Townhouse-Style Two-Family
2428-2430 Providence Road Northbridge, MA 01534
2428-2430 Providence Road, Northbridge, MA, 01534
$459,990
For Sale
$459,990
Townhouse-style duplex with a vacant, updated unit and a second occupied unit plus storage shed and parking for six cars.
Property Size2,288 SF
Price / SF$201.04
Days on Market127
Property Features for 2428-2430 Providence Road
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1870
Listing agency
Real Broker MA,LLC
Listed by
The Liberty Group
(617) 846-8000
Source
Highlandre
Added: Mar 17 Updated: Jul 20 at 5:47PM Checked: Jul 21 at 7:12AM
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 townhouse-style two-family duplex includes a vacant unit that has been updated with stainless steel appliances, granite countertops, and white modern cabinets. The main level features a dining area that seats 6 and opens to a large living room, along with a full bath and a laundry closet. The second floor offers a large primary bedroom with wood floors and a walk-in closet, plus two additional bedrooms. The third floor provides three additional rooms for separation or expansion. The vacant unit is heated with plug-in heaters, with the option for future permanent electric baseboard heaters.
The occupied unit has three bedrooms and one bathroom, with a mirrored second-floor setup and a kitchen featuring white appliances and neutral laminate countertops. Grey click-connect flooring runs throughout most of the occupied unit. The property also includes a three-bay shed for storage and parking for six cars.
The occupied unit has three bedrooms and one bathroom, with a mirrored second-floor setup and a kitchen featuring white appliances and neutral laminate countertops. Grey click-connect flooring runs throughout most of the occupied unit. The property also includes a three-bay shed for storage and parking for six cars.
Key Highlights
- Townhouse‑style 2‑family duplex built in 1870 with one vacant updated unit and one occupied unit.
- Vacant unit updates include stainless steel appliances, granite countertops, and modern white cabinets.
- Vacant unit main floor features a dining area seating 6, a large living room, a full bath, and a laundry closet.
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 | $45.3k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $44.2k | $19.31 |
| − OpEx | −$13.3k | −$5.79 |
| NOI | $30.9k | $13.52 |
2,288 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$441.8K
$386.6K – $515.5K
NOI $30,928 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$384.5K
$336.5K – $448.6K
NOI $26,916 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$781.3K
$683.7K – $911.5K
NOI $54,692 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Townhouse-style duplex with a vacant, updated unit and a second occupied unit plus storage shed and parking for six cars.
Where is this duplex located?
The property is located at 2428-2430 Providence Road Northbridge, MA.
What is the asking price?
The asking price for this property is $459,990.
What are key features of this property?
This property features: Townhouse‑style 2‑family duplex built in 1870 with one vacant updated unit and one occupied unit.; Vacant unit updates include stainless steel appliances, granite countertops, and modern white cabinets.; Vacant unit main floor features a dining area seating 6, a large living room, a full bath, and a laundry closet.
