Two-Family Residential Income
1257 Grafton Street Worcester, MA 01604
For Sale
$579,900
Two distinct units offer two bedrooms on the upper level and spacious living on the lower level with private backyard access.
Property Size2,202 SF
Price / SF$263.35
Days on Market123
Property Features for 1257 Grafton Street
General Information
- Standard status
- Active
- Size
- 2,202 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1921
Listing Agency:
RE/MAX Partners
Listed By:
John Chalino
(617) 846-8000
Source:
Highlandre
Added: Mar 23
Changed: Jul 22
Last Checked: Jul 23 at 7:36AM
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 Partners
Investment Insights
Based on property information with market context.
This two-family home provides two separate residential units. The first-floor unit includes two bedrooms, two bathrooms, a kitchen, dining room, living room, and a cathedral family room, along with a private backyard. The upstairs apartment is a two-bedroom, one-bath layout with a kitchen and living room.
The property includes ample off-street parking and offers easy access to major highways, including the Mass Pike, for commuting convenience.
With two clearly defined living spaces and exterior outdoor space, the home is set up as a straightforward duplex-style option for rental and owner-occupant use.
The property includes ample off-street parking and offers easy access to major highways, including the Mass Pike, for commuting convenience.
With two clearly defined living spaces and exterior outdoor space, the home is set up as a straightforward duplex-style option for rental and owner-occupant use.
Key Highlights
- Two‑family home built in 1921 with two distinct units
- First‑floor unit: 2 bedrooms, 2 bathrooms, kitchen, dining room, living room, and cathedral family room
- Upstairs unit: 2 bedrooms, 1 bathroom, with kitchen and living room
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 | $48.9k | $22.20 |
| − Vacancy | −$2.7k | −$1.22 |
| EGI | $46.2k | $20.98 |
| − OpEx | −$13.9k | −$6.29 |
| NOI | $32.3k | $14.69 |
2,202 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.0K
$404.2K – $539.0K
NOI $32,337 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$424.1K
$371.1K – $494.7K
NOI $29,684 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$735.0K
$643.1K – $857.5K
NOI $51,449 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two distinct units offer two bedrooms on the upper level and spacious living on the lower level with private backyard access.
Where is this duplex located?
The property is located at 1257 Grafton Street Worcester, MA.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Two‑family home built in 1921 with two distinct units; First‑floor unit: 2 bedrooms, 2 bathrooms, kitchen, dining room, living room, and cathedral family room; Upstairs unit: 2 bedrooms, 1 bathroom, with kitchen and living room
