4-Unit Quadplex with
324 Front Street, Winchendon, MA 01475
For Sale
$475,000
Fully occupied four-family property with varied apartment layouts, dedicated heating systems, and a detached garage.
Property Size3,418 SF
Price / SF$138.97
Days on Market112
Property Features for 324 Front Street
General Information
Standard status
Size
Property subtype
Occupancy
Lease Term
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Amenities
back yard
Building Details
Year Built
Listing Agency:
Freedom Real Estate
Listed By:
Paul Michaud · License MA #454501694
(978) 632-7010
Source:
Foster-healey
Added: Jul 25
Changed: Nov 12
Last Checked: Nov 12 at 8:27AM
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 Freedom Real Estate
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Investment Insights
Based on property information with market context.
Built in 1860, this four-unit property at 324 Front St includes two one-bedroom apartments on the first level, plus a one-bedroom and a two-bedroom apartment above. The two-bedroom unit also has access to a third-floor den. Each apartment is equipped with a forced-hot-water furnace, tankless hot water, and a dedicated oil tank, with tenants responsible for heat and hot water.
A detached 30-by-30-foot garage with two doors is included with the two-bedroom apartment. The property occupies a corner lot on a dead-end street and includes a backyard for outdoor use. Roofing across the property, including the garage’s flat roof, was replaced within the last 8 years. The property is fully occupied.
A detached 30-by-30-foot garage with two doors is included with the two-bedroom apartment. The property occupies a corner lot on a dead-end street and includes a backyard for outdoor use. Roofing across the property, including the garage’s flat roof, was replaced within the last 8 years. The property is fully occupied.
Key Highlights
- Four apartments: three 1‑bedroom units and one 2‑bedroom unit
- Third‑floor den accessible from the 2‑bedroom apartment
- 30x30 garage with 2 doors included with 2‑bedroom rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,209
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,180
$804.2K
Cap Rate 7%
$574,414
$574.4K
Cap Rate 9%
$446,767
$446.8K
Market Conditions
NOI Build-Up for 3,418 SF
Gross rent
$75.1K $21.96/SF
− Vacancy
−$2.0K −$0.57/SF
EGI
$73.1K $21.39/SF
− OpEx
−$32.9K −$9.63/SF
NOI
$40.2K $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%
$804,180
Cap Rate 7%
$574,414
Cap Rate 9%
$446,767
Alternative Uses
Best Use
Multifamily LT 5
$660.0K
$577.5K – $770.1K
NOI $46,203 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$574.4K
$502.6K – $670.2K
NOI $40,209 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,704 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 01475, MA
10,304
Population
4,095
Households
2.5
Avg Household Size
42
Median Age
24%
College-Educated
94%
High-School Grad
42.8 sq mi
ZIP Area
241
Density / Sq Mi
$85,638
Median Household Income
$50,352
Median Earnings
$1,245
Median Rent
$294,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Worcester County, MA
Properties on Market for Quadplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-family property with varied apartment layouts, dedicated heating systems, and a detached garage.
Where is this quadplex located?
The property is located at 324 Front Street Winchendon, MA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four apartments: three 1‑bedroom units and one 2‑bedroom unit; Third‑floor den accessible from the 2‑bedroom apartment; 30x30 garage with 2 doors included with 2‑bedroom rent
