Two-Family Residential Income
16 Northboro Street Worcester, MA 01604
16 Northboro Street, Worcester, MA, 01604
$529,000
For Sale
$529,000
Two-unit home with hardwood floors, garage, four off-street parking spaces, and a full basement.
Property Size1,769 SF
Price / SF$299.04
Days on Market10
Property Features for 16 Northboro Street
General Information
- Standard status
- Active
- Size
- 1,769 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1913
Listing agency
La Maison
Listed by
Tai Cheng
(617) 661-6600
Source
Cambridgerealty
Added: Jul 14 Updated: Jul 22 at 10:52AM Checked: Jul 22 at 10:52AM
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 La Maison
Investment Insights
Based on property information with market context.
This classic two-family residence offers two separate units with a combined four bedrooms and two full bathrooms. The property includes hardwood floors, generous living spaces, a garage, and a full basement suitable for additional storage. Parking is available with four off-street spaces, in addition to street parking.
The home is situated on a corner lot near major highways and public transportation, with access to local schools, shopping, restaurants, and UMass Memorial Medical Center. Unit 1 is listed at a lower market rent of $1,650.00, while the second-floor unit is currently vacant and reported at a market rent of $2,200.00.
Please note that showings are restricted because the second unit is tenant-occupied, with no showings available prior to the scheduled open houses on 07/25/2026 from 11:00am to 12:30pm and 07/26/2026 from 1:00pm to 2:30pm.
The home is situated on a corner lot near major highways and public transportation, with access to local schools, shopping, restaurants, and UMass Memorial Medical Center. Unit 1 is listed at a lower market rent of $1,650.00, while the second-floor unit is currently vacant and reported at a market rent of $2,200.00.
Please note that showings are restricted because the second unit is tenant-occupied, with no showings available prior to the scheduled open houses on 07/25/2026 from 11:00am to 12:30pm and 07/26/2026 from 1:00pm to 2:30pm.
Key Highlights
- Classic two‑family home built in 1913 with two units and a combined 4 bedrooms and 2 full bathrooms
- Hardwood floors and generous living spaces in both units
- Corner lot with a garage and four car parking (off‑street), plus street parking available
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 | $39.3k | $22.20 |
| − Vacancy | −$2.2k | −$1.22 |
| EGI | $37.1k | $20.98 |
| − OpEx | −$11.1k | −$6.29 |
| NOI | $26.0k | $14.69 |
1,769 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.7K – $433.0K
NOI $25,978 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$340.7K
$298.1K – $397.5K
NOI $23,847 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$590.5K
$516.7K – $688.9K
NOI $41,332 @ 7.0% cap · market cap 7.81%
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 with hardwood floors, garage, four off-street parking spaces, and a full basement.
Where is this duplex located?
The property is located at 16 Northboro Street Worcester, MA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Classic two‑family home built in 1913 with two units and a combined 4 bedrooms and 2 full bathrooms; Hardwood floors and generous living spaces in both units; Corner lot with a garage and four car parking (off‑street), plus street parking available
