Building Details

Building Size 2,288 SF

Year Built 1930

Listing Agency: Panarelli Properties, Inc.

Listed By: Justin Panarelli · License #9587973 Show Phone

Source: Iverty

Added: Sep 29 Changed: Oct 4 Last Checked: Oct 5 at 7:35PM

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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 Panarelli Properties, Inc.

Investment Insights

Based on property information with market context.

This 1930-built duplex contains two residences totaling 2,288 square feet. The first-floor unit has three bedrooms and two full baths, with an updated kitchen, stainless steel appliances, pantry, hardwood flooring, laundry, and a sunroom. Its primary bedroom includes a private full bath and walk-in closet. The upper unit has two bedrooms, one full bath, hardwood floors, a spacious kitchen, and a covered porch.

The property includes a fenced, level section of yard and two separate driveways. Both units are owner-occupied and may be delivered vacant. Located near Hudson shops, restaurants, parks, major routes, and local amenities.

Key Highlights

• Two‑unit property with 2,288 square feet of living area
• First‑floor residence: 3 bedrooms, 2 full baths, sunroom, and laundry
• Primary bedroom features an en‑suite bath and walk‑in closet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,415

Cap Rate

7.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$968,300 $968.3K

Cap Rate 7%

$691,643 $691.6K

Cap Rate 9%

$537,944 $537.9K

Market Conditions

NOI Build-Up for 2,288 SF

Gross rent

$72.8K $31.80/SF

− Vacancy

−$3.6K −$1.57/SF

EGI

$69.2K $30.23/SF

− OpEx

−$20.7K −$9.07/SF

NOI

$48.4K $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%

$968,300

Cap Rate 7%

$691,643

Cap Rate 9%

$537,944

Alternative Uses

Best Use

Multifamily LT 5

$691.6K

$605.2K – $806.9K (±1% cap)

NOI $48,415 @ 7.0% cap · market cap 7.12%

Second Best

Apartment 5plus

$650.3K

$569.0K – $758.7K (±1% cap)

NOI $45,523 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$1.35M

$1.19M – $1.58M (±1% cap)

NOI $94,814 @ 7.0% cap · market cap 13.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store Plumbing Service Parking Lot & Garage Storage Facility Computer & Electronic Repair Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

658

Businesses Nearby

Explore this area Business Placement

Demographics for 01749, MA

20,092

Population

8,560

Households

2.3

Avg Household Size

43

Median Age

47%

College-Educated

91%

High-School Grad

11.5 sq mi

ZIP Area

1,747

Density / Sq Mi

$107,202

Median Household Income

$60,908

Median Earnings

$1,416

Median Rent

$480,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate residences offer a three-bedroom layout downstairs and a two-bedroom unit above.

Where is this duplex located?

The property is located at 23 Carter St Hudson, MA.

What is the asking price?

The asking price for this property is $679,900.

What are key features of this property?

This property features: Two‑unit property with 2,288 square feet of living area; First‑floor residence: 3 bedrooms, 2 full baths, sunroom, and laundry; Primary bedroom features an en‑suite bath and walk‑in closet