Stabilized Two-Family with
3-7 Stidsen Way Worcester, MA 01604
3-7 Stidsen Way, Worcester, MA, 01604
$720,000
For Sale
$720,000
Well-maintained stabilized two-family with a two-car garage, developable land, ample off-street parking, and separate utilities.
Property Size1,590 SF
Price / SF$452.83
Days on Market25
Property Features for 3-7 Stidsen Way
General Information
- Standard status
- Active
- Size
- 1,590 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1923
Listing agency
Coldwell Banker Realty - Boston
Listed by
Waypoint Realty Group
(978) 808-8064
Source
Merryfoxrealty
Added: Jun 29 Updated: Jul 23 at 1:27AM Checked: Jul 23 at 1:27AM
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 - Boston
Investment Insights
Based on property information with market context.
This well-maintained multi-unit property at 3-7 Stidsen Way includes a stabilized two-family configuration. The offering features a two-car garage, developable land, ample off-street parking, and separate utilities for the residential units, supporting efficient management.
Located in a convenient Worcester area close to major highways, shopping, restaurants, schools, and public transportation, the property is positioned for everyday accessibility.
The combination of an existing stabilized two-family setup and developable land provides flexibility for current ownership and future planning, with income potential supported by the property’s multi-unit structure and residential demand described in the remarks.
Located in a convenient Worcester area close to major highways, shopping, restaurants, schools, and public transportation, the property is positioned for everyday accessibility.
The combination of an existing stabilized two-family setup and developable land provides flexibility for current ownership and future planning, with income potential supported by the property’s multi-unit structure and residential demand described in the remarks.
Key Highlights
- Well‑maintained stabilized 2‑family multi‑unit property with residential units
- Two‑car garage plus ample off‑street parking
- Separate utilities for efficient management
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 | $35.3k | $22.20 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $33.4k | $20.98 |
| − OpEx | −$10.0k | −$6.29 |
| NOI | $23.3k | $14.69 |
1,590 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.6K
$291.9K – $389.2K
NOI $23,350 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$306.2K
$267.9K – $357.2K
NOI $21,434 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$530.7K
$464.4K – $619.2K
NOI $37,150 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained stabilized two-family with a two-car garage, developable land, ample off-street parking, and separate utilities.
Where is this duplex located?
The property is located at 3-7 Stidsen Way Worcester, MA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Well‑maintained stabilized 2‑family multi‑unit property with residential units; Two‑car garage plus ample off‑street parking; Separate utilities for efficient management
