Building Details

Year Built 1890

Buildings 1

Listing Agency: Keller Williams Pinnacle Central

Listed By: Miller Real Estate Group Show Phone

Source: Burkelordrealestate

Added: Oct 7 Changed: Oct 10 Last Checked: Oct 10 at 2:21AM

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Investment Insights

Based on property information with market context.

This 2,974-square-foot duplex at 55 School Street contains two residences, each arranged across two levels. The first unit has three bedrooms, 1.5 bathrooms, a living room, dining room, updated kitchen, and laundry. The second includes two bedrooms, one full bathroom, a living room, family room, and eat-in kitchen. Screened porches, a deck, perennial gardens, a full basement, vinyl siding, and parking for four are also part of the property.

The homes occupy a level 0.65-acre corner lot just off Main Street in Upton. A lake or pond beach is within one mile. The property was built in 1890.

Key Highlights

• 2,974‑square‑foot duplex on a level 0.65‑acre corner lot
• First unit has 3 bedrooms and 1.5 bathrooms
• Second unit has 2 bedrooms and 1 full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,202

Cap Rate

6.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$804,040 $804.0K

Cap Rate 7%

$574,314 $574.3K

Cap Rate 9%

$446,689 $446.7K

Market Conditions

NOI Build-Up for 2,974 SF

Gross rent

$58.9K $19.80/SF

− Vacancy

−$1.5K −$0.49/SF

EGI

$57.4K $19.31/SF

− OpEx

−$17.2K −$5.79/SF

NOI

$40.2K $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%

$804,040

Cap Rate 7%

$574,314

Cap Rate 9%

$446,689

Alternative Uses

Best Use

Multifamily LT 5

$574.3K

$502.5K – $670.0K (±1% cap)

NOI $40,202 @ 7.0% cap · market cap 6.43%

Second Best

Apartment 5plus

$499.8K

$437.3K – $583.1K (±1% cap)

NOI $34,986 @ 7.0% cap · market cap 5.60%

Theoretical Best

Office A

$1.02M

$888.6K – $1.18M (±1% cap)

NOI $71,090 @ 7.0% cap · market cap 11.37%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Real Estate Agency Dental Office Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

150

Businesses Nearby

Explore this area Business Placement

Demographics for 01568, MA

7,900

Population

2,947

Households

2.7

Avg Household Size

43

Median Age

53%

College-Educated

98%

High-School Grad

21.2 sq mi

ZIP Area

373

Density / Sq Mi

$161,429

Median Household Income

$60,682

Median Earnings

$558,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two independently arranged, two-level homes provide separate living areas and kitchens within one residential property.

Where is this duplex located?

The property is located at 55 School Street Upton, MA.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 2,974‑square‑foot duplex on a level 0.65‑acre corner lot; First unit has 3 bedrooms and 1.5 bathrooms; Second unit has 2 bedrooms and 1 full bathroom