Duplex with
217 Main St, Groton, MA 01450
For Sale
New
$875,000
A separate-entry apartment and a detached barn complement the primary residence.
Property Size3,280 SF
Price / SF$266.77
Days on Market3
Property Features for 217 Main St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Utilities to Site
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fireplace
built-ins
hardwood floors
quartz counters
stainless steel appliances
deck
fenced backyard
mature gardens
barn
Full,Interior Entry,Dirt Floor,Concrete
Wood,Tile,Hardwood,Stone/Ceramic Tile
1
Yes
4
3
Screens
Other
Wood Burning
Walk-Up Attic,Storage,Stone/Granite/Solid Counters,Upgraded Cabinets,Walk-In Closet(s),Bathroom with Shower Stall,Living Room,Dining Room,Kitchen,Family Room
3280
No
Cleared,Gentle Sloping,Level
Public
0.49
Paved Drive,Off Street,Paved
Rain Gutters
Stone
Building Details
Building Size
Year Built
Stories
Listing Agency:
Coldwell Banker Realty - Westford
Listed By:
Jenepher Spencer
Source:
Realprobythewater
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 6:43PM
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 Coldwell Banker Realty - Westford
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Investment Insights
Based on property information with market context.
This 3,280-square-foot duplex pairs a primary residence with a separate legal apartment. The main home includes living and family rooms, a fireplace, formal dining room, updated kitchen, and a first-floor bedroom with a three-quarter bath. Upstairs are additional bedrooms and a full bath. The apartment has its own entrance, kitchen, living area, and full bath. A barn provides additional space, while the 0.49-acre property also includes a fenced backyard, deck, and mature gardens.
Located at 217 Main St in Groton Center, the property has public water and sewer service and natural gas. Zoning is RA.
Located at 217 Main St in Groton Center, the property has public water and sewer service and natural gas. Zoning is RA.
Key Highlights
- Two legal units, including a separate‑entry apartment
- 3,280‑square‑foot building on 0.49 acres
- Barn, fenced backyard, deck, and mature gardens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,406
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,120
$1.4M
Cap Rate 7%
$991,514
$991.5K
Cap Rate 9%
$771,178
$771.2K
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$104.3K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$99.2K $30.23/SF
− OpEx
−$29.7K −$9.07/SF
NOI
$69.4K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,120
Cap Rate 7%
$991,514
Cap Rate 9%
$771,178
Alternative Uses
Best Use
Multifamily LT 5
$991.5K
$867.6K – $1.16M
NOI $69,406 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$932.3K
$815.8K – $1.09M
NOI $65,261 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $135,922 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
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Business Placement
Demographics for 01450, MA
11,298
Population
3,773
Households
3
Avg Household Size
43
Median Age
66%
College-Educated
96%
High-School Grad
32.8 sq mi
ZIP Area
344
Density / Sq Mi
$189,355
Median Household Income
$78,750
Median Earnings
$1,521
Median Rent
$673,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate-entry apartment and a detached barn complement the primary residence.
Where is this duplex located?
The property is located at 217 Main St Groton, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two legal units, including a separate‑entry apartment; 3,280‑square‑foot building on 0.49 acres; Barn, fenced backyard, deck, and mature gardens
