Two-Family Residence with
115 Orient Street Worcester, MA 01604
115 Orient Street, Worcester, MA, 01604
$585,000
Pending
For Sale
$585,000
Pending
Well-maintained two-family home with separate utilities and a detached two-car garage on Worcester’s East Side.
Property Size3,165 SF
Days on Market171
Property Features for 115 Orient Street
General Information
- Standard status
- Pending
- Size
- 3,165 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1939
Listing agency
RE/MAX Diverse
(774) 823-3441
Listed by
Hejoma M. Garcia · License #9565914
(774) 823-3441
Source
Compass
Added: Feb 2 Updated: Jul 22 at 7:25PM Checked: Jul 22 at 7:25PM
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 RE/MAX Diverse
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers two spacious units with bright, functional layouts. The units feature hardwood flooring, eat-in kitchens, and generous bedroom sizes. Separate utilities are in place to support day-to-day convenience for residents and easier management for an owner.
The property is located on Worcester’s East Side, with nearby access to UMass Memorial in the medical district, the dining options along Shrewsbury Street, and easy highway access for commuting.
A detached two-car garage adds practical value by providing off-street parking for tenants and/or additional storage for an owner.
The property is located on Worcester’s East Side, with nearby access to UMass Memorial in the medical district, the dining options along Shrewsbury Street, and easy highway access for commuting.
A detached two-car garage adds practical value by providing off-street parking for tenants and/or additional storage for an owner.
Key Highlights
- Well‑maintained 2‑family home built in 1939
- Two units with hardwood/wood flooring and eat‑in kitchens
- Separate utilities for each unit
Local Financial Insights For Multifamily LT 5
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 | $70.3k | $22.20 |
| − Vacancy | −$3.9k | −$1.22 |
| EGI | $66.4k | $20.98 |
| − OpEx | −$19.9k | −$6.29 |
| NOI | $46.5k | $14.69 |
3,165 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.0K
$581.0K – $774.7K
NOI $46,479 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$609.5K
$533.3K – $711.1K
NOI $42,666 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.06M
$924.4K – $1.23M
NOI $73,949 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with separate utilities and a detached two-car garage on Worcester’s East Side.
Where is this duplex located?
The property is located at 115 Orient Street Worcester, MA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 1939; Two units with hardwood/wood flooring and eat‑in kitchens; Separate utilities for each unit
