Two-Family Duplex with
For Sale
$575,000
Pending
16 Dartmouth St, Worcester, MA 01604
Two three-bedroom units with updated water heaters, replacement windows, and separate laundry areas.
Property Size2,422 SF
Days on Market51
Property Features for 16 Dartmouth St
General Information
Standard status
Pending
Size
2,422 SF
Total Parking Spaces
4
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
fenced-in yard
Building Details
Year Built
1900
Listing Agency:
RE/MAX Vision
(508) 595-9900
Listed By:
Colleen Griffin · License #9063104
(508) 439-3002
Source:
Lockandkeyre
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 5 at 6:50PM
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 RE/MAX Vision
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,422 square feet and was built in 1900. Each unit offers three bedrooms, generous living and dining rooms, a cabinet-filled eat-in kitchen, and a laundry area or closet. Replacement windows and updated water heaters serve the property, while a new roof is scheduled for installation before closing. A walk-up provides access to the third floor, and the RG-5 zoning is identified for the property.
Exterior features include a fenced yard and off-street parking for 4 cars. Regional access is available via I-290, I-495, Route 146, Route 20, and the Mass Pike. The property is in Worcester, near colleges, cultural attractions, entertainment venues, and sports facilities.
Exterior features include a fenced yard and off-street parking for 4 cars. Regional access is available via I-290, I-495, Route 146, Route 20, and the Mass Pike. The property is in Worcester, near colleges, cultural attractions, entertainment venues, and sports facilities.
Key Highlights
- Two‑family property with 2,422 square feet, built in 1900
- Two units, each with 3 bedrooms
- New roof to be installed prior to closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,568
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,360
$711.4K
Cap Rate 7%
$508,114
$508.1K
Cap Rate 9%
$395,200
$395.2K
Market Conditions
NOI Build-Up for 2,422 SF
Gross rent
$53.8K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$50.8K $20.98/SF
− OpEx
−$15.2K −$6.29/SF
NOI
$35.6K $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%
$711,360
Cap Rate 7%
$508,114
Cap Rate 9%
$395,200
Alternative Uses
Best Use
Multifamily LT 5
$508.1K
$444.6K – $592.8K
NOI $35,568 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$466.4K
$408.1K – $544.2K
NOI $32,650 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$808.4K
$707.4K – $943.2K
NOI $56,589 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units with updated water heaters, replacement windows, and separate laundry areas.
Where is this duplex located?
The property is located at 16 Dartmouth St Worcester, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑family property with 2,422 square feet, built in 1900; Two units, each with 3 bedrooms; New roof to be installed prior to closing
