Multi-Family
21 Dorothy Avenue Worcester, MA 01606
21 Dorothy Avenue, Worcester, MA, 01606
$615,000
For Sale
$615,000
Well-maintained multi-family home with updated electric, recent roof and exterior paint, and a walk-up attic.
Property Size2,404 SF
Price / SF$255.82
Days on Market37
Property Features for 21 Dorothy Avenue
General Information
- Standard status
- Active
- Size
- 2,404 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1915
Listing agency
RE/MAX Vision
(508) 595-9900
Listed by
William P. Callahan · License #9004302
(508) 595-9900
Source
Compass
Added: Jun 16 Updated: Jul 21 at 11:57PM Checked: Jul 22 at 8:20AM
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 RE/MAX Vision
Investment Insights
Based on property information with market context.
This meticulously maintained multi-family residence offers four bedrooms and includes a walk-up attic that provides possible room for expansion. The property has recent updates including a roof and exterior paint, along with updated electric.
The home is set within a peaceful garden setting and is surrounded by a wall with perennials. Long-term owners are expected to deliver the property vacant, and the listing states the property is easy to show.
According to the remarks, it is a solid, well-built home in the Burncoat - Greendale area of Worcester and is being offered for sale with a price change.
The home is set within a peaceful garden setting and is surrounded by a wall with perennials. Long-term owners are expected to deliver the property vacant, and the listing states the property is easy to show.
According to the remarks, it is a solid, well-built home in the Burncoat - Greendale area of Worcester and is being offered for sale with a price change.
Key Highlights
- Well‑maintained multi‑family home built in 1915
- 2 full bathrooms; full basement with interior access and sump pump
- Wood flooring throughout
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 | $53.4k | $22.20 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $50.4k | $20.98 |
| − OpEx | −$15.1k | −$6.29 |
| NOI | $35.3k | $14.69 |
2,404 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$504.3K
$441.3K – $588.4K
NOI $35,303 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$463.0K
$405.1K – $540.1K
NOI $32,407 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$802.4K
$702.1K – $936.1K
NOI $56,168 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained multi-family home with updated electric, recent roof and exterior paint, and a walk-up attic.
Where is this duplex located?
The property is located at 21 Dorothy Avenue Worcester, MA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Well‑maintained multi‑family home built in 1915; 2 full bathrooms; full basement with interior access and sump pump; Wood flooring throughout
