Two-Family Residential Income
22 Wildwood Rd Millbury, MA 01527
22 Wildwood Rd, Millbury, MA, 01527
$299,900
For Sale
$299,900
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 Market99
Property Features for 22 Wildwood Rd
General Information
- Standard status
- Active
- Size
- 1,966 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1920
Listing agency
Real Broker MA, LLC
(774) 314-9448
Listed by
Jim Black Group
(774) 314-9448
Source
Lockandkeyre
Added: Apr 15 Updated: Jul 21 at 2:28AM Checked: Jul 21 at 3:18AM
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
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
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 | $38.9k | $19.80 |
| − Vacancy | −$961 | −$0.49 |
| EGI | $38.0k | $19.31 |
| − OpEx | −$11.4k | −$5.79 |
| NOI | $26.6k | $13.52 |
1,966 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
