Side-by-Side Duplex with
New
For Sale
$750,000
89 S Quinsigamond Ave, Shrewsbury, MA 01545
Two separate units on one lot, each with private driveway access and garages, with updated interiors and exterior improvements.
Days on Market7
Property Features for 89 S Quinsigamond Ave
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
3,030 SF
Year Built
1940
Listing Agency:
(978) 239-3017
Listed By:
Michael Yerardi
(978) 239-3017
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 29 at 11:47AM
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 Michael Yerardi
Investment Insights
Based on property information with market context.
This duplex includes two residential units on a single lot, connected only by one 10-foot outside wall. Each unit has separate utilities, private driveways, individual yard space, and its own kitchen. Both kitchens feature shaker cabinetry with soft-close features, quartz countertops, and stainless steel appliances, complemented by refreshed bathrooms with tile flooring. Interior updates include refinished hardwood floors, updated lighting, and fresh interior paint. The exterior features new vinyl siding and young roofs.
The front unit offers 3 bedrooms and 1.5 bathrooms, along with a spacious basement that can support storage needs and may provide room for additional living space. It includes a one-car garage with a new garage door. The rear unit also provides 3 bedrooms and 2 full bathrooms, plus a large lower level and an oversized heated two-car garage with automatic garage door openers.
The property is located near shopping, restaurants, schools, hospitals, and major highways, supporting convenient day-to-day access.
The front unit offers 3 bedrooms and 1.5 bathrooms, along with a spacious basement that can support storage needs and may provide room for additional living space. It includes a one-car garage with a new garage door. The rear unit also provides 3 bedrooms and 2 full bathrooms, plus a large lower level and an oversized heated two-car garage with automatic garage door openers.
The property is located near shopping, restaurants, schools, hospitals, and major highways, supporting convenient day-to-day access.
Key Highlights
- 1940‑built property with two separate units on one lot, connected by only a 10‑foot outside wall
- Each unit has separate utilities, private driveway access, and its own garage and yard space
- Front unit: 3 bedrooms, 1.5 bathrooms, spacious basement, and 1‑car garage with a new garage door
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 | $60.0k | $19.80 |
| − Vacancy | −$1.5k | −$0.49 |
| EGI | $58.5k | $19.31 |
| − OpEx | −$17.6k | −$5.79 |
| NOI | $41.0k | $13.52 |
3,030 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$585.1K
$512.0K – $682.7K
NOI $40,959 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$509.2K
$445.6K – $594.1K
NOI $35,645 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$1.03M
$905.4K – $1.21M
NOI $72,429 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
737
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units on one lot, each with private driveway access and garages, with updated interiors and exterior improvements.
Where is this duplex located?
The property is located at 89 S Quinsigamond Ave Shrewsbury, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1940‑built property with two separate units on one lot, connected by only a 10‑foot outside wall; Each unit has separate utilities, private driveway access, and its own garage and yard space; Front unit: 3 bedrooms, 1.5 bathrooms, spacious basement, and 1‑car garage with a new garage door
