2-Unit Duplex with Fenced
17 Tampa St, Worcester, MA 01604
For Sale
New
$499,900
Two separately metered residences are offered vacant, with eat-in kitchens and flexible bedroom layouts.
Property Size1,915 SF
Price / SF$264.64
Days on Market4
Property Features for 17 Tampa St
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Highway Access
Road Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Amenities
front porch
covered basement entrance
fenced backyard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Mathieu Newton Sotheby's International Realty
(508) 366-9608
Listed By:
Maria Romero Vagnini · License #449549571
(617) 640-1400
Source:
Iverty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 7:01AM
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 Mathieu Newton Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 1,889-square-foot duplex contains an upstairs residence and a downstairs residence, each with a flexible two- to three-bedroom layout, an eat-in kitchen, and a full bathroom. Separate water and gas meters serve the units. Exterior features include a street-facing front porch, a covered basement entrance, and a flat, fully fenced backyard. The property will be delivered vacant.
The Worcester property is minutes from the UMass Medical main campus, major highways, and the dining and shopping options along Shrewsbury Street.
The Worcester property is minutes from the UMass Medical main campus, major highways, and the dining and shopping options along Shrewsbury Street.
Key Highlights
- Two units, each with a flexible 2‑to‑3 bedroom layout
- 1,889 square feet
- Separate water and gas meters for the residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,741
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,820
$554.8K
Cap Rate 7%
$396,300
$396.3K
Cap Rate 9%
$308,233
$308.2K
Market Conditions
NOI Build-Up for 1,889 SF
Gross rent
$41.9K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$39.6K $20.98/SF
− OpEx
−$11.9K −$6.29/SF
NOI
$27.7K $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%
$554,820
Cap Rate 7%
$396,300
Cap Rate 9%
$308,233
Alternative Uses
Best Use
Multifamily LT 5
$396.3K
$346.8K – $462.4K
NOI $27,741 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$363.8K
$318.3K – $424.4K
NOI $25,465 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$630.5K
$551.7K – $735.6K
NOI $44,136 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,836
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
$321,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two separately metered residences are offered vacant, with eat-in kitchens and flexible bedroom layouts.
Where is this duplex located?
The property is located at 17 Tampa St 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: Two units, each with a flexible 2‑to‑3 bedroom layout; 1,889 square feet; Separate water and gas meters for the residences
