Side-by-Side Duplex with Expansion
For Sale
$580,000
104 Rodney St, Worcester, MA 01605
Two-unit property with updated kitchens, baths, porches, and off-street parking.
Property Size3,500 SF
Price / SF$165.71
Days on Market182
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 104 Rodney St
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,636
Listing Agency:
LAER Realty Partners
(508) 936-1062
Listed By:
Lisa Paciello Reece
(774) 670-8025
Source:
Exprealty
Added: Apr 17
Changed: Oct 1
Last Checked: Oct 15 at 5:06AM
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
Investment Insights
Based on property information with market context.
This 3,500-square-foot duplex contains two side-by-side units with newer kitchens and bathrooms, original woodwork, and neutral wall finishes. The property also includes front and rear porches, a walk-up attic, and a walk-out basement with direct access to off-street parking. The basement and attic provide additional areas for future use, subject to applicable requirements.
The property is near UMass/Memorial, downtown Worcester, and the city's East Side, with access to Routes 290 and 9. Tenancies are month to month without leases, providing a flexible occupancy structure for an owner or investor. The combination of two residential units, separate side-by-side layouts, and existing basement and attic areas creates a clearly defined multifamily configuration.
The property is near UMass/Memorial, downtown Worcester, and the city's East Side, with access to Routes 290 and 9. Tenancies are month to month without leases, providing a flexible occupancy structure for an owner or investor. The combination of two residential units, separate side-by-side layouts, and existing basement and attic areas creates a clearly defined multifamily configuration.
Key Highlights
- 3,500‑square‑foot duplex with 2 side‑by‑side units
- Walk‑up attic and walk‑out basement
- Newer kitchens and baths with original woodwork
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated kitchens, baths, porches, and off-street parking.
Where is this duplex located?
The property is located at 104 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 duplex with 2 side‑by‑side units; Walk‑up attic and walk‑out basement; Newer kitchens and baths with original woodwork
