Two-Family
15 Maple Tree Ln, Worcester, MA 01602
For Sale
$680,000
Residential Income, Worcester, MA
Property Size2,400 SF
Lot Size0.09 Acres
Price / SF$283.33
Days on Market52
Property Features for 15 Maple Tree Ln
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
Christina Hill
(978) 369-5775
Added: Sep 23
Changed: Nov 3
Last Checked: Nov 13 at 11:06PM
MLS# 73581857
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 two-family duplex at 15 Maple Tree Ln includes two separate living areas, five bedrooms, and three bathrooms across 2,400 square feet. A third-floor bonus area provides additional room for an office, storage, recreation, or other household needs. The property was built in 1870 and occupies a 0.0899-acre lot with RL-7 zoning.
The Worcester location offers access to major routes, shopping, restaurants, schools, and everyday amenities. Its two-unit layout supports a range of residential arrangements, including owner occupancy, extended-family living, or rental use, as described in the property information.
The Worcester location offers access to major routes, shopping, restaurants, schools, and everyday amenities. Its two-unit layout supports a range of residential arrangements, including owner occupancy, extended-family living, or rental use, as described in the property information.
Key Highlights
- Two‑family layout with two separate living areas
- Five bedrooms and three bathrooms
- 2,400 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,245
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,900
$704.9K
Cap Rate 7%
$503,500
$503.5K
Cap Rate 9%
$391,611
$391.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$53.3K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$50.3K $20.98/SF
− OpEx
−$15.1K −$6.29/SF
NOI
$35.2K $14.69/SF
Area
Worcester, MA
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,900
Cap Rate 7%
$503,500
Cap Rate 9%
$391,611
Alternative Uses
Best Use
Multifamily LT 5
$503.5K
$440.6K – $587.4K
NOI $35,245 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$462.2K
$404.4K – $539.2K
NOI $32,353 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$801.1K
$700.9K – $934.6K
NOI $56,075 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,022
Businesses Nearby
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Business Placement
Demographics for 01602, MA
25,382
Population
10,483
Households
2.4
Avg Household Size
39
Median Age
47%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
4,376
Density / Sq Mi
$94,351
Median Household Income
$47,259
Median Earnings
$1,471
Median Rent
$380,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Worcester, MA
Properties on Market for Duplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Third-floor bonus area adds flexibility for office, storage, or recreation.
Where is this duplex located?
The property is located at 15 Maple Tree Ln Worcester, MA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two‑family layout with two separate living areas; Five bedrooms and three bathrooms; 2,400 square feet of property size
