Mixed-Use Building with
19 Kelley Square Worcester, MA 01610
19 Kelley Square, Worcester, MA, 01610
$825,000
For Sale
$825,000
Street-level retail space with two residential units, with the retail currently occupied.
Property Size3,360 SF
Price / SF$245.54
Days on Market83
Property Features for 19 Kelley Square
General Information
- Standard status
- Active
- Size
- 3,360 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agency
The O'Rourke Group Real Estate Professionals
Listed by
Paul O'Rourke
(413) 768-9848
Source
Wandamooney
Added: May 1 Updated: Jul 21 at 11:57AM Checked: Jul 22 at 7:57AM
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.
19 Kelley Square in Worcester offers a mixed-use setup with street-level commercial/retail space and two well-maintained residential units. The retail portion is currently occupied.
The property is located in Worcester’s Canal District, with easy access to Rt-290, Rt-146, and the Mass Pike. Public remarks also note the building’s proximity to Polar Park and Worcester Public Market, supported by the seller’s visibility and convenience claims.
For buyers looking for income-producing versatility, the layout combines an active retail storefront with two separate residential units within the same building.
The property is located in Worcester’s Canal District, with easy access to Rt-290, Rt-146, and the Mass Pike. Public remarks also note the building’s proximity to Polar Park and Worcester Public Market, supported by the seller’s visibility and convenience claims.
For buyers looking for income-producing versatility, the layout combines an active retail storefront with two separate residential units within the same building.
Key Highlights
- Mixed‑use building built in 1910 with street‑level commercial/retail plus two residential units
- Street‑level retail space is currently occupied
- Two residential units in the same building
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 | $74.6k | $22.20 |
| − Vacancy | −$4.1k | −$1.22 |
| EGI | $70.5k | $20.98 |
| − OpEx | −$21.1k | −$6.29 |
| NOI | $49.3k | $14.69 |
3,360 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$704.9K
$616.8K – $822.4K
NOI $49,343 @ 7.0% cap · market cap 5.98%
Second Best
Retail
$659.7K
$577.3K – $769.7K
NOI $46,182 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.12M
$981.3K – $1.31M
NOI $78,505 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Che! Empanada
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Street-level retail space with two residential units, with the retail currently occupied.
Where is this duplex located?
The property is located at 19 Kelley Square Worcester, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Mixed‑use building built in 1910 with street‑level commercial/retail plus two residential units; Street‑level retail space is currently occupied; Two residential units in the same building
