Three-Unit Residential Property with
28 Brandon Rd, Dudley, MA 01571
For Sale
New
$434,000
Separate gas heating and laundry hookups serve each apartment, with additional storage on every floor.
Property Size3,084 SF
Price / SF$140.73
Days on Market5
Property Features for 28 Brandon Rd
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Tenant in Place
Amenities
washer/dryer hookups
storage
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Coldwell Banker Realty - Worcester
(508) 795-7500
Listed By:
Ingrid Karp · License MA #453011511
(508) 864-4492
Source:
Lockandkeyre
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:40PM
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
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Investment Insights
Based on property information with market context.
This three-unit residential property contains approximately 3,084 square feet, with a kitchen, combined living and dining area, full bathroom, and laundry hookups in each apartment. Units have one or two bedrooms, and each is served by separate gas heat. Storage is available on every apartment floor. A detached two-car garage is used by two of the units, and the property also has four off-street parking spaces.
Built in 1910, the building has two rented apartments and a vacant first-floor unit. That apartment has been updated and freshly painted, offering a different occupancy status from the other two units.
Built in 1910, the building has two rented apartments and a vacant first-floor unit. That apartment has been updated and freshly painted, offering a different occupancy status from the other two units.
Key Highlights
- Three apartments, each with separate gas heat
- Approximately 3,084 square feet of living area
- Four off‑street parking spaces and a detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,280
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,600
$725.6K
Cap Rate 7%
$518,286
$518.3K
Cap Rate 9%
$403,111
$403.1K
Market Conditions
NOI Build-Up for 3,084 SF
Gross rent
$67.7K $21.96/SF
− Vacancy
−$1.8K −$0.57/SF
EGI
$66.0K $21.39/SF
− OpEx
−$29.7K −$9.63/SF
NOI
$36.3K $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%
$725,600
Cap Rate 7%
$518,286
Cap Rate 9%
$403,111
Alternative Uses
Best Use
Multifamily LT 5
$595.5K
$521.1K – $694.8K
NOI $41,688 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$518.3K
$453.5K – $604.7K
NOI $36,280 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$1.05M
$921.5K – $1.23M
NOI $73,720 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
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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
$372,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Worcester County, MA
Properties on Market for Triplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Separate gas heating and laundry hookups serve each apartment, with additional storage on every floor.
Where is this triplex located?
The property is located at 28 Brandon Rd Dudley, MA.
What is the asking price?
The asking price for this property is $434,000.
What are key features of this property?
This property features: Three apartments, each with separate gas heat; Approximately 3,084 square feet of living area; Four off‑street parking spaces and a detached two‑car garage
