Two-Family Residential Income
212-214 Dewey Street Worcester, MA 01610
212-214 Dewey Street, Worcester, MA, 01610
$450,000
For Sale
$450,000
Well-maintained two-family property on a single parcel with separate entrances for each unit.
Property Size1,664 SF
Price / SF$270.43
Days on Market191
Property Features for 212-214 Dewey Street
General Information
- Standard status
- Active
- Size
- 1,664 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1988
Listing agency
RE/MAX Diverse
(774) 823-3441
Listed by
Yuri Beato · License #9567921
(774) 823-3441
Source
Compass
Added: Jan 12 Updated: Jul 21 at 8:29PM Checked: Jul 22 at 8:31AM
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 Diverse
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex is located on a single parcel at 212-214 Dewey Street per assessor records. The property consists of two units, each offering 2 bedrooms and 1 full bath. Each unit has a separate entrance. At the time of sale, one unit will be delivered vacant, providing an immediate opportunity for an owner-occupant or an investor.
The listing notes the property is conveniently located near local amenities, shopping, schools, and major routes. Prospective buyers should conduct their own due diligence regarding basement use and tenancy.
The listing notes the property is conveniently located near local amenities, shopping, schools, and major routes. Prospective buyers should conduct their own due diligence regarding basement use and tenancy.
Key Highlights
- Well‑maintained two‑family property on a single parcel at 212–214 Dewey Street (per assessor records)
- Each unit has 2 bedrooms and 1 full bath with separate entrances
- One unit will be delivered vacant, supporting owner‑occupied or investor plans
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 | $36.9k | $22.20 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $34.9k | $20.98 |
| − OpEx | −$10.5k | −$6.29 |
| NOI | $24.4k | $14.69 |
1,664 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.1K
$305.5K – $407.3K
NOI $24,436 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$320.5K
$280.4K – $373.9K
NOI $22,432 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$555.4K
$486.0K – $648.0K
NOI $38,878 @ 7.0% cap · market cap 8.64%
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 two-family property on a single parcel with separate entrances for each unit.
Where is this duplex located?
The property is located at 212-214 Dewey Street Worcester, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑maintained two‑family property on a single parcel at 212–214 Dewey Street (per assessor records); Each unit has 2 bedrooms and 1 full bath with separate entrances; One unit will be delivered vacant, supporting owner‑occupied or investor plans
