Restored 2-Family Mixed-Use
118 Worcester St West Boylston, MA 01583
118 Worcester St, West Boylston, MA, 01583
$849,900
For Sale
$849,900
Built in 1908 and fully renovated in 2005, featuring separate utilities and a 3-car garage with off-street parking.
Property Size3,096 SF
Price / SF$274.52
Days on Market91
Property Features for 118 Worcester St
General Information
- Standard status
- Active
- Size
- 3,096 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing agency
A & E Realty Company, Inc.
(774) 261-3318
Listed by
Maria Troka
(774) 261-3318
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 21 at 11:36PM Checked: Jul 22 at 5:56AM
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 A & E Realty Company, Inc.
Investment Insights
Based on property information with market context.
Built in 1908, this classic Victorian 2-family property was fully renovated in 2005, including updated windows, roof, heating, electrical, plumbing, insulation, central air, and HW flooring. A recent 1st-floor addition includes a spacious primary suite with an en-suite bath. The property has separate utilities for each unit, and a walk-up attic that provides expansion potential. A 3-car garage can support hobby space or additional rental income, with off-street parking for 8+ cars.
The home is in desirable business zoning and has been thoughtfully used as both apartments and commercial space, including a candy store and a chiropractor’s office. It’s conveniently located near the town center, schools, parks, and restaurants.
The 1st-floor layout can easily convert back to 3 BR. Together, the configuration supports flexible living and working arrangements within the same building.
The home is in desirable business zoning and has been thoughtfully used as both apartments and commercial space, including a candy store and a chiropractor’s office. It’s conveniently located near the town center, schools, parks, and restaurants.
The 1st-floor layout can easily convert back to 3 BR. Together, the configuration supports flexible living and working arrangements within the same building.
Key Highlights
- 2‑family property built in 1908 and fully renovated in 2005, including updated windows, roof, heating, electrical, plumbing, insulation, and central air
- Full renovation included HW flooring and other improvements; recent first‑floor addition features a spacious primary suite with en‑suite bath
- Property has separate utilities for the 2 units
Local Financial Insights For Office B
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 | $92.9k | $30.00 |
| − Vacancy | −$17.6k | −$5.70 |
| EGI | $75.2k | $24.30 |
| − OpEx | −$18.8k | −$6.08 |
| NOI | $56.4k | $18.23 |
3,096 SF · lease $30.00/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$806.1K
$705.3K – $940.4K
NOI $56,425 @ 7.0% cap · market cap 6.64%
Second Best
Retail
$654.0K
$572.3K – $763.0K
NOI $45,782 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.06M
$925.1K – $1.23M
NOI $74,007 @ 7.0% cap · market cap 8.71%
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 - Built in 1908 and fully renovated in 2005, featuring separate utilities and a 3-car garage with off-street parking.
Where is this duplex located?
The property is located at 118 Worcester St West Boylston, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 2‑family property built in 1908 and fully renovated in 2005, including updated windows, roof, heating, electrical, plumbing, insulation, and central air; Full renovation included HW flooring and other improvements; recent first‑floor addition features a spacious primary suite with en‑suite bath; Property has separate utilities for the 2 units
