Two-Family Residential Income
For Sale
$450,000
212-214 Dewey Street, Worcester, MA 01610
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 Market201
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
Changed: Jul 21
Last Checked: Jul 23 at 6:38AM
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
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
