226-228 Union Street Ashland — Photo 1 of 42
$749,999
Investment Analysis — 226-228 Union Street
Ashland, MA 01721
Based on rent reported on the MLS listing, a 2-unit multi-family in 01721 carries $5,000/mo in gross rent — about a 5.16% cap rate and $38,707/yr in estimated NOI at the $749,999 list price. Adjust every assumption in the calculator below.
Beds
50
Baths
2
SqFt
2,042
Style
2 Family - 2 Units Up/Down
Built
1900
Great investment opportunity in the heart of Ashland, minutes from downtown. This well-maintained two-family features a first-floor unit with two bedrooms, a living room, and a third room that can easily be converted into a bedroom. The second-floor unit offers four bedrooms and is vacant, previously rented for $3,000/month.The property has six parking spaces and a large lot with potential to build another house behind the property, subject to town approvals. Electrical has been updated, water heaters are less than five years old, and the heating system is newer and well maintained. The basement was recently insulated. Decks were built six years ago and have been maintained, and the siding and roof are newer and in good condition.Perfect for an investor or owner-occupant looking to live in one unit and use rental income to help pay the mortgage.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Maria Carey
Listing Office: Centre Realty Group
MLS® Number: 73577891