Two-Unit
New
For Sale
$625,000
55 School Street, Upton, MA 01568
Residential Income, Upton, MA
Property Size2,974 SF
Lot Size0.65 Acres
Price / SF$210.15
Days on Market3
Property Features for 55 School Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
1
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Parking
4
Elementary school
Memorial Elementary
Middle school
Miscoe Hill Middle
High school
Nipmuc Regional High
Directions
Off Main Street
Standard status
Active
APN
M:0015 L:0110,1716035
Size
2,974 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7034
Amenities
screened porches
deck
perennial gardens
yard
Building Details
Year built
1890
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Pinnacle Central · Keller Williams Realty
Listed By:
Sarah Gustafson
(508) 754-3020
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 4:06PM
MLS# 73588692
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.
Built in 1890, this two-family property contains 2,974 square feet across two residences. The larger unit has three bedrooms and 1.5 baths; the second has two bedrooms and one full bath. Each residence spans two levels, with its own living and kitchen areas. A full basement, screened porches, and a deck add to the property’s features.
The building sits on a level 0.65-acre corner parcel in Upton. The grounds include perennial gardens and a yard, and parking is available for four vehicles. A lake or pond beach is within a mile.
The building sits on a level 0.65-acre corner parcel in Upton. The grounds include perennial gardens and a yard, and parking is available for four vehicles. A lake or pond beach is within a mile.
Key Highlights
- Two residences with three‑bedroom and two‑bedroom layouts
- 2,974 square feet of building area
- 0.65‑acre level corner lot
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
NOI $40,202 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$499.8K
$437.3K – $583.1K
NOI $34,986 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.02M
$888.6K – $1.18M
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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Open Analytics
Current Use
Lease Details
2
Residential units
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences occupy two floors and include separate living and kitchen 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 $625,000.
What are key features of this property?
This property features: Two residences with three‑bedroom and two‑bedroom layouts; 2,974 square feet of building area; 0.65‑acre level corner lot
