Building Details

Year Built 2020

Listing Agency: Keller Williams Realty North Central Show Phone

Listed By: Joseph Paoletti · License #9557366 Show Phone

Source: Lockandkeyre

Added: Jun 22 Changed: Oct 16 Last Checked: Oct 16 at 9:13AM

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Investment Insights

Based on property information with market context.

Built in 2020, this 2,346-square-foot duplex contains two residences with a combined 5 bedrooms and 3.5 bathrooms. The main unit offers an open living and dining arrangement, an updated kitchen with stainless-steel appliances, a back deck accessed through a slider, first-floor laundry, and a primary suite with a walk-in closet and private bath. The lower-level apartment includes stainless-steel appliances, recessed lighting, newer laminate flooring, and in-unit laundry. A 1-car garage serves the property.

The property is located in a quiet neighborhood in Athol, Massachusetts, and its two-unit configuration supports multiple occupancy arrangements, including owner use, rental occupancy, or multigenerational living.

Key Highlights

• Two‑unit duplex built in 2020
• 2,346 square feet with 5 bedrooms and 3.5 bathrooms
• Main residence includes updated kitchen, back deck, first‑floor laundry, and primary suite

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,712

Cap Rate

6.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$634,240 $634.2K

Cap Rate 7%

$453,029 $453.0K

Cap Rate 9%

$352,356 $352.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,346 SF

Gross rent

$46.5K $19.80/SF

− Vacancy

−$1.1K −$0.49/SF

EGI

$45.3K $19.31/SF

− OpEx

−$13.6K −$5.79/SF

NOI

$31.7K $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%

$634,240

Cap Rate 7%

$453,029

Cap Rate 9%

$352,356

Alternative Uses

Best Use

Multifamily LT 5

$453.0K

$396.4K – $528.5K (±1% cap)

NOI $31,712 @ 7.0% cap · market cap 6.68%

Second Best

Apartment 5plus

$394.3K

$345.0K – $460.0K (±1% cap)

NOI $27,598 @ 7.0% cap · market cap 5.81%

Theoretical Best

Office A

$801.1K

$701.0K – $934.7K (±1% cap)

NOI $56,079 @ 7.0% cap · market cap 11.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Bakery Hair Salon HVAC Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

157

Businesses Nearby

Explore this area Business Placement

Demographics for 01331, MA

13,656

Population

6,050

Households

2.3

Avg Household Size

44

Median Age

21%

College-Educated

89%

High-School Grad

54.2 sq mi

ZIP Area

252

Density / Sq Mi

$68,345

Median Household Income

$42,132

Median Earnings

$1,041

Median Rent

$257,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Newer construction includes stainless-steel appliances and laundry in both residences.

Where is this duplex located?

The property is located at 45 Chestnut St Athol, MA.

What is the asking price?

The asking price for this property is $474,900.

What are key features of this property?

This property features: Two‑unit duplex built in 2020; 2,346 square feet with 5 bedrooms and 3.5 bathrooms; Main residence includes updated kitchen, back deck, first‑floor laundry, and primary suite