Two-House Multifamily
For Sale
$729,900
59 Hartford Ave E, Uxbridge, MA 01569
Two updated residences offer separate living spaces, outdoor areas, and room for an accessory dwelling unit.
Property Size2,648 SF
Days on Market31
Property Features for 59 Hartford Ave E
General Information
Standard status
Active
Size
2,648 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,312
Building Details
Building Size
2,648 SF
Year Built
1900
Buildings
2
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
(508) 341-6454
Listed By:
Christine Whipple
Source:
Donnellyandco
Added: Jul 31
Changed: Aug 28
Last Checked: Aug 29 at 4:25PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
Investment Insights
Based on property information with market context.
This RA-zoned multifamily property includes two houses on a level, cleared lot. The front residence has been completely renovated with an open living and dining layout, a new kitchen, mudroom, bonus room with private entry, three second-floor bedrooms, and two full bathrooms. A split AC-heat system was installed in the living area in mid-July.
The second house has also been updated and provides three bedrooms, one bathroom with washer and dryer units, a vaulted living room, kitchen storage, and a large rear deck. The property includes a two-car parking area and a substantial backyard. At almost-half-acre, the lot is legally large enough for an accessory dwelling unit. Uxbridge's walkable historic downtown, parks, conservation areas, and public trails are nearby, with approximately 36 miles to Boston, 27 miles to Providence, and 15 miles to Worcester.
The second house has also been updated and provides three bedrooms, one bathroom with washer and dryer units, a vaulted living room, kitchen storage, and a large rear deck. The property includes a two-car parking area and a substantial backyard. At almost-half-acre, the lot is legally large enough for an accessory dwelling unit. Uxbridge's walkable historic downtown, parks, conservation areas, and public trails are nearby, with approximately 36 miles to Boston, 27 miles to Providence, and 15 miles to Worcester.
Key Highlights
- Two houses on a level, cleared almost‑half‑acre lot
- RA zoning with a lot legally large enough for an accessory dwelling unit
- Front house completely redone with 3 bedrooms and 2 full bathrooms
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
$31,151
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
4.27%
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%
$623,020
$623.0K
Cap Rate 7%
$445,014
$445.0K
Cap Rate 9%
$346,122
$346.1K
Market Conditions
NOI Build-Up for 2,648 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
$58.2K $21.96/SF
− Vacancy
−$1.5K −$0.57/SF
EGI
$56.6K $21.39/SF
− OpEx
−$25.5K −$9.63/SF
NOI
$31.2K $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 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%
$623,020
Cap Rate 7%
$445,014
Cap Rate 9%
$346,122
Alternative Uses
Best Use
Apartment 5plus
$445.0K
$389.4K – $519.2K
NOI $31,151 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$904.3K
$791.2K – $1.05M
NOI $63,298 @ 7.0% cap · market cap 8.67%
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
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 01569, MA
14,193
Population
5,523
Households
2.6
Avg Household Size
44
Median Age
39%
College-Educated
96%
High-School Grad
29.4 sq mi
ZIP Area
483
Density / Sq Mi
$122,458
Median Household Income
$61,245
Median Earnings
$1,480
Median Rent
$417,900
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?
Multifamily property - Two updated residences offer separate living spaces, outdoor areas, and room for an accessory dwelling unit.
Where is this multifamily property located?
The property is located at 59 Hartford Ave E Uxbridge, MA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Two houses on a level, cleared almost‑half‑acre lot; RA zoning with a lot legally large enough for an accessory dwelling unit; Front house completely redone with 3 bedrooms and 2 full bathrooms
