Two-Family Residential Income
For Sale
$619,900
607-609 Flat Hill Rd, Lunenburg, MA 01462
Well-maintained two-family home on 1.37 acres with two 2-bedroom units, each featuring an eat-in kitchen.
Property Size2,184 SF
Lot Size1.37 Acres
Price / SF$283.84
Days on Market26
Property Features for 607-609 Flat Hill Rd
General Information
Standard status
Active
Size
2,184 SF
Lot size
1.37 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Building Size
2,184 SF
Year Built
1976
Listing Agency:
RE/MAX Partners
(774) 275-1229
Listed By:
Steven Pizzarella
(774) 275-1229
Source:
Iverty
Added: Jul 7
Changed: Jul 27
Last Checked: Aug 1 at 5:10AM
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
This well-maintained two-family property, built in 1976, offers two spacious residential units within the same structure. Each unit includes two bedrooms, one full bathroom, a generously sized living room, and an eat-in kitchen, providing a practical layout for day-to-day living.
The property is situated on 1.37 acres, offering outdoor space that can support a variety of residential uses such as entertaining or gardening.
With two separate units, the home provides flexible living arrangements for owner-occupants, investors, or multigenerational households. The listing is presented as a versatile opportunity in Lunenburg.
The property is situated on 1.37 acres, offering outdoor space that can support a variety of residential uses such as entertaining or gardening.
With two separate units, the home provides flexible living arrangements for owner-occupants, investors, or multigenerational households. The listing is presented as a versatile opportunity in Lunenburg.
Key Highlights
- Well‑maintained two‑family home built in 1976
- Set on 1.37 acres of land with outdoor space
- Two spacious units, each with 2 bedrooms and 1 full bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $19.80 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $42.2k | $19.31 |
| − OpEx | −$12.7k | −$5.79 |
| NOI | $29.5k | $13.52 |
2,184 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.8K
$369.0K – $492.1K
NOI $29,523 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$367.0K
$321.2K – $428.2K
NOI $25,693 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$745.8K
$652.6K – $870.1K
NOI $52,206 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 01462, MA
11,818
Population
4,711
Households
2.5
Avg Household Size
44
Median Age
45%
College-Educated
94%
High-School Grad
26.6 sq mi
ZIP Area
444
Density / Sq Mi
$109,884
Median Household Income
$58,844
Median Earnings
$1,784
Median Rent
$442,900
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?
Duplex - Well-maintained two-family home on 1.37 acres with two 2-bedroom units, each featuring an eat-in kitchen.
Where is this duplex located?
The property is located at 607-609 Flat Hill Rd Lunenburg, MA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1976; Set on 1.37 acres of land with outdoor space; Two spacious units, each with 2 bedrooms and 1 full bathroom
