Renovated 4-Unit
62 Willow Road Ayer, MA 01432
62 Willow Road, Ayer, MA, 01432
$1,089,995
For Sale
$1,089,995
Fully renovated quadplex with a mix of 1-, 2-, and 3-bedroom units and off-street parking.
Property Size3,202 SF
Price / SF$340.41
Days on Market123
Property Features for 62 Willow Road
General Information
- Standard status
- Active
- Size
- 3,202 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1830
Listing agency
eXp Realty
Listed by
Candor Investment Group
(617) 680-0690
Source
Inrealtyinc
Added: Mar 23 Updated: Jul 22 at 11:55PM Checked: Jul 22 at 11:55PM
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 renovated 4-unit multifamily property offers a desirable unit mix of one 1-bedroom, two 2-bedroom, and one 3-bedroom home, totaling approximately 3,200 square feet. The property is described as currently 100% occupied and includes capital improvements such as a new septic system, deck and stairway reconstruction, full unit renovations, heating upgrades, electrical updates, plumbing improvements, and foundation/exterior work.
Tenants are described as paying separate utilities, supporting a low-maintenance operating structure. Off-street parking is also included.
The layout and upgrades are positioned as a turnkey, stabilized income property, with the rental income noted in the public remarks. Please contact the listing agent to schedule a showing; an open house is listed for Saturday 4/18 from 3pm to 5pm.
Tenants are described as paying separate utilities, supporting a low-maintenance operating structure. Off-street parking is also included.
The layout and upgrades are positioned as a turnkey, stabilized income property, with the rental income noted in the public remarks. Please contact the listing agent to schedule a showing; an open house is listed for Saturday 4/18 from 3pm to 5pm.
Key Highlights
- Fully renovated 4‑unit multifamily, built in 1830, currently 100% occupied
- Generates $8,650/month in rental income with tenants in place
- Unit mix includes one 1‑bedroom, two 2‑bedroom, and one 3‑bedroom unit totaling approx. 3,200 SF
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 6.22%
Second Best
Apartment 5plus
$910.1K
$796.4K – $1.06M
NOI $63,709 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,690 @ 7.0% cap · market cap 12.17%
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 quadplex 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 $1,089,995.
What are key features of this property?
This property features: Fully renovated 4‑unit multifamily, built in 1830, currently 100% occupied; Generates $8,650/month in rental income with tenants in place; Unit mix includes one 1‑bedroom, two 2‑bedroom, and one 3‑bedroom unit totaling approx. 3,200 SF
