Two-Unit Duplex with Fenced
New
For Sale
$325,000
411-413 River St, Winchendon, MA 01475
A two-bedroom residence pairs with a separate one-bedroom unit that provides rental income.
Property Size1,602 SF
Price / SF$202.87
Days on Market5
Property Features for 411-413 River St
General Information
Standard status
Active
Size
1,602 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
off-street parking
fenced in backyard
three-season porch
Building Details
Year Built
1900
Listing Agency:
Eileen Griffin Wright, Keller Williams Realty North Central
Listed By:
Michelle Terry Team
(508) 202-0008
Source:
Centralmassachusettsproperties
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 9:03AM
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 Eileen Griffin Wright, Keller Williams Realty North Central
Investment Insights
Based on property information with market context.
This 1,602-square-foot duplex, built in 1900, contains two side-by-side residences. The larger home has two bedrooms, a living room, dining room, kitchen, pantry, three-season porch, and an upstairs foyer or flex area. Its kitchen and bathroom have been updated, and the property also has newer plumbing and electrical, insulation, and a replacement oil tank. Flooring includes hardwood, tile, and newer LVP. The other residence has one bedroom, a separate electrical panel, propane heat, and propane hot water; utilities are currently included in its rent.
The property is served by town water and sewer and includes off-street parking and a fenced backyard.
The property is served by town water and sewer and includes off-street parking and a fenced backyard.
Key Highlights
- Two side‑by‑side residences: a two‑bedroom home and a one‑bedroom unit
- 1,602 square feet; built in 1900
- Larger residence includes a three‑season porch, pantry, and upstairs flex area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,655
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,100
$433.1K
Cap Rate 7%
$309,357
$309.4K
Cap Rate 9%
$240,611
$240.6K
Market Conditions
NOI Build-Up for 1,602 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$783 −$0.49/SF
EGI
$30.9K $19.31/SF
− OpEx
−$9.3K −$5.79/SF
NOI
$21.7K $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%
$433,100
Cap Rate 7%
$309,357
Cap Rate 9%
$240,611
Alternative Uses
Best Use
Multifamily LT 5
$309.4K
$270.7K – $360.9K
NOI $21,655 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$269.2K
$235.6K – $314.1K
NOI $18,846 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$547.1K
$478.7K – $638.2K
NOI $38,294 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 01475, MA
10,304
Population
4,095
Households
2.5
Avg Household Size
42
Median Age
24%
College-Educated
94%
High-School Grad
42.8 sq mi
ZIP Area
241
Density / Sq Mi
$85,638
Median Household Income
$50,352
Median Earnings
$1,245
Median Rent
$294,900
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 - A two-bedroom residence pairs with a separate one-bedroom unit that provides rental income.
Where is this duplex located?
The property is located at 411-413 River St Winchendon, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two side‑by‑side residences: a two‑bedroom home and a one‑bedroom unit; 1,602 square feet; built in 1900; Larger residence includes a three‑season porch, pantry, and upstairs flex area
