Two-Unit Duplex with
For Sale
$600,000
55 School Street, Upton, MA 01568
Each residence spans two floors and includes its own kitchen and living areas.
Property Size2,974 SF
Lot Size0.65 Acres
Price / SF$201.75
Days on Market8
Property Features for 55 School Street
General Information
Standard status
Active
Size
2,974 SF
Total Parking Spaces
4
Lot size
0.65 Acres
Property subtype
Multi Family Home
Zoning
1
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,034
Amenities
screened porches
deck
perennial gardens
yard
Living Room
Dining Room
Kitchen
Laundry Room
Family Room
Garden
Building Details
Building Size
2,974 SF
Year Built
1890
Buildings
1
Stories
4
Units
2
Listing Agency:
Keller Williams Pinnacle Central
Listed By:
Miller Real Estate Group
(508) 298-3165
Source:
Fayesimonrealestate
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 23 at 1:11PM
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 Keller Williams Pinnacle Central
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Investment Insights
Based on property information with market context.
This two-family duplex contains 2,974 square feet across two residences, each arranged on two floors. The three-bedroom unit has 1.5 bathrooms, a living room, dining room, updated kitchen, and laundry. The second residence includes two bedrooms, one full bathroom, a living room, family room, and eat-in kitchen. Screened porches, a deck, perennial gardens, and a full basement add to the property’s features. Built in 1890, the building has vinyl siding and parking for four vehicles on a level 0.65-acre corner lot.
The property is at 55 School Street in Upton, just off Main Street. A lake or pond beach is within one mile. Zoning is listed as 1.
The property is at 55 School Street in Upton, just off Main Street. A lake or pond beach is within one mile. Zoning is listed as 1.
Key Highlights
- Two residences totaling 2,974 square feet
- Three‑bedroom unit with 1.5 bathrooms; second unit has two bedrooms and one full bathroom
- Level 0.65‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,202
Cap Rate
6.70%
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
NOI $40,202 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$499.8K
$437.3K – $583.1K
NOI $34,986 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.02M
$888.6K – $1.18M
NOI $71,090 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence spans two floors and includes its own kitchen and living areas.
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 $600,000.
What are key features of this property?
This property features: Two residences totaling 2,974 square feet; Three‑bedroom unit with 1.5 bathrooms; second unit has two bedrooms and one full bathroom; Level 0.65‑acre corner lot
