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Property profile & analytics
OFF-MARKET
Commercial real estate

1480 Lancaster Ave Lunenburg, MA 01462

4,500 SF 1.9 ac lot Built 1976
Property ID
US38-0902761
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1976
Total area 4,500 SF
Lot 1.9 ac (82,764 SF)
APN M:147.0 B:0009 L:0000.0,1599965
UPID US38-0902761
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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