Two-Unit Duplex with
New
For Sale
$450,000
4 Third Avenue, Dudley, MA 01571
Each residence has three bedrooms, a full bath, and a separate kitchen and living room.
Property Size2,184 SF
Price / SF$206.04
Days on Market6
Property Features for 4 Third Avenue
General Information
Standard status
Active
Size
2,184 SF
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1987
Listing Agency:
Lamacchia Realty, Inc.
(508) 425-7372
Listed By:
Genevieve Botelho · License #453003945
(508) 954-6444
Source:
Lockandkeyre
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 6:43PM
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.
Investment Insights
Based on property information with market context.
Built in 1987, this 2,184-square-foot duplex contains two matching residences. Each unit includes a kitchen, living room, three bedrooms, and one full bath. An unfinished basement provides storage and access to building systems. The roof was replaced in 2023, and both units received new hot water heaters in 2024.
A paved driveway provides off-street parking, with a grassy yard and mature trees around the property. Dudley Beach is approximately 1.2 miles away.
A paved driveway provides off-street parking, with a grassy yard and mature trees around the property. Dudley Beach is approximately 1.2 miles away.
Key Highlights
- Two matching units, each with a kitchen, living room, three bedrooms, and a full bath
- 2,184 square feet; built in 1987
- Roof updated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,523
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,460
$590.5K
Cap Rate 7%
$421,757
$421.8K
Cap Rate 9%
$328,033
$328.0K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$43.2K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$42.2K $19.31/SF
− OpEx
−$12.7K −$5.79/SF
NOI
$29.5K $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%
$590,460
Cap Rate 7%
$421,757
Cap Rate 9%
$328,033
Alternative Uses
Best Use
Multifamily LT 5
$421.8K
$369.0K – $492.1K
NOI $29,523 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$367.0K
$321.2K – $428.2K
NOI $25,693 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$745.8K
$652.6K – $870.1K
NOI $52,206 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 01571, MA
11,921
Population
4,295
Households
2.8
Avg Household Size
40
Median Age
25%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
573
Density / Sq Mi
$85,179
Median Household Income
$43,232
Median Earnings
$1,188
Median Rent
$372,400
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 - Each residence has three bedrooms, a full bath, and a separate kitchen and living room.
Where is this duplex located?
The property is located at 4 Third Avenue Dudley, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two matching units, each with a kitchen, living room, three bedrooms, and a full bath; 2,184 square feet; built in 1987; Roof updated in 2023
