Two-Unit Duplex with Covered
39 Park Street, Montague, MA 01376
For Sale
$389,900
Separate utilities and natural gas heating serve both apartments, with off-street parking and a backyard on site.
Property Size2,459 SF
Price / SF$158.56
Days on Market14
Property Features for 39 Park Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
covered porches
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Fitzgerald Real Estate
Listed By:
Corinne A Fitzgerald · License #449000270
(413) 320-9509
Source:
Laerrealty
Added: Oct 26
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 Fitzgerald Real Estate
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Investment Insights
Based on property information with market context.
This 2,459-square-foot duplex contains two apartments, each arranged with six rooms and two to three bedrooms. Interior finishes include hardwood, vinyl, and vinyl plank flooring, along with built-ins and original details. Improvements include a replacement roof, vinyl siding, and replacement windows; lead compliance certificates are also in place. Separate utilities serve the units, which have natural gas heat and hot water. Interior stairs lead to a full walk-up attic that provides storage and potential for additional living space.
Covered porches are located on each level, and the property also has off-street parking and a backyard bordered by mature hedges. The building was constructed in 1880 and is zoned RS. The property is at 39 Park Street in Montague, Massachusetts.
Covered porches are located on each level, and the property also has off-street parking and a backyard bordered by mature hedges. The building was constructed in 1880 and is zoned RS. The property is at 39 Park Street in Montague, Massachusetts.
Key Highlights
- Two apartments, each with six rooms and two to three bedrooms
- 2,459 SF duplex built in 1880
- Replacement roof, vinyl siding, and replacement windows; lead compliance certificates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,650
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,000
$653.0K
Cap Rate 7%
$466,429
$466.4K
Cap Rate 9%
$362,778
$362.8K
Market Conditions
NOI Build-Up for 2,459 SF
Gross rent
$62.0K $25.20/SF
− Vacancy
−$2.6K −$1.06/SF
EGI
$59.4K $24.14/SF
− OpEx
−$26.7K −$10.86/SF
NOI
$32.7K $13.28/SF
Area
Franklin County, MA
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,000
Cap Rate 7%
$466,429
Cap Rate 9%
$362,778
Alternative Uses
Best Use
Multifamily LT 5
$515.9K
$451.4K – $601.9K
NOI $36,111 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$466.4K
$408.1K – $544.2K
NOI $32,650 @ 7.0% cap · market cap 8.37%
Theoretical Best
Healthcare Medical
$1.02M
$892.2K – $1.19M
NOI $71,377 @ 7.0% cap · market cap 18.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
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Business Placement
Demographics for 01376, MA
5,324
Population
2,471
Households
2.2
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
1,299
Density / Sq Mi
$57,857
Median Household Income
$39,426
Median Earnings
$1,147
Median Rent
$237,800
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 - Separate utilities and natural gas heating serve both apartments, with off-street parking and a backyard on site.
Where is this duplex located?
The property is located at 39 Park Street Montague, MA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two apartments, each with six rooms and two to three bedrooms; 2,459 SF duplex built in 1880; Replacement roof, vinyl siding, and replacement windows; lead compliance certificates
