Two-Unit Multifamily
For Sale
$535,000
2 Hacker Ct, Worcester, MA 01603
Two residential units with updated heating systems, large backyard, detached two-car garage, and a spacious basement for storage.
Property Size2,364 SF
Price / SF$226.31
Days on Market104
Property Features for 2 Hacker Ct
General Information
Standard status
Active
Size
2,364 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Zoning
RG-5
Net Operating Income
$54,000
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,267
Building Details
Building Size
2,364 SF
Year Built
1860
Stories
3
Tenancy
Multi
Listing Agency:
Redfin Corp.
(617) 340-7803
Listed By:
Ann Marie Silva
(508) 207-3710
Source:
Churchillprop
Added: Jul 11
Changed: Oct 6
Last Checked: Oct 20 at 6:05PM
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 Redfin Corp.
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Investment Insights
Based on property information with market context.
This two-unit multifamily residence offers two separate living configurations. The first-floor unit includes two bedrooms and a spacious living room with a functional floor plan. The second-floor unit has four bedrooms and a large living room, and both units benefit from recently updated heating systems.
The property is located in Worcester with convenient access to I-290, I-190, Route 146, and the Mass Pike, along with nearby shopping, restaurants, schools, parks, and public transportation.
Additional on-site features include a large backyard, a detached two-car garage, and a spacious basement that provides ample storage.
The property is located in Worcester with convenient access to I-290, I-190, Route 146, and the Mass Pike, along with nearby shopping, restaurants, schools, parks, and public transportation.
Additional on-site features include a large backyard, a detached two-car garage, and a spacious basement that provides ample storage.
Key Highlights
- Two‑family home built in 1860 with 1st- and 2nd‑floor unit layouts
- 1st‑floor unit includes 2 bedrooms and a spacious living room with a functional floor plan
- 2nd‑floor unit features 4 bedrooms and a large living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,716
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,320
$694.3K
Cap Rate 7%
$495,943
$495.9K
Cap Rate 9%
$385,733
$385.7K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$52.5K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$49.6K $20.98/SF
− OpEx
−$14.9K −$6.29/SF
NOI
$34.7K $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%
$694,320
Cap Rate 7%
$495,943
Cap Rate 9%
$385,733
Alternative Uses
Best Use
Multifamily LT 5
$495.9K
$434.0K – $578.6K
NOI $34,716 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$455.3K
$398.4K – $531.1K
NOI $31,868 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$789.1K
$690.4K – $920.6K
NOI $55,234 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Explore this area
Business Placement
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with updated heating systems, large backyard, detached two-car garage, and a spacious basement for storage.
Where is this duplex located?
The property is located at 2 Hacker Ct Worcester, MA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑family home built in 1860 with 1st- and 2nd‑floor unit layouts; 1st‑floor unit includes 2 bedrooms and a spacious living room with a functional floor plan; 2nd‑floor unit features 4 bedrooms and a large living room
