Licensed 9-Bedroom Rooming
For Sale
$750,000
60 Fruit Street, Worcester, MA 01609
Residential Income, Worcester, MA
Property Size2,694 SF
Lot Size0.11 Acres
Price / SF$278.40
Days on Market254
Property Features for 60 Fruit Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RG-5
Bedrooms
9
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 8, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 9, Bedroom 3, Bedroom 7, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 1
Directions
Highland to Fruit Street
Standard status
Active
APN
1763598
Size
2,694 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4213
Amenities
coin-op laundry
Building Details
Year built
1890
Floors in Building
3
Listing Agency:
RE/MAX Vision · RE/MAX International
(508) 595-9900
Listed By:
Jeff Burk · License #9035530
(508) 595-9900
Added: Dec 19, 2025
Changed: Aug 19
Last Checked: Aug 30 at 4:06PM
MLS# 73463084
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.
Investment Insights
Based on property information with market context.
This licensed rooming house in Worcester includes 9 bedrooms, an eat-in kitchen, and 2 full baths within 2,694 square feet. The property has vinyl siding, sprinkler protection, coin-operated laundry, gas hot-air heat installed approximately 10 years ago, and a 50-gallon hot water tank dating approximately 7 years. Annual City-required inspections are completed, and all rooms are currently rented.
The property sits two blocks from the WPI campus, approximately a 6-minute walk away. Elm Park, restaurants, food establishments, WRTA bus service, and retail options are nearby. The 0.1137-acre site is zoned RG-5 and includes a building constructed in 1890.
The property sits two blocks from the WPI campus, approximately a 6-minute walk away. Elm Park, restaurants, food establishments, WRTA bus service, and retail options are nearby. The 0.1137-acre site is zoned RG-5 and includes a building constructed in 1890.
Key Highlights
- 9‑bedroom licensed rooming house with 2 full baths
- Fully rented and income‑producing
- 2,694 square feet on a 0.1137‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,316
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,320
$726.3K
Cap Rate 7%
$518,800
$518.8K
Cap Rate 9%
$403,511
$403.5K
Market Conditions
NOI Build-Up for 2,694 SF
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.
Gross rent
$69.5K $25.80/SF
− Vacancy
−$3.5K −$1.29/SF
EGI
$66.0K $24.51/SF
− OpEx
−$29.7K −$11.03/SF
NOI
$36.3K $13.48/SF
Area
Worcester, MA
Vacancy
5.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,320
Cap Rate 7%
$518,800
Cap Rate 9%
$403,511
Alternative Uses
Best Use
Apartment 5plus
$518.8K
$454.0K – $605.3K
NOI $36,316 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$899.2K
$786.8K – $1.05M
NOI $62,944 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
4,358
Businesses Nearby
Explore this area
Business Placement
Demographics for 01609, MA
23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully rented property with an eat-in kitchen, two full baths, coin-operated laundry, and required annual city inspections.
Where is this multifamily property located?
The property is located at 60 Fruit Street Worcester, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 9‑bedroom licensed rooming house with 2 full baths; Fully rented and income‑producing; 2,694 square feet on a 0.1137‑acre lot
