Renovated 4-Unit
62 Willow Road Ayer, MA 01432
62 Willow Road, Ayer, MA, 01432
$1,099,995
For Sale
$1,099,995
Fully renovated 4-unit property with a mix of 1-, 2-, and 3-bedroom units and off-street parking.
Property Size3,202 SF
Price / SF$343.53
Days on Market120
Property Features for 62 Willow Road
General Information
- Standard status
- Active
- Size
- 3,202 SF
- Property subtype
- Multi-family / 4 Family
Building Details
- Year Built
- 1830
Listing agency
eXp Realty
(888) 854-7493
Listed by
Candor Investment Group
(888) 854-7493
Source
Compass
Added: Mar 24 Updated: Jul 21 at 12:47PM Checked: Jul 21 at 12:47PM
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
Investment Insights
Based on property information with market context.
This fully renovated 4-unit multifamily property offers a unit mix of one 1-bedroom, two 2-bedroom, and one 3-bedroom unit. The total building area is approximately 3,200 SF. Capital improvements include a new septic system, reconstruction of decks and stairways, full unit renovations, heating upgrades, electrical updates, plumbing improvements, and foundation and exterior work. Tenants pay separate utilities.
The property also provides off-street parking and is currently 100% occupied.
With the in-place unit mix and completed renovation scope, the building is positioned as a stabilized, turnkey rental asset for an investor looking to add a renovated multifamily property to a portfolio.
The property also provides off-street parking and is currently 100% occupied.
With the in-place unit mix and completed renovation scope, the building is positioned as a stabilized, turnkey rental asset for an investor looking to add a renovated multifamily property to a portfolio.
Key Highlights
- Fully renovated 4‑unit multifamily currently 100% occupied and generating $8,650/month in rental income
- Unit mix includes (1) 3‑bedroom, (2) 2‑bedroom, and (1) 1‑bedroom units totaling approximately 3,200 SF
- Capital improvements include new septic system, deck and stairway reconstruction, full unit renovations, and heating upgrades
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 6.16%
Second Best
Apartment 5plus
$910.1K
$796.4K – $1.06M
NOI $63,709 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,690 @ 7.0% cap · market cap 12.06%
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 - Fully renovated 4-unit property with a mix of 1-, 2-, and 3-bedroom units and off-street parking.
Where is this quadplex located?
The property is located at 62 Willow Road Ayer, MA.
What is the asking price?
The asking price for this property is $1,099,995.
What are key features of this property?
This property features: Fully renovated 4‑unit multifamily currently 100% occupied and generating $8,650/month in rental income; Unit mix includes (1) 3‑bedroom, (2) 2‑bedroom, and (1) 1‑bedroom units totaling approximately 3,200 SF; Capital improvements include new septic system, deck and stairway reconstruction, full unit renovations, and heating upgrades
