Duplex With Fenced
For Sale
$689,999
Pending
354-356 South Street, Northborough, MA 01532
Two residential units provide separate living spaces, outdoor areas, and a vacant delivery for flexible occupancy planning.
Property Size2,070 SF
Days on Market82
Property Features for 354-356 South Street
General Information
Standard status
Pending
Size
2,070 SF
Property subtype
Multi-family
Lease Term
[]
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
fenced backyard
patio
deck
Building Details
Year Built
1959
Buildings
1
Listing Agency:
Keller Williams Boston MetroWest
Listed By:
Jennifer Juliano
(978) 537-8301
Source:
Foster-healey
Added: Jul 17
Changed: Oct 4
Last Checked: Oct 5 at 9:21PM
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 Keller Williams Boston MetroWest
Investment Insights
Based on property information with market context.
Built in 1959, this 2,070-square-foot duplex contains two residential units, each arranged with two bedrooms, a living room, and an eat-in kitchen. One unit includes a walkout to a small patio, while the other has a small deck. A large fenced backyard adds usable outdoor space, and newer 100-amp circuit breakers serve the property.
The property is located at 354-356 South Street in Northborough, Massachusetts, directly across from Ellsworth Park, which includes pickleball courts and a recreation field. It is also positioned near Routes 20 and 9, Wegmans shopping plaza, and schools. Town sewer was recently connected, while the property retains private water. The building will be delivered vacant.
The property is located at 354-356 South Street in Northborough, Massachusetts, directly across from Ellsworth Park, which includes pickleball courts and a recreation field. It is also positioned near Routes 20 and 9, Wegmans shopping plaza, and schools. Town sewer was recently connected, while the property retains private water. The building will be delivered vacant.
Key Highlights
- 2,070‑square‑foot duplex built in 1959
- Two units, each with two bedrooms, a living room, and an eat‑in kitchen
- Large fenced backyard, plus a small patio and small deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,982
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,640
$559.6K
Cap Rate 7%
$399,743
$399.7K
Cap Rate 9%
$310,911
$310.9K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$41.0K $19.80/SF
− Vacancy
−$1.0K −$0.49/SF
EGI
$40.0K $19.31/SF
− OpEx
−$12.0K −$5.79/SF
NOI
$28.0K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,640
Cap Rate 7%
$399,743
Cap Rate 9%
$310,911
Alternative Uses
Best Use
Multifamily LT 5
$399.7K
$349.8K – $466.4K
NOI $27,982 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$347.9K
$304.4K – $405.9K
NOI $24,351 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$706.9K
$618.5K – $824.7K
NOI $49,481 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 01532, MA
15,741
Population
5,913
Households
2.7
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
18.5 sq mi
ZIP Area
851
Density / Sq Mi
$174,358
Median Household Income
$90,816
Median Earnings
$2,087
Median Rent
$598,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide separate living spaces, outdoor areas, and a vacant delivery for flexible occupancy planning.
Where is this duplex located?
The property is located at 354-356 South Street Northborough, MA.
What is the asking price?
The asking price for this property is $689,999.
What are key features of this property?
This property features: 2,070‑square‑foot duplex built in 1959; Two units, each with two bedrooms, a living room, and an eat‑in kitchen; Large fenced backyard, plus a small patio and small deck
