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    Worcester Multifamily and Single Family Title is generated by Realmo AI

    49 Richland St And 10 Dorchester, Worcester, MA 01610

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    Claim this Listing
    Pending
    $800,000

    MULTI_FAMILY - Worcester, MA

    Property size:
    4,940 SF
    Lot size:
    0.10 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    255
    Last Refresh:
    Jun 11 at 5:06 pm

    Property Features for 49 Richland St And 10 Dorchester

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RG-5
    Bedrooms
    13
    Bathrooms
    4
    Rooms
    Bedroom 11, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 9, Bedroom 12, Bathroom 4, Bedroom 8, Bedroom 13, Bedroom 5, Bedroom 10, Bedroom 1
    Standard status
    Pending
    APN
    M:05 B:019 L:00009
    Size
    4,940 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7567

    Building Details

    Year built
    1890
    Floors in Building
    6
    Number of units
    4

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    Listing Contact
    Sarah Gustafson

    Listing agent Sarah Gustafson

    Listing office Keller Williams Pinnacle Central 67 Millbrook Street, Suite 422, Worcester, MA

    Listing date Sep 30, 2025

    MLS# 73437153 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 1890: combined three‑family plus single‑family home
    • Single‑family home includes 4 bedrooms and 1 full bathroom
    • Three units each feature 3 bedrooms and 1 full bathroom
    • Each unit includes separate laundry rooms and storage space
    • Many updates completed in the interior of the units

    Overview

    This offering includes a three-family home and a single-family home, situated close to downtown Worcester. The properties retain original character and offer proximity to both downtown Worcester and the highway. The single-family home features 4 bedrooms and 1 full bath. Each unit in the three-family home includes 3 bedrooms and 1 full bath, along with separate laundry rooms and storage space. Interior updates have been completed within the units. The combined lot size is approximately 0.0994 acres. The total property size is 4940 square feet. The zoning is RG-5.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $127.5k $25.80
    − Vacancy −$6.4k −$1.29
    EGI $121.1k $24.51
    − OpEx −$54.5k −$11.03
    NOI $66.6k $13.48
    4,940 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $951.3K
    $832.4K – $1.11M (±1% cap)
    NOI $66,594 @ 7.0% cap · market cap 8.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.65M
    $1.44M – $1.92M (±1% cap)
    NOI $115,421 @ 7.0% cap · market cap 14.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.797123
    Latitude
    42.251519

    FAQs

    What type of property is this?
    Multifamily property - Multifamily and single family homes near downtown Worcester.
    Where is this multifamily property located?
    The property is located at 49 Richland St And 10 Dorchester Worcester, MA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Built in 1890: combined three‑family plus single‑family home; Single‑family home includes 4 bedrooms and 1 full bathroom; Three units each feature 3 bedrooms and 1 full bathroom
    More about this property
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