Two-Unit Duplex with Enclosed
For Sale
$439,900
37 Walsh Ave, Auburn, MA 01501
Both residences share the same two-bedroom layout, with additional garden-level space for flexible use.
Property Size1,955 SF
Price / SF$189.12
Days on Market10
Property Features for 37 Walsh Ave
General Information
Standard status
Active
Size
1,955 SF
Property subtype
Multi Family
Lease Term
Listing ID: 73594765, Standard Status: Active, MLS Status: Active, Property Subtype: Multi Family, Rent Includes: Unit 1(Heat,Water,Hot Water)
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Building Details
Building Size
1,955 SF
Year Built
1955
Buildings
1
Listing Agency:
RE/MAX Vision
(508) 595-9900
Listed By:
Ashley Fowler · License #9575614
(508) 723-4883
Source:
Iverty
Added: Oct 24
Changed: Nov 1
Last Checked: Nov 1 at 5:14AM
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 RE/MAX Vision
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Investment Insights
Based on property information with market context.
Built in 1955, this 2,326-square-foot duplex contains two matching residences, each with two bedrooms and approximately 800 square feet of living area. Enclosed, window-lined porches add more than 600 square feet. Interior details include built-ins and distinct living areas. The garden-level residence also has a bonus room with a fireplace, washer and dryer hookups, and direct entry to the private backyard.
The property is at 37 Walsh Ave in Auburn, Massachusetts. Mature trees border the yard, and off-street parking is available.
The property is at 37 Walsh Ave in Auburn, Massachusetts. Mature trees border the yard, and off-street parking is available.
Key Highlights
- Two matching two‑bedroom units, each with approximately 800 sq. ft.
- 2,326‑square‑foot property built in 1955
- Windowed enclosed porches provide 600+ SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,442
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,840
$628.8K
Cap Rate 7%
$449,171
$449.2K
Cap Rate 9%
$349,356
$349.4K
Market Conditions
NOI Build-Up for 2,326 SF
Gross rent
$46.1K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$44.9K $19.31/SF
− OpEx
−$13.5K −$5.79/SF
NOI
$31.4K $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%
$628,840
Cap Rate 7%
$449,171
Cap Rate 9%
$349,356
Alternative Uses
Best Use
Multifamily LT 5
$449.2K
$393.0K – $524.0K
NOI $31,442 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$390.9K
$342.0K – $456.1K
NOI $27,363 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$794.3K
$695.0K – $926.7K
NOI $55,601 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
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Business Placement
Demographics for 01501, MA
16,731
Population
7,040
Households
2.4
Avg Household Size
44
Median Age
42%
College-Educated
93%
High-School Grad
15.3 sq mi
ZIP Area
1,094
Density / Sq Mi
$101,929
Median Household Income
$62,296
Median Earnings
$1,241
Median Rent
$363,400
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 - Both residences share the same two-bedroom layout, with additional garden-level space for flexible use.
Where is this duplex located?
The property is located at 37 Walsh Ave Auburn, MA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two matching two‑bedroom units, each with approximately 800 sq. ft.; 2,326‑square‑foot property built in 1955; Windowed enclosed porches provide 600+ SqFt
