Duplex with Enclosed
For Sale
$569,900
Pending
66 Plainfield Ave, Shrewsbury, MA 01545
Two separate living units offer distinct layouts, including a flexible first-floor room and a bright upper-level porch.
Property Size2,520 SF
Days on Market14
Property Features for 66 Plainfield Ave
General Information
Standard status
Pending
Size
2,520 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RB2
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,329
Amenities
Walk-In Closet(s)
Kitchen
Living RM/Dining RM Combo
Office/Den
Living Room
Dining Room
Mudroom
Sunroom
Rain Gutters
Building Details
Building Size
2,520 SF
Year Built
1922
Buildings
1
Stories
2
Units
2
Listing Agency:
RE/MAX Vision
(508) 595-9900
Listed By:
Colleen Griffin · License #9063104
(508) 439-3002
Source:
Bostoniaproperties
Added: Oct 19
Changed: Oct 29
Last Checked: Oct 29 at 8:34PM
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 RE/MAX Vision
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Investment Insights
Based on property information with market context.
This 2,520-square-foot duplex, built in 1922, contains two residential units. The first-floor apartment has an open living and dining area, a double galley kitchen with breakfast bar, and a bedroom adjoining a flexible room with two walk-in closets. Its full bath includes a storage closet and laundry hookups; additional storage and a separate laundry area are located in the basement. Upstairs, the unit includes two to three bedrooms, a dining room with built-ins, an updated full bath, and a living room that opens to an enclosed front porch.
The property is near the highway and UMass Memorial Medical Center. Improvements include a roof and oil tanks installed in 2021, as well as a washer and dryer added in 2025. Zoning is RB2.
The property is near the highway and UMass Memorial Medical Center. Improvements include a roof and oil tanks installed in 2021, as well as a washer and dryer added in 2025. Zoning is RB2.
Key Highlights
- Two‑unit duplex with 2,520 square feet
- First‑floor bedroom connects to a flexible room with two walk‑in closets
- Second‑floor unit offers two to three bedrooms and an enclosed front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,064
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,280
$681.3K
Cap Rate 7%
$486,629
$486.6K
Cap Rate 9%
$378,489
$378.5K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$49.9K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$48.7K $19.31/SF
− OpEx
−$14.6K −$5.79/SF
NOI
$34.1K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,280
Cap Rate 7%
$486,629
Cap Rate 9%
$378,489
Alternative Uses
Best Use
Multifamily LT 5
$486.6K
$425.8K – $567.7K
NOI $34,064 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$423.5K
$370.6K – $494.1K
NOI $29,645 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$860.5K
$753.0K – $1.00M
NOI $60,238 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Explore this area
Business Placement
Demographics for 01545, MA
38,316
Population
15,318
Households
2.5
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
1,842
Density / Sq Mi
$136,225
Median Household Income
$74,718
Median Earnings
$2,046
Median Rent
$555,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living units offer distinct layouts, including a flexible first-floor room and a bright upper-level porch.
Where is this duplex located?
The property is located at 66 Plainfield Ave Shrewsbury, MA.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,520 square feet; First‑floor bedroom connects to a flexible room with two walk‑in closets; Second‑floor unit offers two to three bedrooms and an enclosed front porch
