Well-Maintained Two-Family
7 Third Avenue Dudley, MA 01571
7 Third Avenue, Dudley, MA, 01571
$549,999
For Sale
$549,999
Two-family residence features hardwood flooring in both units and off-street parking for convenient access.
Property Size2,432 SF
Price / SF$226.15
Days on Market94
Property Features for 7 Third Avenue
General Information
- Standard status
- Active
- Size
- 2,432 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1945
Listing agency
Century 21 Limitless
Listed by
Kyle Seyboth
(617) 731-4644
Source
Hammondre
Added: Apr 19 Updated: Jul 21 at 11:57AM Checked: Jul 21 at 11:57AM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers a spacious layout across both units. Hardwood flooring runs throughout the interior, adding character throughout the property. Off-street parking is available, supporting day-to-day convenience for residents and guests.
Set in a quiet New England setting, the home provides easy access to local amenities. It is close to Webster and Southbridge for shopping, dining, and essentials, with Webster Lake (Lake Chaubunagungamaug) nearby for boating, fishing, and recreation. The property is also near Nichols College.
Convenient to Route 12 and Route 131, the location offers quick access to Interstate 395 for commuting to Worcester and Norwich, with the Connecticut border and nearby parks, golf courses, and outdoor recreation within reach.
Set in a quiet New England setting, the home provides easy access to local amenities. It is close to Webster and Southbridge for shopping, dining, and essentials, with Webster Lake (Lake Chaubunagungamaug) nearby for boating, fishing, and recreation. The property is also near Nichols College.
Convenient to Route 12 and Route 131, the location offers quick access to Interstate 395 for commuting to Worcester and Norwich, with the Connecticut border and nearby parks, golf courses, and outdoor recreation within reach.
Key Highlights
- Well‑maintained 2‑family home built in 1945 in Dudley
- Hardwood flooring throughout both units
- Spacious two‑family layout suited to owner‑occupants or investors
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 | $48.2k | $19.80 |
| − Vacancy | −$1.2k | −$0.49 |
| EGI | $47.0k | $19.31 |
| − OpEx | −$14.1k | −$5.79 |
| NOI | $32.9k | $13.52 |
2,432 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.6K
$410.9K – $547.9K
NOI $32,875 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$408.7K
$357.6K – $476.8K
NOI $28,610 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$830.5K
$726.7K – $968.9K
NOI $58,135 @ 7.0% cap · market cap 10.57%
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 - Two-family residence features hardwood flooring in both units and off-street parking for convenient access.
Where is this duplex located?
The property is located at 7 Third Avenue Dudley, MA.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 1945 in Dudley; Hardwood flooring throughout both units; Spacious two‑family layout suited to owner‑occupants or investors
