Renovated 4-Unit Multifamily
62-64 Willow Road Ayer, MA 01432
62-64 Willow Road, Ayer, MA, 01432
$994,995
For Sale
$994,995
Renovated quadplex with separate utilities and one 2-bed unit scheduled to become vacant Aug 1.
Property Size3,202 SF
Price / SF$310.74
Days on Market50
Property Features for 62-64 Willow Road
General Information
- Standard status
- Active
- Size
- 3,202 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1830
Listing agency
eXp Realty LLC
Listed by
Candor Investment Group
(781) 933-7200
Source
Jmulkerinrealty
Added: Jun 2 Updated: Jul 21 at 12:59AM Checked: Jul 21 at 9:20AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This renovated 4-unit multifamily property features a unit mix of one 3-bedroom, two 2-bedroom, and one 1-bedroom unit, totaling approximately 3,200 square feet. Each unit has separate utilities, supporting streamlined management and helping minimize operating expense complexity. The property has undergone more than $350,000 in capital improvements, including a new septic system, deck and stairway reconstruction, full unit renovations, heating upgrades, electrical updates, plumbing improvements, and foundation/exterior work.
An off-street parking setup supports day-to-day tenant use. One 2-bedroom unit is scheduled to become vacant as of Aug 1, creating flexibility for a market-rate lease or potential owner occupancy while maintaining income from the remaining apartments.
An off-street parking setup supports day-to-day tenant use. One 2-bedroom unit is scheduled to become vacant as of Aug 1, creating flexibility for a market-rate lease or potential owner occupancy while maintaining income from the remaining apartments.
Key Highlights
- Renovated 4‑unit multifamily built in 1830 with approximately 3,200 sqft total
- Unit mix: one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom unit
- One 2‑bedroom unit scheduled to become vacant Aug 1
Local 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 | $101.8k | $31.80 |
| − Vacancy | −$5.0k | −$1.57 |
| EGI | $96.8k | $30.23 |
| − OpEx | −$29.0k | −$9.07 |
| NOI | $67.8k | $21.16 |
3,202 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$967.9K
$846.9K – $1.13M
NOI $67,755 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$910.1K
$796.4K – $1.06M
NOI $63,709 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,690 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Renovated quadplex with separate utilities and one 2-bed unit scheduled to become vacant Aug 1.
Where is this quadplex located?
The property is located at 62-64 Willow Road Ayer, MA.
What is the asking price?
The asking price for this property is $994,995.
What are key features of this property?
This property features: Renovated 4‑unit multifamily built in 1830 with approximately 3,200 sqft total; Unit mix: one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom unit; One 2‑bedroom unit scheduled to become vacant Aug 1
