Two-Unit Residential
24 Proctor Street Worcester, MA 01606
24 Proctor Street, Worcester, MA, 01606
$624,900
For Sale
$624,900
Well-maintained duplex with two units, each offering two bedrooms, one full bath, and private laundry space.
Property Size1,700 SF
Price / SF$367.59
Days on Market27
Property Features for 24 Proctor Street
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Keller Williams Pinnacle Central
Listed by
The Riel Estate Team
(617) 236-0711
Source
Campionre
Added: Jun 25 Updated: Jul 20 at 11:37PM Checked: Jul 20 at 11:37PM
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 Keller Williams Pinnacle Central
Investment Insights
Based on property information with market context.
This well-maintained multi-family duplex was built in 1920 and offers 2 units. Each unit includes two bedrooms, one full bathroom, and private laundry space, supporting comfortable day-to-day living. The property also features a backyard and patio, plus two parking spaces.
Located at 24 Proctor Street in Worcester, Massachusetts, the home offers a lake view as part of the outdoor setting.
For buyers seeking a ready-to-move-in residential income property, this duplex provides a straightforward 2-unit layout with dedicated laundry within each unit and covered outdoor space through the backyard and patio.
Located at 24 Proctor Street in Worcester, Massachusetts, the home offers a lake view as part of the outdoor setting.
For buyers seeking a ready-to-move-in residential income property, this duplex provides a straightforward 2-unit layout with dedicated laundry within each unit and covered outdoor space through the backyard and patio.
Key Highlights
- Multi‑family duplex built in 1920 with 1,700 SF of living space
- Property has 2 units; each unit offers 2 bedrooms and 1 full bathroom
- Each unit includes private laundry space
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 | $37.7k | $22.20 |
| − Vacancy | −$2.1k | −$1.22 |
| EGI | $35.7k | $20.98 |
| − OpEx | −$10.7k | −$6.29 |
| NOI | $25.0k | $14.69 |
1,700 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.6K
$312.1K – $416.1K
NOI $24,965 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$327.4K
$286.5K – $382.0K
NOI $22,917 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$567.4K
$496.5K – $662.0K
NOI $39,720 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two units, each offering two bedrooms, one full bath, and private laundry space.
Where is this duplex located?
The property is located at 24 Proctor Street Worcester, MA.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Multi‑family duplex built in 1920 with 1,700 SF of living space; Property has 2 units; each unit offers 2 bedrooms and 1 full bathroom; Each unit includes private laundry space
