Mixed-Use Building with
New
For Sale
$750,000
206-210 Central St, Winchendon, MA 01475
Four apartments and two street-level commercial spaces are occupied by tenants.
Property Size6,309 SF
Price / SF$118.88
Days on Market4
Property Features for 206-210 Central St
General Information
Standard status
Active
Size
6,309 SF
Property subtype
5-9 Family
Occupancy
100%
Financials
Asking Price
$750,000
Cap Rate
7.1%
Gross Income
$92,100
Units
Unit Mix
1 x 4BR, 2 x 2BR, 1 x 1BR
Multifamily Units
4
Office Units
1
Taxes and HOA fees
Annual Taxes
$3,487
Building Details
Building Size
6,309 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Elm Grove Realty, LLC
Listed By:
Michelle Peterson · License #9535184
(603) 831-6933
Source:
Kevinfruh
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 9:21AM
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 Elm Grove Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use building has 6,309 square feet of property area and includes four apartments alongside two commercial spaces. The apartment mix comprises one four-bedroom unit, two two-bedroom units, and one one-bedroom unit. Approximately 900 square feet of additional storage is also included.
All six units are occupied. The commercial spaces house a real estate office and a coffee shop. Built in 1900, the property combines residential and commercial tenancy in one building.
All six units are occupied. The commercial spaces house a real estate office and a coffee shop. Built in 1900, the property combines residential and commercial tenancy in one building.
Key Highlights
- Four apartments: one 4‑bedroom, two 2‑bedroom, and one 1‑bedroom unit
- Two commercial spaces occupied by a real estate office and a coffee shop
- All six residential and commercial units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,899
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,980
$1.1M
Cap Rate 7%
$812,843
$812.8K
Cap Rate 9%
$632,211
$632.2K
Market Conditions
NOI Build-Up for 6,309 SF
Gross rent
$98.4K $15.60/SF
− Vacancy
−$7.4K −$1.17/SF
EGI
$91.0K $14.43/SF
− OpEx
−$34.1K −$5.41/SF
NOI
$56.9K $9.02/SF
Area
Worcester County, MA
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,980
Cap Rate 7%
$812,843
Cap Rate 9%
$632,211
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,957 @ 7.0% cap · market cap 13.33%
Second Best
Apartment 5plus
$1.06M
$927.7K – $1.24M
NOI $74,219 @ 7.0% cap · market cap 9.90%
Theoretical Best
Office A
$2.15M
$1.89M – $2.51M
NOI $150,810 @ 7.0% cap · market cap 20.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 01475, MA
10,304
Population
4,095
Households
2.5
Avg Household Size
42
Median Age
24%
College-Educated
94%
High-School Grad
42.8 sq mi
ZIP Area
241
Density / Sq Mi
$85,638
Median Household Income
$50,352
Median Earnings
$1,245
Median Rent
$294,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four apartments and two street-level commercial spaces are occupied by tenants.
Where is this mixed-use property located?
The property is located at 206-210 Central St Winchendon, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four apartments: one 4‑bedroom, two 2‑bedroom, and one 1‑bedroom unit; Two commercial spaces occupied by a real estate office and a coffee shop; All six residential and commercial units are occupied
