New Construction
New
For Sale
$1,049,000
786-788 Massachusetts Avenue, Lunenburg, MA 01462
Both residences offer private backyard space, open living areas, and contemporary interior finishes.
Property Size3,128 SF
Price / SF$335.36
Days on Market1
Property Features for 786-788 Massachusetts Avenue
General Information
Standard status
Active
Size
3,128 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
Res
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
composite deck
private backyard
gas fireplace
first-floor laundry
central A/C
attached garage
composite front porch
pet-friendly
Building Details
Building Size
3,128 SF
Year Built
2026
Buildings
1
Stories
4
Listing Agency:
LAER Realty Partners
Listed By:
Cory Gracie
Source:
Laerrealty
Added: Oct 30
Last Checked: Oct 30 at 2:24PM
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
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Investment Insights
Based on property information with market context.
Completed in 2026, this two-unit duplex contains 3,128 square feet, with 1,564 square feet per residence. Each unit has three bedrooms, 2.5 baths, an open living and dining arrangement, and a kitchen with quartz counters, an island, and a gas range. A gas fireplace, hardwood and tile floors, first-floor laundry, and a half bath are also included. Upstairs, the primary bedroom has a walk-in closet and private bath with a double vanity and tiled shower; two additional bedrooms share a full bath. Each residence has a composite deck and private backyard. The property also includes a full basement, central A/C, an attached garage, and a composite front porch. Town water and sewer serve the property, which is zoned Res.
Key Highlights
- Two‑unit duplex completed in 2026
- 3,128 square feet total; 1,564 square feet per unit
- Each unit has 3 bedrooms and 2.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,283
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,660
$845.7K
Cap Rate 7%
$604,043
$604.0K
Cap Rate 9%
$469,811
$469.8K
Market Conditions
NOI Build-Up for 3,128 SF
Gross rent
$61.9K $19.80/SF
− Vacancy
−$1.5K −$0.49/SF
EGI
$60.4K $19.31/SF
− OpEx
−$18.1K −$5.79/SF
NOI
$42.3K $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%
$845,660
Cap Rate 7%
$604,043
Cap Rate 9%
$469,811
Alternative Uses
Best Use
Multifamily LT 5
$604.0K
$528.5K – $704.7K
NOI $42,283 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$525.7K
$460.0K – $613.3K
NOI $36,798 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$1.07M
$934.7K – $1.25M
NOI $74,772 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 01462, MA
11,818
Population
4,711
Households
2.5
Avg Household Size
44
Median Age
45%
College-Educated
94%
High-School Grad
26.6 sq mi
ZIP Area
444
Density / Sq Mi
$109,884
Median Household Income
$58,844
Median Earnings
$1,784
Median Rent
$442,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer private backyard space, open living areas, and contemporary interior finishes.
Where is this duplex located?
The property is located at 786-788 Massachusetts Avenue Lunenburg, MA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; 3,128 square feet total; 1,564 square feet per unit; Each unit has 3 bedrooms and 2.5 baths
