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40-42 Crocker Nye Rd Oakham — Photo 1 of 41

40-42 Crocker Nye Rd Oakham — Photo 1 of 41

$515,000

Investment Analysis — 40-42 Crocker Nye Rd

Oakham, MA 01068

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-unit multi-family in 01068 carries an estimated $4,780/mo in gross rent — about a 7.82% cap rate and $40,296/yr in estimated NOI at the $515,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

3.5

SqFt

3,120

Style

2 Family - 2 Units Side by Side

Built

1986

OPPORTUNITY AWAITS! Discover the possibilities at 40–42 Crocker Nye Road, a two-unit property set on approximately 4 acres in scenic Oakham. Whether you're an investor looking to expand your portfolio or an owner-occupant interested in having rental income help offset the mortgage, this property offers flexibility and potential.Each side features a first-floor living room, kitchen, full bath, and two bedrooms. The walk-out lower levels offer additional finished space, including a bedroom, family room, bathroom, and bonus room that provides flexibility for an office, storage, playroom, or other needs, subject to buyer verification and applicable requirements. Washer/dryer hookups are also available.Separate utilities for each unit provide an attractive feature for both investors and owner-occupants.A new septic system has been completed, with Certificate of Compliance in hand, providing an important improvement for the next owner.The approximately 4-acre setting provides space, privacy, and opportunity while still offering convenient access to area amenities and major routes. The property may appeal to buyers seeking an owner-occupied two-family arrangement, an investment property, or an opportunity to update and personalize a property to suit their goals.The property is being offered AS IS, providing an opportunity for the next owner to make improvements and customize the property to their needs and investment strategy. Buyers are encouraged to conduct their own due diligence regarding all aspects of the property.For the investor, explore the potential to improve and maximize the property's income-producing possibilities. For the owner-occupant, live in one unit and rent the other to potentially help offset housing costs. With acreage, two living units, walk-out lower levels, and a completed septic system, this property presents an opportunity to create value and make the property your own.Bring your vision and explore the possibilities at 40–42 Crocker Nye Road!

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.

Property Details

Financials

Original Price$515,000
Annual Taxes$3,298

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms14
FireplacesNone
Flooring--
BasementFull, Finished, Walk-Out Access

Climate & Utilities

HeatingElectric
Cooling--
WaterPrivate
SewerPrivate Sewer

Building & Exterior

ConstructionModular
RoofShingle
FoundationConcrete Perimeter
ZoningA&RR

Property & Lot

Acres4
SqFt Lot174,240
Lot FeaturesWooded, Cleared, Gentle Sloping

Amenities & Appliances

Range • Dishwasher • Refrigerator • Range Hood

Geography

Listing Provided By

Listing Agent: Kristin Woodis

Listing Office: William Neylon Real Est.

MLS® Number: 73579142