Two Triple Decker Apartment
15-17 Dorchester St Worcester, MA 01610
New
15-17 Dorchester St, Worcester, MA, 01610
$850,000
For Sale
$850,000
MULTI_FAMILY - Worcester, MA
Property Size4,727 SF
Lot Size0.09 Acres
Price / SF$179.82
Days on Market2
Property Features for 15-17 Dorchester St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RG-5
- Bedrooms
- 10
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bedroom 9, Bedroom 6, Bedroom 2, Bedroom 10, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 7, Bathroom 6, Bedroom 4, Bedroom 8
- Parking
- 4
- Standard status
- Active
- 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
(508) 595-9900
25 Union Street, Worcester, MA
Listed by
Jeff Burk · License #453001487
(508) 595-9900
Added: Jul 19 Checked: Jul 20 at 7:06 pm
MLS# 73552012
Listing URL
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.
Investment Insights
Based on property information with market context.
Now available in the Vernon Hill area of Worcester is a multifamily package consisting of two triple decker homes on one lot. The front building (17) includes units with 1 to 3 bedrooms, with a large kitchen and living room, and provides a basement unit plus a first-floor 1-bedroom unit. The back building (15) has a first-floor 2-bedroom unit with baseboard heat, a second-floor 2-bedroom unit with gas parlor heaters, and a third-floor 1-bedroom unit with central heat by gas. Across the buildings, each unit includes a kitchen and living room.
All units have separate utilities. Zoning is RG-5.
The property is located near WooSox Polar Park and the Canal District, with access to Quinsigamond Village/Walmart shopping plaza and route 146 and MA Pike noted in the remarks.
All units have separate utilities. Zoning is RG-5.
The property is located near WooSox Polar Park and the Canal District, with access to Quinsigamond Village/Walmart shopping plaza and route 146 and MA Pike noted in the remarks.
Key Highlights
- Two triple‑decker homes on one lot, built in 1890
- Front building (17): 1–3BR per unit with large kitchen and living room; basement and first‑floor units are 1BR each
- Front building includes separate utilities for each unit
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 | $122.0k | $25.80 |
| − Vacancy | −$6.1k | −$1.29 |
| EGI | $115.9k | $24.51 |
| − OpEx | −$52.1k | −$11.03 |
| NOI | $63.7k | $13.48 |
4,727 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two triple decker buildings on one lot offer separate utilities and multiple 1- and 2-bedroom units.
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 homes on one lot, built in 1890; Front building (17): 1–3BR per unit with large kitchen and living room; basement and first‑floor units are 1BR each; Front building includes separate utilities for each unit
