Two-Family Residential Income
48 Pleasant St Ayer, MA 01432
48 Pleasant St, Ayer, MA, 01432
$549,000
For Sale
$549,000
Two separate units offer 2 bedrooms each with updated interiors, separate entrances, and individual utilities.
Property Size2,311 SF
Price / SF$237.56
Days on Market75
Property Features for 48 Pleasant St
General Information
- Standard status
- Active
- Size
- 2,311 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1890
Listing agency
Coldwell Banker Realty - Worcester
(508) 410-2724
Listed by
Van Khanh Nguyen · License #453003929
(508) 410-2724
Source
Alliancepartnersre
Added: May 8 Updated: Jul 20 at 4:25PM Checked: Jul 20 at 4:25PM
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 Coldwell Banker Realty - Worcester
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers separate entrances for each unit and utilities for added independence. Each unit features 5 rooms, including 2 bedrooms plus a sitting room that may be used as a third bedroom. The first floor includes gas forced-air heat and updated flooring. The second floor has newer flooring and a kitchen with updated cabinetry, quartz countertops, and backsplashes. Both units have updated bathrooms and replacement windows, and the property includes a boiler that is approximately three years old.
The home is connected to city water and sewer and uses gas heat. Outside, there is a yard with a firepit, a newer driveway, and a walk-out basement leading to a sizable outdoor space.
For day-to-day living, each unit’s layout supports flexible use with a sitting room option, while the separate entrances and utility separation can support owner-occupant or rental operations.
The home is connected to city water and sewer and uses gas heat. Outside, there is a yard with a firepit, a newer driveway, and a walk-out basement leading to a sizable outdoor space.
For day-to-day living, each unit’s layout supports flexible use with a sitting room option, while the separate entrances and utility separation can support owner-occupant or rental operations.
Key Highlights
- Two‑family home built in 1890 with long‑term tenants and two separate units
- Each unit has 2 bedrooms plus a sitting room (can be used as a 3rd bedroom), with 5 rooms per unit
- Separate utilities for each unit, with gas forced‑air heat on the first floor and updated systems noted throughout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.5k | $31.80 |
| − Vacancy | −$3.6k | −$1.57 |
| EGI | $69.9k | $30.23 |
| − OpEx | −$21.0k | −$9.07 |
| NOI | $48.9k | $21.16 |
2,311 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$698.6K
$611.3K – $815.0K
NOI $48,902 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$656.9K
$574.8K – $766.4K
NOI $45,981 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,767 @ 7.0% cap · market cap 17.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units offer 2 bedrooms each with updated interiors, separate entrances, and individual utilities.
Where is this duplex located?
The property is located at 48 Pleasant St Ayer, MA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑family home built in 1890 with long‑term tenants and two separate units; Each unit has 2 bedrooms plus a sitting room (can be used as a 3rd bedroom), with 5 rooms per unit; Separate utilities for each unit, with gas forced‑air heat on the first floor and updated systems noted throughout
