Historic Duplex with Detached
For Sale
$349,900
23 North Street, Douglas, MA 01516
Two-level duplex in Douglas with separate living areas, off-street parking, and a wooded rear setting.
Property Size1,820 SF
Price / SF$192.25
Days on Market69
Property Features for 23 North Street
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Multi-family
Building Details
Year Built
1880
Listing Agency:
Coldwell Banker Realty - Worcester
Listed By:
Brandon O'Neal · License #K8000689
(774) 287-7398
Source:
Benoitrealestate
Added: Aug 12
Changed: Oct 11
Last Checked: Oct 19 at 9:34AM
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 - Worcester
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1880, this two-family property at 23 North St offers approximately 1,820 square feet of living area arranged across two levels. Separate living areas support a flexible residential configuration, while the unfinished basement provides additional storage and utility access. A detached garage adds covered storage or workshop space, and the gravel driveway accommodates multiple vehicles.
The property is located in Douglas within the Village Residential district and includes a wooded backdrop. Its setting provides access to local amenities, schools, shopping, and major commuter routes. The combination of two-family layout, off-street parking, garage space, and basement storage provides a practical configuration for owner occupancy, rental use, or multi-generational living.
The property is located in Douglas within the Village Residential district and includes a wooded backdrop. Its setting provides access to local amenities, schools, shopping, and major commuter routes. The combination of two-family layout, off-street parking, garage space, and basement storage provides a practical configuration for owner occupancy, rental use, or multi-generational living.
Key Highlights
- Two‑family layout with separate living areas
- Approximately 1,820 square feet across two levels
- Built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,602
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,040
$492.0K
Cap Rate 7%
$351,457
$351.5K
Cap Rate 9%
$273,356
$273.4K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$36.0K $19.80/SF
− Vacancy
−$890 −$0.49/SF
EGI
$35.1K $19.31/SF
− OpEx
−$10.5K −$5.79/SF
NOI
$24.6K $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%
$492,040
Cap Rate 7%
$351,457
Cap Rate 9%
$273,356
Alternative Uses
Best Use
Multifamily LT 5
$351.5K
$307.5K – $410.0K
NOI $24,602 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$621.5K
$543.8K – $725.1K
NOI $43,505 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 01516, MA
8,962
Population
3,558
Households
2.5
Avg Household Size
43
Median Age
44%
College-Educated
98%
High-School Grad
36.7 sq mi
ZIP Area
244
Density / Sq Mi
$147,859
Median Household Income
$70,780
Median Earnings
$1,537
Median Rent
$436,700
Median Home Value
Check the figures for this property
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-level duplex in Douglas with separate living areas, off-street parking, and a wooded rear setting.
Where is this duplex located?
The property is located at 23 North Street Douglas, MA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑family layout with separate living areas; Approximately 1,820 square feet across two levels; Built in 1880
