14-16 Dean St, Worcester, MA 01609
Fully rented 8-unit property with off-street parking and a small yard area near major Worcester destinations.
- Added:
- Jun 2, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 5 at 2:44 am
Property Features for 14-16 Dean St
General Information
- Standard status
- Active
- Size
- 5,205 SF
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1940
Listing agent The Riel Estate Team (774) 200-8697
Listing office Keller Williams Pinnacle Central (774) 200-8697
Listing date Jun 2, 2026
Source Lockandkeyre
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Pinnacle Central
HighLights
- 8‑unit multi‑family property built in 1940
- Fully rented (all units) cash‑flowing investment property
- Driveway plus a two‑car garage for off‑street parking
- Includes a small yard area
- Location near WPI campus and Worcester Art Museum, with minutes to the highway
Overview
The property is located in the WPI area of Worcester, positioned just steps to the heart of the WPI campus. It is also close to the Worcester Art Museum and within minutes of the highway, supporting practical day-to-day access for tenants and visitors.
For buyers or investors seeking a multi-family asset with existing occupancy, this building provides an 8-unit structure offered for sale in its current, fully rented condition. The combination of consistent on-site maintenance, dedicated off-street parking, and its proximity to major local destinations can make it a straightforward fit for those looking to acquire a residential income property in the WPI corridor.
Local Financial Insights For Apartment 5plus
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 | $134.3k | $25.80 |
| − Vacancy | −$6.7k | −$1.29 |
| EGI | $127.6k | $24.51 |
| − OpEx | −$57.4k | −$11.03 |
| NOI | $70.2k | $13.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8043597
- Latitude
- 42.2722517
