Six-Unit Apartment
For Sale
$850,000
Pending
15-17 Dorchester St, Worcester, MA 01610
Residential Income, Worcester, MA
Property Size4,727 SF
Lot Size0.09 Acres
Days on Market96
Property Features for 15-17 Dorchester St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RG-5
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 8, Bedroom 3, Bedroom 2, Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 10, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 1, Bedroom 9, Bathroom 3
Parking
4
Directions
Vernon St to Dorchester St
Standard status
Pending
APN
M:05 B:018 L:00017
Size
4,727 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
4548
Building Details
Year built
1890
Floors in Building
5
Number of units
6
Listing Agency:
RE/MAX Vision · RE/MAX International
Listed By:
Jeff Burk
(508) 595-9900
Added: Jul 19
Changed: Oct 18
Last Checked: Oct 22 at 6:06AM
MLS# 73552012
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily offering comprises two triple-decker buildings on one 0.0924-acre lot, totaling 4,727 square feet and six residential units. The front structure includes three units with one to three bedrooms, along with kitchens and living rooms; the basement and first-floor apartments are each one-bedroom layouts. The rear building contains two two-bedroom apartments and one one-bedroom apartment, with kitchen and living areas in every unit. Heating systems include baseboard, gas parlor heaters, and central gas heat.
Separate utilities serve each unit. The property was built in 1890 and is zoned RG-5. It is near Polar Park, the Canal District, Quinsigamond Village, a Walmart shopping plaza, Route 146, and the Massachusetts Turnpike.
Separate utilities serve each unit. The property was built in 1890 and is zoned RG-5. It is near Polar Park, the Canal District, Quinsigamond Village, a Walmart shopping plaza, Route 146, and the Massachusetts Turnpike.
Key Highlights
- Two triple‑decker buildings on one 0.0924‑acre lot
- 6 residential units totaling 4,727 square feet
- Unit mix includes 1- to 3‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,722
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,440
$1.3M
Cap Rate 7%
$910,314
$910.3K
Cap Rate 9%
$708,022
$708.0K
Market Conditions
NOI Build-Up for 4,727 SF
Gross rent
$122.0K $25.80/SF
− Vacancy
−$6.1K −$1.29/SF
EGI
$115.9K $24.51/SF
− OpEx
−$52.1K −$11.03/SF
NOI
$63.7K $13.48/SF
Area
Worcester, MA
Vacancy
5.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,274,440
Cap Rate 7%
$910,314
Cap Rate 9%
$708,022
Alternative Uses
Best Use
Apartment 5plus
$910.3K
$796.5K – $1.06M
NOI $63,722 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,444 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,698
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two multifamily buildings provide six units with separate utilities and varied bedroom layouts.
Where is this apartment building located?
The property is located at 15-17 Dorchester St Worcester, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two triple‑decker buildings on one 0.0924‑acre lot; 6 residential units totaling 4,727 square feet; Unit mix includes 1- to 3‑bedroom apartments
