Two-Unit Duplex with
New
For Sale
$629,900
28 June St, Worcester, MA 01602
Two residential units provide flexibility for owner occupancy, rental use, or multigenerational living.
Property Size3,568 SF
Price / SF$176.54
Days on Market5
Property Features for 28 June St
General Information
Standard status
Active
Size
3,568 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Newton Hill Neighborhood Association
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,214
Building Details
Year Built
1908
Listing Agency:
Coldwell Banker Realty - Worcester
(508) 795-7500
Listed By:
Megan M. Sullivan
(857) 869-3383
Source:
Exprealty
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 3:48PM
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 Coldwell Banker Realty - Worcester
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Investment Insights
Based on property information with market context.
This 3,568-square-foot duplex contains two units with a combined five bedrooms and two full bathrooms. Built in 1908, the home has hardwood floors, high ceilings, generously sized rooms, and two brick fireplaces. A two-car garage and off-street parking are also included.
The property is on June Street in Worcester’s West Side. Parks, shopping, dining, colleges, medical facilities, and major commuter routes are described as a short drive away.
The property is on June Street in Worcester’s West Side. Parks, shopping, dining, colleges, medical facilities, and major commuter routes are described as a short drive away.
Key Highlights
- 3,568 square feet across two residential units
- Five bedrooms and two full bathrooms total
- Two‑car garage and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,397
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,940
$1.0M
Cap Rate 7%
$748,529
$748.5K
Cap Rate 9%
$582,189
$582.2K
Market Conditions
NOI Build-Up for 3,568 SF
Gross rent
$79.2K $22.20/SF
− Vacancy
−$4.4K −$1.22/SF
EGI
$74.9K $20.98/SF
− OpEx
−$22.5K −$6.29/SF
NOI
$52.4K $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%
$1,047,940
Cap Rate 7%
$748,529
Cap Rate 9%
$582,189
Alternative Uses
Best Use
Multifamily LT 5
$748.5K
$655.0K – $873.3K
NOI $52,397 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$687.1K
$601.2K – $801.6K
NOI $48,098 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,364 @ 7.0% cap · market cap 13.23%
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
1,106
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide flexibility for owner occupancy, rental use, or multigenerational living.
Where is this duplex located?
The property is located at 28 June St Worcester, MA.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: 3,568 square feet across two residential units; Five bedrooms and two full bathrooms total; Two‑car garage and off‑street parking
