Multifamily Residence with Three
New
For Sale
$795,000
62 South St., Westborough, MA 01581
A two-story layout includes five bedrooms, three full bathrooms, and a half bath across separate living areas.
Property Size3,912 SF
Price / SF$203.22
Days on Market2
Property Features for 62 South St.
General Information
Standard status
Active
Size
3,912 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
res
Taxes and HOA fees
Annual Taxes
$12,014
Amenities
stainless steel appliances
fireplace
built-in shelving
double vanity
walk-in shower
laundry room
porch
Full
Wood,Tile,Carpet
1
4
Yes
3
5
Public Record
Living Room,Dining Room,Kitchen,Family Room,Laundry Room,Office/Den,Living RM/Dining RM Combo
3912
No
Public
0.32
8
2
Paved Drive,Off Street
Stone
Building Details
Building Size
3,912 SF
Year Built
1800
Stories
3
Listing Agency:
Real Broker MA, LLC
Listed By:
Cray Cullen
Source:
Capelandingre
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:08AM
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 Real Broker MA, LLC
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Investment Insights
Based on property information with market context.
This two-story multifamily residence contains 3,912 square feet and was built in 1800. Its five bedrooms are served by three full bathrooms and one half bathroom. The interior includes three kitchens, a living room with a fireplace, a family room with built-in shelving, a separate dining room, an office or den, and a dedicated laundry room. A porch and two-car garage are also part of the property.
The kitchen areas include stainless steel appliances, while the living room has large custom windows. Interior finishes include wood, tile, and carpet. The property is zoned residential and sits on a 0.32-acre parcel, with paved drive and off-street parking.
The kitchen areas include stainless steel appliances, while the living room has large custom windows. Interior finishes include wood, tile, and carpet. The property is zoned residential and sits on a 0.32-acre parcel, with paved drive and off-street parking.
Key Highlights
- Three kitchens, including one serving a one‑bedroom area and two in the larger section
- 3,912 square feet with five bedrooms, three full bathrooms, and one half bathroom
- Two‑story residence built in 1800
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,021
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,420
$920.4K
Cap Rate 7%
$657,443
$657.4K
Cap Rate 9%
$511,344
$511.3K
Market Conditions
NOI Build-Up for 3,912 SF
Gross rent
$85.9K $21.96/SF
− Vacancy
−$2.2K −$0.57/SF
EGI
$83.7K $21.39/SF
− OpEx
−$37.7K −$9.63/SF
NOI
$46.0K $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 Rate 5%
$920,420
Cap Rate 7%
$657,443
Cap Rate 9%
$511,344
Alternative Uses
Best Use
Apartment 5plus
$657.4K
$575.3K – $767.0K
NOI $46,021 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,512 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
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Business Placement
Demographics for 01581, MA
21,567
Population
8,407
Households
2.6
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
20.6 sq mi
ZIP Area
1,047
Density / Sq Mi
$134,474
Median Household Income
$82,045
Median Earnings
$2,038
Median Rent
$637,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A two-story layout includes five bedrooms, three full bathrooms, and a half bath across separate living areas.
Where is this multifamily property located?
The property is located at 62 South St. Westborough, MA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three kitchens, including one serving a one‑bedroom area and two in the larger section; 3,912 square feet with five bedrooms, three full bathrooms, and one half bathroom; Two‑story residence built in 1800
