Duplex with Flexible Bonus
New
For Sale
$489,900
49 Front St, Clinton, MA 01510
Two separate gas heating systems serve the two-unit property, with additional adaptable room space in each layout.
Property Size2,320 SF
Price / SF$211.16
Days on Market2
Property Features for 49 Front St
General Information
Standard status
Active
Size
2,320 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R1
Net Operating Income
$16,800
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,653
Building Details
Building Size
2,320 SF
Year Built
1900
Stories
2
Listing Agency:
REMAX Executive Realty
Listed By:
The Journey Group
(978) 807-7784
Source:
Laerrealty
Added: Oct 24
Last Checked: Oct 24 at 1:57PM
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 1900, this 2,320-square-foot duplex contains two units, each with two bedrooms and a bonus room that can function as a third bedroom or formal dining area. Interior and exterior features include pine flooring, replacement windows, vinyl siding, and separate gas heating systems. A full walk-out basement provides storage space.
The property occupies a corner lot with a level yard and off-street parking. It is zoned R1.
The property occupies a corner lot with a level yard and off-street parking. It is zoned R1.
Key Highlights
- Two units, each with two bedrooms and a flexible bonus room
- 2,320 square feet; built in 1900
- Separate gas heating systems for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,361
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,220
$627.2K
Cap Rate 7%
$448,014
$448.0K
Cap Rate 9%
$348,456
$348.5K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$45.9K $19.80/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$44.8K $19.31/SF
− OpEx
−$13.4K −$5.79/SF
NOI
$31.4K $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%
$627,220
Cap Rate 7%
$448,014
Cap Rate 9%
$348,456
Alternative Uses
Best Use
Multifamily LT 5
$448.0K
$392.0K – $522.7K
NOI $31,361 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$389.9K
$341.2K – $454.9K
NOI $27,292 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$792.2K
$693.2K – $924.3K
NOI $55,457 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
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Business Placement
Demographics for 01510, MA
15,428
Population
7,017
Households
2.2
Avg Household Size
39
Median Age
35%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
2,707
Density / Sq Mi
$93,849
Median Household Income
$49,815
Median Earnings
$1,353
Median Rent
$348,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate gas heating systems serve the two-unit property, with additional adaptable room space in each layout.
Where is this duplex located?
The property is located at 49 Front St Clinton, MA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two units, each with two bedrooms and a flexible bonus room; 2,320 square feet; built in 1900; Separate gas heating systems for each unit
