Duplex with Walkout
New
For Sale
$549,900
6 Bond Rd, Charlton, MA 01507
Two-level layout includes dual kitchens, multiple bedrooms, updated finishes, and flexible space for extended household use.
Property Size2,544 SF
Price / SF$216.16
Days on Market5
Property Features for 6 Bond Rd
General Information
Standard status
Active
Size
2,544 SF
Property subtype
2 Family - 2 Units Up/Down
Building Details
Building Size
2,544 SF
Year Built
1985
Listing Agency:
Moor Realty Group
(508) 558-2689
Listed By:
Jennifer Lamoureux · License #452508574
(508) 558-2689
Source:
Iverty
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 8:46AM
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 Moor Realty Group
Investment Insights
Based on property information with market context.
This 2,544-square-foot duplex in Charlton offers a two-level configuration with separate kitchen and living areas. The main level includes a living room, dining room, kitchen with new appliances, primary suite with a three-quarter bath and large closet, two additional bedrooms, and an updated full bath. The walkout basement adds a brand-new full kitchen, large family room, fourth bedroom, bonus room, utility room, and laundry hookups.
Recent improvements include luxury vinyl plank flooring, updated light fixtures, a new roof, gutters, and downspouts. A wraparound deck provides outdoor space with covered seating. Built in 1985, the property is located at 6 Bond Rd, Charlton, MA 01507.
Recent improvements include luxury vinyl plank flooring, updated light fixtures, a new roof, gutters, and downspouts. A wraparound deck provides outdoor space with covered seating. Built in 1985, the property is located at 6 Bond Rd, Charlton, MA 01507.
Key Highlights
- 2,544‑square‑foot duplex with a walkout basement
- Main level includes 3 bedrooms and 2 bathrooms
- Walkout basement has a brand‑new full kitchen, family room, fourth bedroom, and bonus room
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
$34,389
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
6.25%
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%
$687,780
$687.8K
Cap Rate 7%
$491,271
$491.3K
Cap Rate 9%
$382,100
$382.1K
Market Conditions
NOI Build-Up for 2,544 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
$50.4K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$49.1K $19.31/SF
− OpEx
−$14.7K −$5.79/SF
NOI
$34.4K $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 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%
$687,780
Cap Rate 7%
$491,271
Cap Rate 9%
$382,100
Alternative Uses
Best Use
Multifamily LT 5
$491.3K
$429.9K – $573.2K
NOI $34,389 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$427.5K
$374.1K – $498.8K
NOI $29,928 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$868.7K
$760.2K – $1.01M
NOI $60,812 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 01507, MA
13,315
Population
5,240
Households
2.5
Avg Household Size
44
Median Age
38%
College-Educated
94%
High-School Grad
42.2 sq mi
ZIP Area
316
Density / Sq Mi
$119,809
Median Household Income
$64,911
Median Earnings
$1,215
Median Rent
$405,200
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?
Duplex - Two-level layout includes dual kitchens, multiple bedrooms, updated finishes, and flexible space for extended household use.
Where is this duplex located?
The property is located at 6 Bond Rd Charlton, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2,544‑square‑foot duplex with a walkout basement; Main level includes 3 bedrooms and 2 bathrooms; Walkout basement has a brand‑new full kitchen, family room, fourth bedroom, and bonus room
