Two-Family Residential Income
For Sale
$299,900
22 Wildwood Rd, Millbury, MA 01527
Two-family property in Millbury, currently occupied, with an end-of-dead-end-street setting.
Property Size1,966 SF
Price / SF$152.54
Days on Market194
Property Features for 22 Wildwood Rd
General Information
Standard status
Active
Size
1,966 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Real Broker MA, LLC
(508) 365-3532
Listed By:
Jim Black Group
(314) 325-6474
Source:
Lockandkeyre
Added: Apr 15
Changed: Oct 25
Last Checked: Oct 24 at 6:12PM
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 Real Broker MA, LLC
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Investment Insights
Based on property information with market context.
This two-family residential income property at 22 Wildwood Rd in Millbury offers a flexible layout and is currently occupied by a family with no rental history reported. The offering is presented as a value-add opportunity for a future owner prepared to renovate and reposition the property for rental or resale.
The home is located at the end of a dead-end street and provides convenient access to major routes, including Rt 20, Rt 146, and the MassPike.
As a duplex-style structure, the property is configured to support two separate dwelling units, making it well suited for buyers looking for residential rental income potential following renovation.
The home is located at the end of a dead-end street and provides convenient access to major routes, including Rt 20, Rt 146, and the MassPike.
As a duplex-style structure, the property is configured to support two separate dwelling units, making it well suited for buyers looking for residential rental income potential following renovation.
Key Highlights
- 1920‑built 2‑family property in Millbury, currently occupied
- Located at the end of a dead‑end street
- Convenient access to major routes including Rt 20, Rt 146, and the MassPike
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,576
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,520
$531.5K
Cap Rate 7%
$379,657
$379.7K
Cap Rate 9%
$295,289
$295.3K
Market Conditions
NOI Build-Up for 1,966 SF
Gross rent
$38.9K $19.80/SF
− Vacancy
−$961 −$0.49/SF
EGI
$38.0K $19.31/SF
− OpEx
−$11.4K −$5.79/SF
NOI
$26.6K $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%
$531,520
Cap Rate 7%
$379,657
Cap Rate 9%
$295,289
Alternative Uses
Best Use
Multifamily LT 5
$379.7K
$332.2K – $442.9K
NOI $26,576 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$330.4K
$289.1K – $385.5K
NOI $23,128 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$671.4K
$587.4K – $783.3K
NOI $46,995 @ 7.0% cap · market cap 15.67%
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
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 01527, MA
13,799
Population
5,603
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
94%
High-School Grad
15.6 sq mi
ZIP Area
885
Density / Sq Mi
$116,000
Median Household Income
$62,911
Median Earnings
$1,507
Median Rent
$415,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property in Millbury, currently occupied, with an end-of-dead-end-street setting.
Where is this duplex located?
The property is located at 22 Wildwood Rd Millbury, MA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1920‑built 2‑family property in Millbury, currently occupied; Located at the end of a dead‑end street; Convenient access to major routes including Rt 20, Rt 146, and the MassPike
