Side-by-Side Two-Family
4 Gates Terrace Sterling, MA 01564
For Sale
$649,900
Rare side-by-side duplex offers two units with separate utilities and off-street parking plus an owned solar tracker system.
Property Size2,624 SF
Price / SF$247.68
Days on Market105
Property Features for 4 Gates Terrace
General Information
- Standard status
- Active
- Size
- 2,624 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1900
Listing Agency:
eXp Realty
(888) 854-7493
Listed By:
Isaac Dube · License #9577725
(888) 854-7493
Source:
Compass
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 2:54PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Rare side-by-side 2-family duplex in Sterling offering a comfortable layout with separate utilities for each unit. The property includes updated, well-kept interiors described as spacious with abundant natural light. Ample off-street parking supports day-to-day convenience.
The sale includes an owned solar tracker system for added efficiency.
Each unit is configured as part of a two-family, side-by-side setup, providing flexibility for an owner-occupant or a low-maintenance income strategy. Ownership also includes a licensed real estate agent disclosure from the owners.
The sale includes an owned solar tracker system for added efficiency.
Each unit is configured as part of a two-family, side-by-side setup, providing flexibility for an owner-occupant or a low-maintenance income strategy. Ownership also includes a licensed real estate agent disclosure from the owners.
Key Highlights
- Side‑by‑side 2‑family duplex with separate utilities
- Unfinished basement and wood flooring
- 2 full bathrooms total
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.0k | $19.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $50.7k | $19.31 |
| − OpEx | −$15.2k | −$5.79 |
| NOI | $35.5k | $13.52 |
2,624 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.7K
$443.4K – $591.2K
NOI $35,470 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$441.0K
$385.9K – $514.5K
NOI $30,869 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$896.1K
$784.1K – $1.05M
NOI $62,724 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Rare side-by-side duplex offers two units with separate utilities and off-street parking plus an owned solar tracker system.
Where is this duplex located?
The property is located at 4 Gates Terrace Sterling, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Side‑by‑side 2‑family duplex with separate utilities; Unfinished basement and wood flooring; 2 full bathrooms total
