Renovated Duplex with
For Sale
$469,900
Pending
46 Juniper Street, Winchendon, MA 01475
Vacant two-family property with separate utilities, in-unit laundry, updated systems, and a detached garage.
Property Size1,923 SF
Days on Market221
Property Features for 46 Juniper Street
General Information
Standard status
Pending
Size
1,923 SF
Total Parking Spaces
6
Property subtype
Multi-family / 2 Family
Zoning
R10
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,093
Amenities
in-unit laundry
No
Range, Dishwasher, Microwave, Refrigerator
Insulated Doors, Storm Door(s)
2.0
Insulated Windows, Screens
Electric Dryer Hookup, Washer Hookup
Full, Interior Access, Concrete Floor, Unfinished Basement
Living Room, Kitchen, Laundry Room, Window AC
2
2.00
Frame
Shingle, Rubber
Level
Screens, Porch
Porch
Building Details
Year Built
1890
Listing Agency:
RE/MAX Vision
(508) 595-9900
Listed By:
Kimberly Clark · License #9561822
(508) 595-9900
Source:
Compass
Added: Jan 21
Changed: Aug 30
Last Checked: Aug 30 at 5:15AM
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 RE/MAX Vision
Investment Insights
Based on property information with market context.
This 1,923-square-foot duplex, originally built in 1890, has been comprehensively renovated and will be delivered vacant. Each residence includes two bedrooms, one full bathroom, an eat-in kitchen, living room, and laundry area. Kitchen finishes include granite countertops and stainless steel appliances, while updated electrical and plumbing support the remodeled interiors. The property also features Rinnai combination propane boilers, insulated windows, new siding, and a new roof. Energy improvements meet HERS index requirements.
A detached two-car garage adds covered parking and storage, with new doors, roofing, and siding. The property is near downtown, the YMCA, public transportation, RT 140, RT 2, the New Hampshire state line, and a golf course. The R10 zoning, separate metering, and two-unit layout provide a practical configuration for residential income ownership or an owner-occupant arrangement.
A detached two-car garage adds covered parking and storage, with new doors, roofing, and siding. The property is near downtown, the YMCA, public transportation, RT 140, RT 2, the New Hampshire state line, and a golf course. The R10 zoning, separate metering, and two-unit layout provide a practical configuration for residential income ownership or an owner-occupant arrangement.
Key Highlights
- 1,923 SF duplex with two residential units
- Each unit offers 2 bedrooms and 1 full bath
- Detached 2‑car garage with new doors, roof, and siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,994
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$519,880
$519.9K
Cap Rate 7%
$371,343
$371.3K
Cap Rate 9%
$288,822
$288.8K
Market Conditions
NOI Build-Up for 1,923 SF
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.
Gross rent
$38.1K $19.80/SF
− Vacancy
−$940 −$0.49/SF
EGI
$37.1K $19.31/SF
− OpEx
−$11.1K −$5.79/SF
NOI
$26.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$519,880
Cap Rate 7%
$371,343
Cap Rate 9%
$288,822
Alternative Uses
Best Use
Multifamily LT 5
$371.3K
$324.9K – $433.2K
NOI $25,994 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$323.2K
$282.8K – $377.0K
NOI $22,622 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$656.7K
$574.6K – $766.1K
NOI $45,967 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
300
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family property with separate utilities, in-unit laundry, updated systems, and a detached garage.
Where is this duplex located?
The property is located at 46 Juniper Street Winchendon, MA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 1,923 SF duplex with two residential units; Each unit offers 2 bedrooms and 1 full bath; Detached 2‑car garage with new doors, roof, and siding
