1480 Lancaster Ave Lunenburg, MA 01462
This exceptional investment opportunity presents a two-unit apartment building situated on a generous 1.9-acre lot at 1480 Lancaster Ave, Lunenburg, MA 01462. Boasting 4,500 square feet, this three-story, 1976-built property features two apartments, offering ample space for residents. The property includes 10 parking spaces, a significant advantage for tenants. Recent upgrades enhance its appeal and efficiency, including a new Title 5 septic system (2021) and new solar panels (2023) designed to offset utility costs. The building is equipped with a state-of-the-art Buderus furnace and double insulation for optimal energy efficiency. Interior features include four fireplaces, four laundry facilities, and a spacious open-concept living and kitchen area in each unit. Additional features include a walk-up attic providing substantial storage. The property is zoned RB and offers a unique blend of country living with convenient access to Route 2 and I-190. The large backyard provides ample space for outdoor activities. The property is being sold "as is". The Assessor's Parcel Number (APN) is M:147.0 B:0009 L:0000.0,1599965. This property presents a strong investment opportunity due to its size, location, and recent upgrades.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.