Side-by-Side Luxury
For Sale
$1,100,000
72 Cottage Lane - 2fam, Templeton, MA 01468
Newly built side-by-side duplex with modern kitchens, mini-split climate control, and substantial garage parking for daily convenience.
Property Size3,600 SF
Days on Market65
Property Features for 72 Cottage Lane - 2fam
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
12
Property subtype
Multifamily
Building Details
Building Size
3,600 SF
Year Built
2026
Stories
3
Listing Agency:
LAER Realty Partners
(978) 692-9292
Listed By:
Bonnie L. Lawrence · License #9527087
Source:
Classifiedrealtygroup
Added: Jun 6
Changed: Aug 8
Last Checked: Aug 8 at 7:48AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
New construction (2026) duplex offering a side-by-side layout designed as two luxury residential units. Each home features an open-concept entertaining area with a fireplace, Red Oak floors, and a kitchen with a granite island. The residences include a 12x12 balcony/deck and custom interior details. Primary ensuites offer double granite vanities, private water closets, jetted spa-style tubs, and walk-in showers with dual shower heads. A Jack-and-Jill bath connects the 2nd and 3rd bedrooms in each unit. Climate is supported by LG mini-splits providing energy-efficient heating and cooling on all three levels.
The property is tucked at the end of a quiet cul-de-sac, with easy access to Route 2. The remarks also note proximity to the Boston train and Wachusett Ski Mountain, with an estimated drive time of 15 minutes.
This configuration can support households seeking side-by-side living, or buyers looking for a residential income property with consistent, modern unit features. With parking for 8 and two oversized 2-car garages that include an EV charging port and attic storage, the homes are positioned for practical day-to-day use.
The property is tucked at the end of a quiet cul-de-sac, with easy access to Route 2. The remarks also note proximity to the Boston train and Wachusett Ski Mountain, with an estimated drive time of 15 minutes.
This configuration can support households seeking side-by-side living, or buyers looking for a residential income property with consistent, modern unit features. With parking for 8 and two oversized 2-car garages that include an EV charging port and attic storage, the homes are positioned for practical day-to-day use.
Key Highlights
- 2026 new construction side‑by‑side luxury multi‑family (duplex)
- Open‑concept design with modern kitchens featuring a granite island and red oak floors
- LG mini‑split heating and cooling on all 3 levels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,280
$973.3K
Cap Rate 7%
$695,200
$695.2K
Cap Rate 9%
$540,711
$540.7K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$71.3K $19.80/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$69.5K $19.31/SF
− OpEx
−$20.9K −$5.79/SF
NOI
$48.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,280
Cap Rate 7%
$695,200
Cap Rate 9%
$540,711
Alternative Uses
Best Use
Multifamily LT 5
$695.2K
$608.3K – $811.1K
NOI $48,664 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$605.0K
$529.4K – $705.8K
NOI $42,350 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,054 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 01468, MA
4,309
Population
1,823
Households
2.4
Avg Household Size
43
Median Age
35%
College-Educated
97%
High-School Grad
22.0 sq mi
ZIP Area
196
Density / Sq Mi
$110,938
Median Household Income
$68,781
Median Earnings
$1,308
Median Rent
$358,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built side-by-side duplex with modern kitchens, mini-split climate control, and substantial garage parking for daily convenience.
Where is this duplex located?
The property is located at 72 Cottage Lane - 2fam Templeton, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2026 new construction side‑by‑side luxury multi‑family (duplex); Open‑concept design with modern kitchens featuring a granite island and red oak floors; LG mini‑split heating and cooling on all 3 levels
