Two-Unit Duplex with
New
For Sale
$424,900
26 Merrill Rd, Worcester, MA 01606
The vacant first-floor residence includes laundry hookups, while the second unit provides rental income.
Property Size1,210 SF
Price / SF$351.16
Days on Market5
Property Features for 26 Merrill Rd
General Information
Standard status
Active
Size
1,210 SF
Total Parking Spaces
1
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
laundry hookups
Building Details
Building Size
1,210 SF
Year Built
1910
Listing Agency:
The O'Rourke Group Real Estate Professionals
Listed By:
Paul O'Rourke
(774) 312-6615
Source:
Iverty
Added: Oct 6
Changed: Oct 8
Last Checked: Oct 9 at 11:29PM
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 The O'Rourke Group Real Estate Professionals
Investment Insights
Based on property information with market context.
This 1,210-square-foot duplex, built in 1910, has two residential units. The first-floor unit is vacant and includes laundry hookups; the second unit generates rental income. Recent property work includes a newer architectural shingle roof, replacement windows, and fresh paint in the first-floor residence. A detached one-car garage offers additional storage.
The property occupies a corner lot in Worcester’s 01606 area, near Routes 190, 290, 9, and 20 and the Mass Pike. Indian Lake, shopping, dining, and other Worcester amenities are also nearby.
The property occupies a corner lot in Worcester’s 01606 area, near Routes 190, 290, 9, and 20 and the Mass Pike. Indian Lake, shopping, dining, and other Worcester amenities are also nearby.
Key Highlights
- Two‑unit duplex with a vacant first‑floor residence and rental income from the second unit
- 1,210 square feet; built in 1910
- First‑floor unit has laundry hookups and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,769
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,380
$355.4K
Cap Rate 7%
$253,843
$253.8K
Cap Rate 9%
$197,433
$197.4K
Market Conditions
NOI Build-Up for 1,210 SF
Gross rent
$26.9K $22.20/SF
− Vacancy
−$1.5K −$1.22/SF
EGI
$25.4K $20.98/SF
− OpEx
−$7.6K −$6.29/SF
NOI
$17.8K $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%
$355,380
Cap Rate 7%
$253,843
Cap Rate 9%
$197,433
Alternative Uses
Best Use
Multifamily LT 5
$253.8K
$222.1K – $296.2K
NOI $17,769 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$233.0K
$203.9K – $271.9K
NOI $16,311 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$403.9K
$353.4K – $471.2K
NOI $28,271 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 01606, MA
21,651
Population
9,427
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
3,609
Density / Sq Mi
$92,537
Median Household Income
$55,931
Median Earnings
$1,615
Median Rent
$343,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The vacant first-floor residence includes laundry hookups, while the second unit provides rental income.
Where is this duplex located?
The property is located at 26 Merrill Rd Worcester, MA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Two‑unit duplex with a vacant first‑floor residence and rental income from the second unit; 1,210 square feet; built in 1910; First‑floor unit has laundry hookups and fresh interior paint
