Two-Family Residential Income
For Sale
$739,900
7 Wingate Street, Shrewsbury, MA 01545
Two updated units with a shared basement laundry area, yard, and two separate storage units generating extra monthly income.
Property Size1,898 SF
Price / SF$389.83
Days on Market213
Property Features for 7 Wingate Street
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Multi-family
Building Details
Year Built
1917
Listing Agency:
La Maison
Listed By:
Tai Cheng
(617) 696-6100
Source:
Kelleyrege
Added: Dec 29, 2025
Changed: Jul 23
Last Checked: Jul 28 at 10:49PM
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 La Maison
Investment Insights
Based on property information with market context.
This well-maintained two-family property offers two spacious units and updated utilities. Unit 1 is being delivered vacant. Unit 2 has been updated with new floors and fresh paint. A shared laundry area is located in the basement, and the property also includes two separate storage units that generate additional monthly income.
The home is beautifully situated near scenic Jordan Pond, and it features a yard for outdoor space.
Overall, the configuration provides two separate living units under one roof with convenient shared laundry and supplemental storage income.
The home is beautifully situated near scenic Jordan Pond, and it features a yard for outdoor space.
Overall, the configuration provides two separate living units under one roof with convenient shared laundry and supplemental storage income.
Key Highlights
- Two‑family home built in 1917, near scenic Jordan Pond
- Unit 1 to be delivered vacant for owner‑occupant use or immediate rental
- Unit 2 updated with new floors and fresh paint
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 | $37.6k | $19.80 |
| − Vacancy | −$928 | −$0.49 |
| EGI | $36.7k | $19.31 |
| − OpEx | −$11.0k | −$5.79 |
| NOI | $25.7k | $13.52 |
1,898 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$366.5K
$320.7K – $427.6K
NOI $25,657 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$319.0K
$279.1K – $372.1K
NOI $22,328 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$648.1K
$567.1K – $756.2K
NOI $45,370 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
669
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two updated units with a shared basement laundry area, yard, and two separate storage units generating extra monthly income.
Where is this duplex located?
The property is located at 7 Wingate Street Shrewsbury, MA.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Two‑family home built in 1917, near scenic Jordan Pond; Unit 1 to be delivered vacant for owner‑occupant use or immediate rental; Unit 2 updated with new floors and fresh paint
