Side-by-Side
For Sale
$649,900
Pending
4 Gates Ter, Sterling, MA 01564
Updated two-unit property with separate utilities and off-street parking.
Property Size2,624 SF
Days on Market195
Property Features for 4 Gates Ter
General Information
Standard status
Pending
Size
2,624 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Zoning
NR
Additional Details
Multifamily Units
2
Amenities
solar tracker system
Electric Dryer Hookup, Washer Hookup
Wood
Yes
Shingle
1.0
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
8
Building Details
Building Size
2,624 SF
Year Built
1900
Stories
6
Listing Agency:
eXp Realty
Listed By:
Isaac Dube · License #9577725
(888) 854-7493
Source:
Reishomesearch
Added: Apr 6
Changed: Aug 29
Last Checked: Apr 22 at 11:01AM
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
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Investment Insights
Based on property information with market context.
This 2,624-square-foot duplex contains two side-by-side residential units within a property built in 1900. Both residences have updated interiors, generous room layouts, and strong natural light. Separate utility systems support distinct unit operations, while off-street parking adds practical convenience for occupants.
The property includes an owned solar tracker system, providing an additional on-site energy feature. Located at 4 Gates Terrace in Sterling, Massachusetts, the building offers a two-unit configuration suited to residential ownership or occupancy arrangements.
The property includes an owned solar tracker system, providing an additional on-site energy feature. Located at 4 Gates Terrace in Sterling, Massachusetts, the building offers a two-unit configuration suited to residential ownership or occupancy arrangements.
Key Highlights
- 2,624 SF duplex with two side‑by‑side residential units
- Updated interiors and spacious layouts in both units
- Separate utilities for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,470
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,400
$709.4K
Cap Rate 7%
$506,714
$506.7K
Cap Rate 9%
$394,111
$394.1K
Market Conditions
NOI Build-Up for 2,624 SF
Gross rent
$52.0K $19.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$50.7K $19.31/SF
− OpEx
−$15.2K −$5.79/SF
NOI
$35.5K $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%
$709,400
Cap Rate 7%
$506,714
Cap Rate 9%
$394,111
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 authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 01564, MA
7,985
Population
3,298
Households
2.4
Avg Household Size
48
Median Age
53%
College-Educated
95%
High-School Grad
30.6 sq mi
ZIP Area
261
Density / Sq Mi
$136,027
Median Household Income
$78,506
Median Earnings
$1,606
Median Rent
$467,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with separate utilities and off-street parking.
Where is this duplex located?
The property is located at 4 Gates Ter 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: 2,624 SF duplex with two side‑by‑side residential units; Updated interiors and spacious layouts in both units; Separate utilities for each residence
