9-11 Dover St, Worcester, MA 01609
MULTI_FAMILY - Worcester, MA
- Added:
- Jun 17, 2025
- Days on Market:
- 357
- Last Refresh:
- Jun 8 at 6:06 pm
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
- Bathroom 6, Bedroom 4, Bathroom 4, Bedroom 16, Bedroom 9, Bedroom 1, Bedroom 7, Bedroom 11, Bedroom 3, Bedroom 2, Bedroom 12, Bedroom 10, Bedroom 13, Bedroom 8, Bathroom 3, Bedroom 14, Bathroom 2, Bedroom 15, Bedroom 17, Bedroom 18, Bathroom 1, Bedroom 6, Bathroom 5, Bedroom 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 agent Sarah Gustafson (508) 754-3020
Listing office Keller Williams Pinnacle Central 67 Millbrook Street, Suite 422, Worcester, MA (508) 754-3020
Listing date Jun 17, 2025
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
- Two three‑unit buildings on one lot (6 total units)
- Year built: 1905
- Both buildings are reported as well maintained by the current owner
- Most units are currently vacant
- Property is in close proximity to WPI and Elm Park
Overview
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.
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 | $177.6k | $25.80 |
| − Vacancy | −$8.9k | −$1.29 |
| EGI | $168.8k | $24.51 |
| − OpEx | −$75.9k | −$11.03 |
| NOI | $92.8k | $13.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.813925
- Latitude
- 42.270948
