Three-Unit Riverfront
For Sale
$619,900
26 Powder Mill Road, Maynard, MA 01754
Route 62 frontage, river access, and B zoning support residential and business-oriented occupancy.
Property Size2,124 SF
Price / SF$291.85
Days on Market149
Property Features for 26 Powder Mill Road
General Information
Standard status
Active
Size
2,124 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
B
Net Operating Income
$53,160
Taxes and HOA fees
Annual Taxes
$9,327
Building Details
Building Size
2,124 SF
Year Built
1920
Stories
3
Listing Agency:
Coldwell Banker Realty - Concord
(978) 369-1000
Listed By:
Lauren Tetreault · License #38232
(978) 273-2005
Source:
Churchillprop
Added: May 19
Changed: Oct 10
Last Checked: Oct 12 at 4:59PM
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 - Concord
Investment Insights
Based on property information with market context.
This 2,124-square-foot triplex, built in 1920, contains three separate units. The first floor includes a two-bedroom layout with basement storage and can accommodate office, studio, retail, or service-based use. Two upper units each provide one bedroom. Separate heating systems serve each unit, while replacement windows and recent exterior paint add to the property’s improvements.
The property occupies a riverside lot with Assabet River frontage, backyard space, and a gardening area. Route 62 frontage provides direct roadway exposure, and the location is in Maynard near downtown shops, dining, and commuter routes. The property is zoned B, and current occupants are tenants at will.
The property occupies a riverside lot with Assabet River frontage, backyard space, and a gardening area. Route 62 frontage provides direct roadway exposure, and the location is in Maynard near downtown shops, dining, and commuter routes. The property is zoned B, and current occupants are tenants at will.
Key Highlights
- 2,124‑square‑foot triplex with three separate units
- First‑floor 2‑bedroom unit with office, studio, retail, or service‑use flexibility
- Two upper units, each with 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,945
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$898,900
$898.9K
Cap Rate 7%
$642,071
$642.1K
Cap Rate 9%
$499,389
$499.4K
Market Conditions
NOI Build-Up for 2,124 SF
Gross rent
$67.5K $31.80/SF
− Vacancy
−$3.3K −$1.57/SF
EGI
$64.2K $30.23/SF
− OpEx
−$19.3K −$9.07/SF
NOI
$44.9K $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%
$898,900
Cap Rate 7%
$642,071
Cap Rate 9%
$499,389
Alternative Uses
Best Use
Office B
$962.8K
$842.4K – $1.12M
NOI $67,395 @ 7.0% cap · market cap 10.87%
Second Best
Multifamily LT 5
$642.1K
$561.8K – $749.1K
NOI $44,945 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,018 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 01754, MA
10,730
Population
4,845
Households
2.2
Avg Household Size
43
Median Age
64%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
2,063
Density / Sq Mi
$119,549
Median Household Income
$74,452
Median Earnings
$1,678
Median Rent
$494,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Route 62 frontage, river access, and B zoning support residential and business-oriented occupancy.
Where is this triplex located?
The property is located at 26 Powder Mill Road Maynard, MA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: 2,124‑square‑foot triplex with three separate units; First‑floor 2‑bedroom unit with office, studio, retail, or service‑use flexibility; Two upper units, each with 1 bedroom
