2 E Kendall St, Worcester, MA 01605
Fully occupied 3-family with three spacious 3BR/1BA apartments and recent kitchen and system updates.
- Added:
- Jun 4, 2026
- Days on Market:
- 33
- Last Refresh:
- Jun 10 at 2:26 am
Property Features for 2 E Kendall St
General Information
- Standard status
- Active
- Size
- 2,952 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1890
Listing office Agency X LLC (857) 753-5757
Listing date Jun 4, 2026
Source Lockandkeyre
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 Agency X LLC
HighLights
- Fully occupied 3‑family generating $5,700/month gross rental income
- All three floors feature spacious 3BR/1BA layouts
- Tenants pay gas and electric; lead paint certificates of compliance on all units
- Renovated first‑floor kitchen with new flooring and cabinets; updated second‑floor kitchen flooring; freshly painted common areas
- Energy‑efficient Rinnai gas heaters in Units 2 and 3; Unit 1 has forced hot air; all furnaces and ranges installed in recent years and city‑inspected
- Improvements include vinyl windows throughout, hot water tanks replaced in 2014 (Units 2 and 3), underground sewer line replaced in 2018, and basement structural reinforcement completed in 2022
Overview
The property is conveniently located near MBTA bus routes and UMass Memorial Medical Center, with parks, restaurants, and shops nearby. It also provides easy access to I-290 and the Mass Pike.
For investors seeking a turnkey, fully occupied income property, this building presents a straightforward unit mix with 3BR/1BA layouts across all three floors and a documented history of renovations and replacements to key building systems.
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 | $65.5k | $22.20 |
| − Vacancy | −$3.6k | −$1.22 |
| EGI | $61.9k | $20.98 |
| − OpEx | −$18.6k | −$6.29 |
| NOI | $43.4k | $14.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7884913
- Latitude
- 42.2733037
