Two-Unit Duplex with Attic
New
For Sale
$649,000
12 Blanche St, Worcester, MA 01604
Two three-bedroom residences offer separate laundry areas and off-street parking for four vehicles.
Property Size3,436 SF
Price / SF$188.88
Days on Market5
Property Features for 12 Blanche St
General Information
Standard status
Active
Size
3,436 SF
Total Parking Spaces
4
Property subtype
Multi Family
Site & Location
Neighborhood
Union Hill C.w.a.
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
hardwood floors
laundry areas
Building Details
Building Size
3,436 SF
Year Built
1890
Listing Agency:
Madelyn Garcia Real Estate
(617) 889-4800
Listed By:
Natasha Cruz
(857) 445-5114
Source:
Iverty
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 30 at 5:06PM
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 Madelyn Garcia Real Estate
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Investment Insights
Based on property information with market context.
This 3,436-square-foot duplex, built in 1890, contains two three-bedroom units with hardwood floors and a laundry area for each. The second-floor residence also has an additional room that can serve as office or storage space. An attic bathroom is part of the building; any conversion of the attic to living space or an accessory dwelling unit is subject to city approval and buyer due diligence.
The property has a paved driveway with off-street parking for four cars. Both units are occupied by tenants at will. The two-unit layout also allows for an owner-occupant arrangement with one unit retained for rental use.
The property has a paved driveway with off-street parking for four cars. Both units are occupied by tenants at will. The two-unit layout also allows for an owner-occupant arrangement with one unit retained for rental use.
Key Highlights
- Two 3‑bedroom units with hardwood floors
- 3,436 square feet; built in 1890
- Separate laundry areas for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,459
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,180
$1.0M
Cap Rate 7%
$720,843
$720.8K
Cap Rate 9%
$560,656
$560.7K
Market Conditions
NOI Build-Up for 3,436 SF
Gross rent
$76.3K $22.20/SF
− Vacancy
−$4.2K −$1.22/SF
EGI
$72.1K $20.98/SF
− OpEx
−$21.6K −$6.29/SF
NOI
$50.5K $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%
$1,009,180
Cap Rate 7%
$720,843
Cap Rate 9%
$560,656
Alternative Uses
Best Use
Multifamily LT 5
$720.8K
$630.7K – $841.0K
NOI $50,459 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$661.7K
$579.0K – $772.0K
NOI $46,319 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,280 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,698
Businesses Nearby
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Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer separate laundry areas and off-street parking for four vehicles.
Where is this duplex located?
The property is located at 12 Blanche St Worcester, MA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two 3‑bedroom units with hardwood floors; 3,436 square feet; built in 1890; Separate laundry areas for both units
