Two Three-Unit Apartment
9-11 Dover St Worcester, MA 01609
For Sale
$1,650,000
MULTI_FAMILY - Worcester, MA
Property Size6,885 SF
Lot Size0.17 Acres
Price / SF$239.65
Days on Market404
Property Features for 9-11 Dover St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RL-7
- Bedrooms
- 18
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 11, Bedroom 5, Bedroom 7, Bedroom 15, Bathroom 2, Bedroom 16, Bedroom 10, Bathroom 3, Bedroom 18, Bedroom 2, Bedroom 9, Bedroom 4, Bathroom 1, Bedroom 17, Bedroom 13, Bedroom 14, Bedroom 12, Bathroom 6, Bedroom 8, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 5
- Parking
- 4
- Standard status
- Active
- APN
- M:11 B:004 L:00024
- Size
- 6,885 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10977
Building Details
- Year built
- 1905
- Floors in Building
- 5
- Number of units
- 6
Listing Agency:
Keller Williams Pinnacle Central
(508) 754-3020
Listed By:
Sarah Gustafson
(508) 754-3020
Added: Jun 17, 2025
Changed: Jul 9
Last Checked: Jul 25 at 12:06AM
MLS# 73392076
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 offering includes two separate three-unit apartment buildings on a single lot. The current owner has maintained both properties, and the buildings present well with exteriors in great condition. Inside, the units are described as clean and well kept, and most of the units are now vacant, giving a new owner the opportunity to select tenants and establish new leasing terms.
The properties are located in very close proximity to WPI and Elm Park, which can support strong renter demand in the area. With two buildings under one ownership structure, the setup may appeal to investors or operators looking for a manageable multifamily footprint without having to spread acquisition across multiple parcels.
Given the property’s current condition and the availability of most units, this asset may be a good fit for buyers seeking an opportunity to refresh occupancy and build income from the ground up. It may also appeal to buyers who value turnkey presentation and straightforward configuration: two three-unit structures ready for a new ownership plan.
The properties are located in very close proximity to WPI and Elm Park, which can support strong renter demand in the area. With two buildings under one ownership structure, the setup may appeal to investors or operators looking for a manageable multifamily footprint without having to spread acquisition across multiple parcels.
Given the property’s current condition and the availability of most units, this asset may be a good fit for buyers seeking an opportunity to refresh occupancy and build income from the ground up. It may also appeal to buyers who value turnkey presentation and straightforward configuration: two three-unit structures ready for a new ownership plan.
Key Highlights
- Two three‑unit buildings on one lot (6 total units)
- Year built: 1905
- Both buildings are reported as well maintained by the current owner
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 | $177.6k | $25.80 |
| − Vacancy | −$8.9k | −$1.29 |
| EGI | $168.8k | $24.51 |
| − OpEx | −$75.9k | −$11.03 |
| NOI | $92.8k | $13.48 |
6,885 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,813 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,864 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained two-building multifamily with mostly vacant units, offering new ownership flexibility to set rents.
Where is this apartment building located?
The property is located at 9-11 Dover St Worcester, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two three‑unit buildings on one lot (6 total units); Year built: 1905; Both buildings are reported as well maintained by the current owner
