Duplex With Detached
For Sale
$479,900
Pending
51 New Boston Rd, Dudley, MA 01571
Residential Income, Dudley, MA
Property Size2,052 SF
Lot Size0.67 Acres
Days on Market47
Property Features for 51 New Boston Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R30
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 5
Parking
8
Directions
GPS Friendly
Standard status
Pending
APN
M:0235 B:0000 L:2000,3836575
Size
2,052 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3578
Building Details
Year built
1948
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Bell Park Realty · RE/MAX International
(860) 774-7600
Listed By:
Michael Meehan · License #458161
(860) 377-0600
Added: Jul 20
Changed: Sep 4
Last Checked: Sep 4 at 7:06PM
MLS# 73552056
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,052 square feet on a 0.67-acre corner lot in Dudley. The first-floor residence includes three bedrooms, one full bathroom, and predominantly hardwood floors; the upper unit has two bedrooms, one full bathroom, and similar flooring. Separate heating equipment and electrical services serve each residence.
Parking is provided for both units, with additional storage and workspace in a detached two-car garage. A drive-under garage adds further utility, while the surrounding yard provides outdoor space. The property was built in 1948 and carries R30 zoning.
Parking is provided for both units, with additional storage and workspace in a detached two-car garage. A drive-under garage adds further utility, while the surrounding yard provides outdoor space. The property was built in 1948 and carries R30 zoning.
Key Highlights
- 2,052‑square‑foot duplex on a 0.67‑acre corner lot
- First‑floor unit has 3 bedrooms and 1 full bathroom
- Second‑floor unit includes 2 bedrooms and 1 full bathroom
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
$27,738
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
5.78%
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%
$554,760
$554.8K
Cap Rate 7%
$396,257
$396.3K
Cap Rate 9%
$308,200
$308.2K
Market Conditions
NOI Build-Up for 2,052 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
$40.6K $19.80/SF
− Vacancy
−$1.0K −$0.49/SF
EGI
$39.6K $19.31/SF
− OpEx
−$11.9K −$5.79/SF
NOI
$27.7K $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 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%
$554,760
Cap Rate 7%
$396,257
Cap Rate 9%
$308,200
Alternative Uses
Best Use
Multifamily LT 5
$396.3K
$346.7K – $462.3K
NOI $27,738 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$344.9K
$301.8K – $402.3K
NOI $24,140 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$700.7K
$613.1K – $817.5K
NOI $49,051 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 01571, MA
11,921
Population
4,295
Households
2.8
Avg Household Size
40
Median Age
25%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
573
Density / Sq Mi
$85,179
Median Household Income
$43,232
Median Earnings
$1,188
Median Rent
$372,400
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 - Two residential units offer separate systems and individual parking areas.
Where is this duplex located?
The property is located at 51 New Boston Rd Dudley, MA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 2,052‑square‑foot duplex on a 0.67‑acre corner lot; First‑floor unit has 3 bedrooms and 1 full bathroom; Second‑floor unit includes 2 bedrooms and 1 full bathroom
