Mixed-Use Building with
19 Kelley Sq Worcester, MA 01610
New
19 Kelley Sq, Worcester, MA, 01610
$750,000
For Sale
$750,000
Street-level retail space is currently occupied, with two well-maintained residential units in a mixed-use building.
Property Size3,360 SF
Price / SF$223.21
Days on Market3
Property Features for 19 Kelley Sq
General Information
- Standard status
- Active
- Size
- 3,360 SF
Building Details
- Year Built
- 1910
Listing agency
The O'Rourke Group Real Estate Professionals
(774) 312-6615
Listed by
Paul O'Rourke
Source
Dohertyproperties
Added: Jul 19 Updated: Jul 21 at 12:28PM Checked: Jul 21 at 12:28PM
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 mixed-use building includes a street-level commercial/retail space along with two well-maintained residential units. The retail component is currently occupied.
Located in Worcester’s Canal District, the property is described as being just seconds from Polar Park and Worcester Public Market. The public remarks also note easy access to Rt-290, Rt-146, and the Mass Pike.
With both commercial and residential components under one roof, the asset offers an integrated setup for buyers seeking a property that combines street-level retail presence with on-site residential income.
Located in Worcester’s Canal District, the property is described as being just seconds from Polar Park and Worcester Public Market. The public remarks also note easy access to Rt-290, Rt-146, and the Mass Pike.
With both commercial and residential components under one roof, the asset offers an integrated setup for buyers seeking a property that combines street-level retail presence with on-site residential income.
Key Highlights
- Mixed‑use building built in 1910 with street‑level commercial/retail plus two residential units
- Street‑level commercial/retail space is currently occupied
- Two well‑maintained 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 6.58%
Second Best
Retail
$659.7K
$577.3K – $769.7K
NOI $46,182 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.12M
$981.3K – $1.31M
NOI $78,505 @ 7.0% cap · market cap 10.47%
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?
Mixed-use property - Street-level retail space is currently occupied, with two well-maintained residential units in a mixed-use building.
Where is this mixed-use property located?
The property is located at 19 Kelley Sq Worcester, MA.
What is the asking price?
The asking price for this property is $750,000.
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 commercial/retail space is currently occupied; Two well‑maintained residential units in the same building
