Two-Family Residence with Private
155 Grand Street Worcester, MA 01603
155 Grand Street, Worcester, MA, 01603
$499,900
For Sale
$499,900
Two-unit home offers unit 1 with 3 bedrooms and unit 2 on one level with 2 bedrooms, plus private yard space.
Property Size2,157 SF
Lot Size0.16 Acres
Price / SF$231.76
Days on Market66
Property Features for 155 Grand Street
General Information
- Standard status
- Active
- Size
- 2,157 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker Realty - Worcester
Listed by
Van Khanh Nguyen
(781) 878-2478
Source
Trufantre
Added: May 18 Updated: Jul 22 at 3:27AM Checked: Jul 22 at 3:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Worcester
Investment Insights
Based on property information with market context.
This two-family residence features two separate units. Unit 1 includes three bedrooms and a partial finished basement with a half bath, offering additional flexible space as a playroom or workshop. The second unit is all on one level and includes 2 bedrooms, with approximately 855 sf+/-.
Both units are occupied by long-time tenants. The second unit is currently rented at $1,200 per month. The property also includes a generous 7,131 square foot private yard.
For access, the home is close to major highways, including Route 146 and 290. Showing appointments are booked through ShowingTime.
Both units are occupied by long-time tenants. The second unit is currently rented at $1,200 per month. The property also includes a generous 7,131 square foot private yard.
For access, the home is close to major highways, including Route 146 and 290. Showing appointments are booked through ShowingTime.
Key Highlights
- Year built 1920 two‑family home with 2 units
- Unit 1 features 3 bedrooms plus a partial finished basement with a half bath
- Unit 2 is all on one level with 2 bedrooms and 855 SF +/-
Local Financial Insights For Multifamily LT 5
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 | $47.9k | $22.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $45.3k | $20.98 |
| − OpEx | −$13.6k | −$6.29 |
| NOI | $31.7k | $14.69 |
2,157 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.5K
$396.0K – $527.9K
NOI $31,676 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$415.4K
$363.5K – $484.6K
NOI $29,077 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$720.0K
$630.0K – $840.0K
NOI $50,397 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit home offers unit 1 with 3 bedrooms and unit 2 on one level with 2 bedrooms, plus private yard space.
Where is this duplex located?
The property is located at 155 Grand Street Worcester, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Year built 1920 two‑family home with 2 units; Unit 1 features 3 bedrooms plus a partial finished basement with a half bath; Unit 2 is all on one level with 2 bedrooms and 855 SF +/-
