Residential Income
For Sale
$749,500
46 Summer, Westborough, MA 01581
The 1867 property has a full unfinished basement and natural gas, hot-water steam heat with zoned controls.
Property Size2,482 SF
Price / SF$301.97
Days on Market26
Property Features for 46 Summer
General Information
Standard status
Active
Size
2,482 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
MF
Net Operating Income
$42,000
Taxes and HOA fees
Annual Taxes
$10,517
Amenities
Golf
Natural Gas, Hot Water, Steam, Zoned
Full, Unfinished
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Washer/Dryer, Gas Water Heater
Crown Molding
Paved, Off Street
Rain Gutters, Garden
Building Details
Building Size
2,482 SF
Year Built
1867
Stories
3
Listing Agency:
REMAX Executive Realty
Listed By:
Margo Otey · License #60949
(508) 439-9717
Source:
Evrealestate
Added: Sep 24
Changed: Oct 10
Last Checked: Oct 19 at 6:08AM
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 REMAX Executive Realty
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Investment Insights
Based on property information with market context.
Built in 1867, this residential income property includes a full, unfinished basement and crown molding. Heating is provided by natural gas, with hot-water steam and zoned controls. The kitchen is equipped with a range, dishwasher, microwave, refrigerator, washer, dryer, and gas water heater.
Exterior features include paved off-street parking, rain gutters, and a garden. The property is zoned MF.
Exterior features include paved off-street parking, rain gutters, and a garden. The property is zoned MF.
Key Highlights
- Built in 1867
- MF zoning
- Full, unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,198
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,960
$584.0K
Cap Rate 7%
$417,114
$417.1K
Cap Rate 9%
$324,422
$324.4K
Market Conditions
NOI Build-Up for 2,482 SF
Gross rent
$54.5K $21.96/SF
− Vacancy
−$1.4K −$0.57/SF
EGI
$53.1K $21.39/SF
− OpEx
−$23.9K −$9.63/SF
NOI
$29.2K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,960
Cap Rate 7%
$417,114
Cap Rate 9%
$324,422
Alternative Uses
Best Use
Apartment 5plus
$417.1K
$365.0K – $486.6K
NOI $29,198 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$847.6K
$741.6K – $988.8K
NOI $59,330 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
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Business Placement
Demographics for 01581, MA
21,567
Population
8,407
Households
2.6
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
20.6 sq mi
ZIP Area
1,047
Density / Sq Mi
$134,474
Median Household Income
$82,045
Median Earnings
$2,038
Median Rent
$637,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1867 property has a full unfinished basement and natural gas, hot-water steam heat with zoned controls.
Where is this residential income property located?
The property is located at 46 Summer Westborough, MA.
What is the asking price?
The asking price for this property is $749,500.
What are key features of this property?
This property features: Built in 1867; MF zoning; Full, unfinished basement
