3K – $321.8K
NOI $19,305 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$560.4K
$490.3K – $653.8K
NOI $39,226 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 01540, MA
11,032
Population
4,337
Households
2.5
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
578
Density / Sq Mi
$118,389
Median Household Income
$52,248
Median Earnings
$1,135
Median Rent
$346,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Worcester County, MA
Properties on Market for Duplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate basement studio adds a kitchenette, full bath, bedroom, private entrance, and electrical service.
Where is this duplex located?
The property is located at 20 Forest St Oxford, MA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,641‑square‑foot duplex built in 1960; Basement studio includes a bedroom, kitchenette, and full bath; Separate electrical service for the studio
