Duplex With Attic And
For Sale
$580,000
104 1/2 Rodney St, Worcester, MA 01605
Side-by-side units feature updated kitchens and baths, porches, off-street parking, and flexible attic and basement areas.
Property Size3,500 SF
Price / SF$165.71
Days on Market103
Property Features for 104 1/2 Rodney St
General Information
Standard status
Active
Size
3,500 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RG-5
Net Operating Income
$21,000
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,636
Building Details
Building Size
3,500 SF
Year Built
1913
Stories
4
Listing Agency:
LAER Realty Partners
Listed By:
Lisa Paciello Reece
(774) 670-8025
Source:
Laerrealty
Added: Jul 7
Changed: Oct 3
Last Checked: Oct 16 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LAER Realty Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family duplex contains 3,500 square feet in a side-by-side layout, with each unit supported by newer kitchens and baths, original woodwork, and neutral interior walls. Walk-up attic space and a walk-out basement add functional areas for storage or future use. Front and rear porches extend the property’s usable outdoor space, while off-street parking connects directly to the basement.
Built in 1913 and zoned RG-5, the property is near UMass Memorial, downtown Worcester, and the city’s East Side. Route 290 and Route 9 provide convenient regional access. Both units are occupied on a month-to-month basis without leases.
Built in 1913 and zoned RG-5, the property is near UMass Memorial, downtown Worcester, and the city’s East Side. Route 290 and Route 9 provide convenient regional access. Both units are occupied on a month-to-month basis without leases.
Key Highlights
- 3,500‑square‑foot side‑by‑side duplex with two residential units
- Walk‑up attic and walk‑out basement with potential for additional living space
- Newer kitchens and baths, original woodwork, and neutral walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,399
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,980
$1.0M
Cap Rate 7%
$734,271
$734.3K
Cap Rate 9%
$571,100
$571.1K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$77.7K $22.20/SF
− Vacancy
−$4.3K −$1.22/SF
EGI
$73.4K $20.98/SF
− OpEx
−$22.0K −$6.29/SF
NOI
$51.4K $14.69/SF
Area
Worcester, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,980
Cap Rate 7%
$734,271
Cap Rate 9%
$571,100
Alternative Uses
Best Use
Multifamily LT 5
$734.3K
$642.5K – $856.7K
NOI $51,399 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$674.0K
$589.8K – $786.4K
NOI $47,182 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,776 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,595
Businesses Nearby
Explore this area
Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side units feature updated kitchens and baths, porches, off-street parking, and flexible attic and basement areas.
Where is this duplex located?
The property is located at 104 1/2 Rodney St Worcester, MA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 3,500‑square‑foot side‑by‑side duplex with two residential units; Walk‑up attic and walk‑out basement with potential for additional living space; Newer kitchens and baths, original woodwork, and neutral walls
