Two-Unit Duplex with Separate
52 Central St, Millville, MA 01529
For Sale
$350,000
Pending
Two kitchens, separate utility panels, and distinct unit access support the property's current two-family configuration.
Property Size2,388 SF
Days on Market50
Property Features for 52 Central St
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
mudroom
porch
deck
screened porch
shed
fenced yard
paved driveway
granite steps
brick walkway
Building Details
Year Built
Buildings
Construction
Listing Agency:
Daptfanim Martinez, Exp Realty Llc
Listed By:
Michelle Terry Team
(508) 202-0008
Source:
Centralmassachusettsproperties
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 12 at 7:49AM
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 Daptfanim Martinez, Exp Realty Llc
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Investment Insights
Based on property information with market context.
Built in 1889, this 2,388-square-foot home is arranged as a duplex with two kitchens and separate entrances. The first unit has a mudroom, kitchen, living room, half bath, porch and deck on the main level, plus three bedrooms and a full bath upstairs. The second includes an eat-in kitchen, living room, screened porch and half bath on the first floor, with a large bedroom and full bath above; its half bath needs a sink. Vinyl siding, many vinyl windows, updated electrical, plumbing and structural work are among the improvements. Each unit has its own electrical panel, and the heating setup can accommodate another furnace.
The property sits beside the Blackstone River Greenway trail, with access to Route 146. The fenced, level lot includes a storage shed and paved driveway areas for each unit. One unit is rented and the other is occupied by the owner.
The property sits beside the Blackstone River Greenway trail, with access to Route 146. The fenced, level lot includes a storage shed and paved driveway areas for each unit. One unit is rented and the other is occupied by the owner.
Key Highlights
- Two‑unit layout with separate entrances and two kitchens
- 2,388‑square‑foot property built in 1889
- First unit has three upstairs bedrooms, a porch and a deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,092
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,840
$561.8K
Cap Rate 7%
$401,314
$401.3K
Cap Rate 9%
$312,133
$312.1K
Market Conditions
NOI Build-Up for 2,388 SF
Gross rent
$52.4K $21.96/SF
− Vacancy
−$1.4K −$0.57/SF
EGI
$51.1K $21.39/SF
− OpEx
−$23.0K −$9.63/SF
NOI
$28.1K $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%
$561,840
Cap Rate 7%
$401,314
Cap Rate 9%
$312,133
Alternative Uses
Best Use
Multifamily LT 5
$461.1K
$403.5K – $538.0K
NOI $32,280 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$401.3K
$351.2K – $468.2K
NOI $28,092 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$815.5K
$713.5K – $951.4K
NOI $57,083 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 01529, MA
3,174
Population
1,262
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
4.9 sq mi
ZIP Area
648
Density / Sq Mi
$115,789
Median Household Income
$50,146
Median Earnings
$1,275
Median Rent
$418,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Worcester County, MA
Properties on Market for Duplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two kitchens, separate utility panels, and distinct unit access support the property's current two-family configuration.
Where is this duplex located?
The property is located at 52 Central St Millville, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit layout with separate entrances and two kitchens; 2,388‑square‑foot property built in 1889; First unit has three upstairs bedrooms, a porch and a deck
