Duplex with Private
New
For Sale
$999,000
794-796 Massachusetts Avenue, Lunenburg, MA 01462
New construction offers two residences with attached garage access and individual outdoor space.
Property Size3,128 SF
Price / SF$319.37
Days on Market2
Property Features for 794-796 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
Building Details
Building Size
3,128 SF
Year Built
2026
Stories
4
Listing Agency:
LAER Realty Partners
Listed By:
Cory Gracie
Source:
Laerrealty
Added: Oct 30
Last Checked: Oct 30 at 3:10PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two residences with 1,564 square feet of living area per unit. Each layout includes three bedrooms, 2.5 baths, an open kitchen and dining area, and a living room with a gas fireplace. Kitchens feature quartz countertops, an island, and a gas stove; sliders connect dining areas to composite decks and private backyards. Hardwood and tile floors, first-floor laundry, and central A/C serve each home.
Upstairs, each primary suite has a walk-in closet and private bath with a double-sink vanity and tiled walk-in shower. Two additional bedrooms and a full bath complete the second floor. Full basements provide storage, and the property also includes an attached garage and composite front porch. Town water and sewer serve the duplex, which is zoned Res and includes a one-year builder’s warranty.
Upstairs, each primary suite has a walk-in closet and private bath with a double-sink vanity and tiled walk-in shower. Two additional bedrooms and a full bath complete the second floor. Full basements provide storage, and the property also includes an attached garage and composite front porch. Town water and sewer serve the duplex, which is zoned Res and includes a one-year builder’s warranty.
Key Highlights
- Two‑unit duplex built in 2026
- 1,564 square feet per unit; 3 bedrooms and 2.5 baths in each residence
- Private backyards with composite decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,283
Cap Rate
4.23%
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 4.23%
Second Best
Apartment 5plus
$525.7K
$460.0K – $613.3K
NOI $36,798 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.07M
$934.7K – $1.25M
NOI $74,772 @ 7.0% cap · market cap 7.48%
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 - New construction offers two residences with attached garage access and individual outdoor space.
Where is this duplex located?
The property is located at 794-796 Massachusetts Avenue Lunenburg, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2026; 1,564 square feet per unit; 3 bedrooms and 2.5 baths in each residence; Private backyards with composite decks
