Six-Unit Residential Income
18 Caprera Road Worcester, MA 01604
18 Caprera Road, Worcester, MA, 01604
$1,250,000
For Sale
$1,250,000
Six well-maintained units offer 2 bedrooms each with in-unit washer/dryer hookups and individual storage closets.
Property Size5,457 SF
Price / SF$229.06
Days on Market52
Property Features for 18 Caprera Road
General Information
- Standard status
- Active
- Size
- 5,457 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
The O'Rourke Group Real Estate Professionals
Listed by
Paul O'Rourke
(603) 548-5315
Source
Burkelordrealestate
Added: Jun 2 Updated: Jul 21 at 11:54AM Checked: Jul 22 at 7:13AM
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 The O'Rourke Group Real Estate Professionals
Investment Insights
Based on property information with market context.
This well-maintained six-unit residential income property is professionally managed and configured with six 2-bedroom, 1-bathroom apartments. Each unit includes its own storage closet and in-unit washer/dryer hookups. Common areas have been freshly painted, and several units have been recently remodeled.
The property is described as conveniently located just minutes from Worcester’s Shrewsbury Street Restaurant Row, Polar Park, and both UMass Memorial Medical Center and the Belmont medical campuses. Access to major regional routes is noted, including the Mass Pike, I-290, I-190, Route 20, Route 146, and Route 9.
Showings are scheduled to begin Friday 6/19 at 12:00 PM.
The property is described as conveniently located just minutes from Worcester’s Shrewsbury Street Restaurant Row, Polar Park, and both UMass Memorial Medical Center and the Belmont medical campuses. Access to major regional routes is noted, including the Mass Pike, I-290, I-190, Route 20, Route 146, and Route 9.
Showings are scheduled to begin Friday 6/19 at 12:00 PM.
Key Highlights
- 6‑family property built in 1920 with six 2‑bedroom, 1‑bath units
- In‑unit washer/dryer hookups in each unit, plus a storage closet per unit
- Several units have been recently remodeled
Local Financial Insights For Apartment 5plus
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 | $140.8k | $25.80 |
| − Vacancy | −$7.0k | −$1.29 |
| EGI | $133.8k | $24.51 |
| − OpEx | −$60.2k | −$11.03 |
| NOI | $73.6k | $13.48 |
5,457 SF · lease $25.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$919.5K – $1.23M
NOI $73,563 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,500 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tabbutt Asphalt and Excavation
General Contractor
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FAQs
What type of property is this?
Apartment building - Six well-maintained units offer 2 bedrooms each with in-unit washer/dryer hookups and individual storage closets.
Where is this apartment building located?
The property is located at 18 Caprera Road Worcester, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6‑family property built in 1920 with six 2‑bedroom, 1‑bath units; In‑unit washer/dryer hookups in each unit, plus a storage closet per unit; Several units have been recently remodeled
