Duplex with Carriage
New
For Sale
$680,000
364 Main Street, Oxford, MA 01540
Two renovated residences include a finished upper-level loft and an attached carriage house for additional storage.
Property Size2,709 SF
Price / SF$251.02
Days on Market6
Property Features for 364 Main Street
General Information
Standard status
Active
Size
2,709 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
carriage house storage
Building Details
Year Built
1907
Listing Agency:
Lamacchia Realty,Inc.
Listed By:
The Balestracci Group
(508) 832-5324
Source:
Elevatedboston
Added: Oct 11
Changed: Oct 16
Last Checked: Oct 16 at 9:26AM
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 Lamacchia Realty,Inc.
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Investment Insights
Based on property information with market context.
Built in 1907, this duplex contains two three-bedroom residences, each with an updated full bath, an eat-in kitchen with granite countertops and stainless steel appliances, and a living room. The upper apartment also includes a finished loft reached by a walk-up staircase. An attached, three-story carriage house provides additional storage space.
Renovations include work to the roof, windows, siding, electrical, plumbing, and septic system, as well as updates to the kitchens and bathrooms, flooring, lighting, and paint. The property is close to Oxford’s town center, Jocelyn Park, the Historic District, shopping, restaurants, and major routes.
Renovations include work to the roof, windows, siding, electrical, plumbing, and septic system, as well as updates to the kitchens and bathrooms, flooring, lighting, and paint. The property is close to Oxford’s town center, Jocelyn Park, the Historic District, shopping, restaurants, and major routes.
Key Highlights
- Two residential units, each with three bedrooms and an updated full bath
- Upper unit features a finished loft with walk‑up access
- Attached three‑story carriage house provides additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,619
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,380
$732.4K
Cap Rate 7%
$523,129
$523.1K
Cap Rate 9%
$406,878
$406.9K
Market Conditions
NOI Build-Up for 2,709 SF
Gross rent
$53.6K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$52.3K $19.31/SF
− OpEx
−$15.7K −$5.79/SF
NOI
$36.6K $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%
$732,380
Cap Rate 7%
$523,129
Cap Rate 9%
$406,878
Alternative Uses
Best Use
Multifamily LT 5
$523.1K
$457.7K – $610.3K
NOI $36,619 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$455.3K
$398.4K – $531.2K
NOI $31,869 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$925.1K
$809.5K – $1.08M
NOI $64,756 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
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Business Placement
Demographics for 01540, MA
11,032
Population
4,337
Households
2.5
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
578
Density / Sq Mi
$118,389
Median Household Income
$52,248
Median Earnings
$1,135
Median Rent
$346,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated residences include a finished upper-level loft and an attached carriage house for additional storage.
Where is this duplex located?
The property is located at 364 Main Street Oxford, MA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two residential units, each with three bedrooms and an updated full bath; Upper unit features a finished loft with walk‑up access; Attached three‑story carriage house provides additional storage
