146 -152 Chandler, Worcester, MA 01609
17-unit mixed-use property near Polar Park.
- Added:
- Mar 10, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 3 at 3:03 am
Property Features for 146 -152 Chandler
General Information
- Standard status
- Active
- Size
- 17,410 SF
- Lot size
- 0.45 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1920
Listing office Cameron Prestige, LLC (508) 556-3209
Listing date Mar 10, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Cameron Prestige, LLC
HighLights
- Mixed‑use property with 15 residential and 2 retail units.
- Strong potential to increase Net Operating Income (NOI) by raising rents.
- Large 3‑building property totaling 17,410 SF with 30‑car parking.
- Convenient central Worcester location near Polar Park (Red Sox AAA team).
- Recent renovations including apartments, rubber roof, and 2020 boiler.
- Equipped with a sprinkler system and monitoring.
Overview
Local Financial Insights For Retail
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 | $365.6k | $21.00 |
| − Vacancy | −$23.8k | −$1.37 |
| EGI | $341.8k | $19.64 |
| − OpEx | −$102.6k | −$5.89 |
| NOI | $239.3k | $13.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8131366
- Latitude
- 42.2604014