Building Details

Building Size 2,229 SF

Year Built 1900

Stories 1

Listing Agency: Coldwell Banker Realty - Worcester Show Phone

Listed By: Nancy M. Gilmour Show Phone

Source: Churchillprop

Added: Feb 11 Changed: Oct 6 Last Checked: Oct 16 at 7:31AM

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Investment Insights

Based on property information with market context.

This two-story multifamily property contains 2,229 square feet of living area, four bedrooms, and two full bathrooms. A three-season porch adds seasonal living space, while the two-car garage provides covered parking and storage. Built in 1900, the residence requires work and renovations and is offered in as-is condition. The sale excludes the owner’s personal property.

The property occupies a 6,534 square foot lot at 25 Quinebaug Road in Dudley, Massachusetts. R 30 zoning is identified for the site. Its existing configuration combines residential space with practical features that can support a renovation-oriented ownership plan.

Key Highlights

• 2,229 square feet of living area across two stories
• Four‑bedroom layout with two full bathrooms
• Three‑season porch for additional seasonal living space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,222

Cap Rate

6.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$524,440 $524.4K

Cap Rate 7%

$374,600 $374.6K

Cap Rate 9%

$291,356 $291.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,229 SF

Gross rent

$48.9K $21.96/SF

− Vacancy

−$1.3K −$0.57/SF

EGI

$47.7K $21.39/SF

− OpEx

−$21.5K −$9.63/SF

NOI

$26.2K $11.76/SF

Area

Worcester County, MA

Vacancy

2.60%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$524,440

Cap Rate 7%

$374,600

Cap Rate 9%

$291,356

Alternative Uses

Best Use

Apartment 5plus

$374.6K

$327.8K – $437.0K (±1% cap)

NOI $26,222 @ 7.0% cap · market cap 6.40%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$761.2K

$666.0K – $888.0K (±1% cap)

NOI $53,282 @ 7.0% cap · market cap 13.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service Auto Parts Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Law Firm Daycare 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

55

Businesses Nearby

Explore this area Business Placement

Demographics for 01571, MA

11,921

Population

4,295

Households

2.8

Avg Household Size

40

Median Age

25%

College-Educated

92%

High-School Grad

20.8 sq mi

ZIP Area

573

Density / Sq Mi

$85,179

Median Household Income

$43,232

Median Earnings

$1,188

Median Rent

$372,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Two-story residence with a three-season porch, four bedrooms, and renovation needs.

Where is this multifamily property located?

The property is located at 25 Quinebaug Road Dudley, MA.

What is the asking price?

The asking price for this property is $409,900.

What are key features of this property?

This property features: 2,229 square feet of living area across two stories; Four‑bedroom layout with two full bathrooms; Three‑season porch for additional seasonal living space