Active

5 Days on market

2 Granite St Millbury — Photo 1 of 42

$699,900

Investment Analysis — 2 Granite St

Millbury, MA 01527

Based on rent reported on the MLS listing, a 2-unit multi-family in 01527 carries $4,800/mo in gross rent — about a 5.34% cap rate and $37,392/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.

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Beds

Baths

3.5

SqFt

2,516

Style

2 Family - 2 Units Up/Down

Built

1989

Don’t miss this beautifully updated, newer-style two-family home offering 5 bedrooms and 3.5 bathrooms across two spacious units.Extensive improvements have already been completed, including new appliances, fresh interior paint, new windows, new hardwood flooring, new decks, and a partially finished basement, providing additional usable space and flexibility. The property also features a recent roof and updated furnaces, making it an attractive option for both owner-occupants and investors seeking a well-maintained multifamily property with long-term income potential.Outside, enjoy a good-sized yard and off-street parking. The convenient location provides easy access to downtown, major routes, shopping, dining, and other local amenities.With many of the major improvements already completed, this property offers the opportunity to move in, rent out, and begin enjoying the benefits of multifamily ownership from day one.A newer two-family property offering this combination of space, updates, flexibility, and income potential can be difficult to find. Schedule your showing and see everything this property has to offer!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.