Two-Family Residential Income
651 Main Street Oxford, MA 01537
651 Main Street, Oxford, MA, 01537
$399,900
For Sale
$399,900
Well-maintained two-family home with separate utilities, off-street parking, and a vacant second-floor unit.
Property Size1,722 SF
Price / SF$232.23
Days on Market78
Property Features for 651 Main Street
General Information
- Standard status
- Active
- Size
- 1,722 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1905
Listing agency
ERA Key Realty Services- Spenc
(508) 885-6336
Listed by
Donna Flannery · License #9004142
(508) 885-6336
Source
Compass
Added: May 6 Updated: Jul 22 at 4:16AM Checked: Jul 22 at 4:16AM
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 ERA Key Realty Services- Spenc
Investment Insights
Based on property information with market context.
Well-maintained two-family property offering two separate 2-bedroom, 1-bath units. The first-floor unit is occupied by long-term tenants at will and may provide immediate rental income. The second-floor unit is vacant and move-in ready. Both units feature spacious living areas and separate utilities. Recent Mass Save blown-in insulation was added to support efficiency.
The property is served by town water and sewer and includes off-street parking and a manageable yard. It is located near shopping, schools, parks, and walking trails, with convenient access to major routes. Outdoor recreation is nearby, including access to the French River for kayaking.
From a practical standpoint, this is a straightforward duplex setup with independently served units, providing flexibility for either owner occupancy or leasing arrangements.
The property is served by town water and sewer and includes off-street parking and a manageable yard. It is located near shopping, schools, parks, and walking trails, with convenient access to major routes. Outdoor recreation is nearby, including access to the French River for kayaking.
From a practical standpoint, this is a straightforward duplex setup with independently served units, providing flexibility for either owner occupancy or leasing arrangements.
Key Highlights
- Well‑maintained 2‑family home built in 1905 in Oxford
- 2nd‑floor unit is vacant and move‑in ready for owner occupancy or new tenants
- Each unit offers 2 bedrooms and 1 full bath with separate utilities
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 | $34.1k | $19.80 |
| − Vacancy | −$842 | −$0.49 |
| EGI | $33.3k | $19.31 |
| − OpEx | −$10.0k | −$5.79 |
| NOI | $23.3k | $13.52 |
1,722 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.5K
$291.0K – $388.0K
NOI $23,277 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$289.4K
$253.2K – $337.6K
NOI $20,258 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$588.0K
$514.5K – $686.1K
NOI $41,163 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with separate utilities, off-street parking, and a vacant second-floor unit.
Where is this duplex located?
The property is located at 651 Main Street Oxford, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 1905 in Oxford; 2nd‑floor unit is vacant and move‑in ready for owner occupancy or new tenants; Each unit offers 2 bedrooms and 1 full bath with separate utilities
