Four-Unit Brick Apartment
28-30 Second St, Montague, MA 01376
For Sale
$774,900
Each residence has four rooms, two bedrooms, and one full bathroom.
Property Size4,000 SF
Price / SF$193.73
Days on Market101
Property Features for 28-30 Second St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Community REALTORS
Listed By:
Donald Mailloux
(413) 834-1524
Source:
Dreamegarealty
Added: Jul 31
Changed: Nov 7
Last Checked: Nov 7 at 5:37PM
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 Community REALTORS
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Investment Insights
Based on property information with market context.
This 1925 brick apartment property contains four residences, each configured with four rooms, two bedrooms, and one full bathroom. A detached garage with 10 parking spaces is part of the offering, along with a neighboring two-family property at 24 Second Street; the properties are being sold together.
Public parking is located across the street. The package combines the four-unit building, the two-family property, and the detached garage in one sale.
Public parking is located across the street. The package combines the four-unit building, the two-family property, and the detached garage in one sale.
Key Highlights
- Four‑unit brick building constructed in 1925
- Each residence has 4 rooms, 2 bedrooms, and 1 full bath
- Detached 10‑car garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,741
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,820
$1.2M
Cap Rate 7%
$839,157
$839.2K
Cap Rate 9%
$652,678
$652.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$88.8K $22.20/SF
− Vacancy
−$4.9K −$1.22/SF
EGI
$83.9K $20.98/SF
− OpEx
−$25.2K −$6.29/SF
NOI
$58.7K $14.69/SF
Area
Franklin County, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,820
Cap Rate 7%
$839,157
Cap Rate 9%
$652,678
Alternative Uses
Best Use
Multifamily LT 5
$839.2K
$734.3K – $979.0K
NOI $58,741 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$758.7K
$663.9K – $885.2K
NOI $53,112 @ 7.0% cap · market cap 6.85%
Theoretical Best
Healthcare Medical
$1.66M
$1.45M – $1.94M
NOI $116,108 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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Business Placement
Demographics for 01376, MA
5,324
Population
2,471
Households
2.2
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
1,299
Density / Sq Mi
$57,857
Median Household Income
$39,426
Median Earnings
$1,147
Median Rent
$237,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has four rooms, two bedrooms, and one full bathroom.
Where is this quadplex located?
The property is located at 28-30 Second St Montague, MA.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Four‑unit brick building constructed in 1925; Each residence has 4 rooms, 2 bedrooms, and 1 full bath; Detached 10‑car garage included
