17-Room Duplex with
23 Germain St, Worcester, MA 01602
For Sale
New
$998,000
RL-7-zoned residential property offers multiple kitchens and laundry rooms across a large, flexible layout.
Property Size5,560 SF
Price / SF$179.50
Days on Market3
Property Features for 23 Germain St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Full,Walk-Out Access,Interior Entry,Bulkhead,Sump Pump,Concrete,Unfinished
Wood,Tile,Hardwood,Stone/Ceramic Tile
Yes
4
3
10
Box/Bay/Bow Window(s),Stained Glass Window(s),Storm Window(s)
Washer Hookup,Dryer Hookup,Washer & Dryer Hookup
Public Record
5
Wood Burning
High Speed Internet,Laundry Room,Ceiling Fan(s),Storage,Upgraded Cabinets,Upgraded Countertops,Walk-In Closet(s),Bathroom With Tub & Shower,Bathroom with Shower Stall,Living Room,Dining Room,Kitchen,
5560
No
Level
Public
0.2
7
2
1806
75.00
Paved Drive,Off Street,Paved
Paved
Garden
Concrete Perimeter,Stone,Brick/Mortar
Public Maintained Road
Building Details
Building Size
Year Built
Stories
Listing Agency:
Edwards Real Estate
Listed By:
Sandra J. Edwards
Source:
Popularproperties
Added: Nov 7
Last Checked: Nov 8 at 8:08AM
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 Edwards Real Estate
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Investment Insights
Based on property information with market context.
This Worcester residential property contains 5,560 square feet and was built in 1901. Its 17 rooms include 8+ bedrooms, four full bathrooms, two kitchens, and two laundry rooms. Five fireplaces are among the interior features. The property is currently used as a single-family residence and recorded as a two-family property, with RL-7 zoning.
Outside, the property has a detached two-car garage and seven off-street parking spaces. The residence also includes stained glass and bay-style windows, storage, and upgraded cabinets and countertops.
Outside, the property has a detached two-car garage and seven off-street parking spaces. The residence also includes stained glass and bay-style windows, storage, and upgraded cabinets and countertops.
Key Highlights
- 5,560‑square‑foot property with 17 rooms
- 8+ bedrooms and four full bathrooms
- Two kitchens and two laundry rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,650
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,000
$1.6M
Cap Rate 7%
$1,166,429
$1.2M
Cap Rate 9%
$907,222
$907.2K
Market Conditions
NOI Build-Up for 5,560 SF
Gross rent
$123.4K $22.20/SF
− Vacancy
−$6.8K −$1.22/SF
EGI
$116.6K $20.98/SF
− OpEx
−$35.0K −$6.29/SF
NOI
$81.7K $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%
$1,633,000
Cap Rate 7%
$1,166,429
Cap Rate 9%
$907,222
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,650 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$1.07M
$936.9K – $1.25M
NOI $74,952 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,907 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
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Business Placement
Demographics for 01602, MA
25,382
Population
10,483
Households
2.4
Avg Household Size
39
Median Age
47%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
4,376
Density / Sq Mi
$94,351
Median Household Income
$47,259
Median Earnings
$1,471
Median Rent
$380,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Worcester, MA
Properties on Market for Duplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - RL-7-zoned residential property offers multiple kitchens and laundry rooms across a large, flexible layout.
Where is this duplex located?
The property is located at 23 Germain St Worcester, MA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 5,560‑square‑foot property with 17 rooms; 8+ bedrooms and four full bathrooms; Two kitchens and two laundry rooms
