Three-Story Duplex with
New
For Sale
$750,000
3 Beamon Ave, Worcester, MA 01606
Two separate units include private laundry, with one currently vacant and the other occupied.
Property Size2,396 SF
Lot Size0.18 Acres
Price / SF$313.02
Days on Market5
Property Features for 3 Beamon Ave
General Information
Standard status
Active
Size
2,396 SF
Lot size
0.18 Acres
Property subtype
2 Family - Rooming House
Site & Location
Neighborhood
Stratton Hill Crime Watch
Highway Access
Yes
Additional Details
Multifamily Units
2
Amenities
porch
in-unit laundry
Building Details
Year Built
1903
Stories
3
Listing Agency:
Weichert REALTORS, Hope & Associates
(508) 795-3885
Listed By:
Olusola Samuel Esan
(347) 444-1515
Source:
Lockandkeyre
Added: Nov 1
Changed: Nov 5
Last Checked: Nov 4 at 3:22PM
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 Weichert REALTORS, Hope & Associates
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Investment Insights
Based on property information with market context.
This three-story duplex in Worcester contains 2,396 square feet, with five bedrooms and three full bathrooms. Both units have their own laundry and spacious living areas. The second-floor apartment includes an additional bedroom on the upper floor. A porch provides outdoor space, and the property has an 8,000-square-foot lot. Built in 1903, the home has MG-0 zoning.
Recent work includes a replacement water heater, a new heating system on the first floor, interior painting, and updates to the second-floor kitchen and bathroom. The second-floor unit is occupied; the first-floor unit is vacant.
Recent work includes a replacement water heater, a new heating system on the first floor, interior painting, and updates to the second-floor kitchen and bathroom. The second-floor unit is occupied; the first-floor unit is vacant.
Key Highlights
- Two‑family property with 2,396 square feet of living space
- 8,000‑square‑foot lot and a welcoming porch
- Five bedrooms and three full bathrooms across three stories
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,186
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,720
$703.7K
Cap Rate 7%
$502,657
$502.7K
Cap Rate 9%
$390,956
$391.0K
Market Conditions
NOI Build-Up for 2,396 SF
Gross rent
$53.2K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$50.3K $20.98/SF
− OpEx
−$15.1K −$6.29/SF
NOI
$35.2K $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%
$703,720
Cap Rate 7%
$502,657
Cap Rate 9%
$390,956
Alternative Uses
Best Use
Multifamily LT 5
$502.7K
$439.8K – $586.4K
NOI $35,186 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$461.4K
$403.7K – $538.3K
NOI $32,299 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$799.7K
$699.8K – $933.0K
NOI $55,981 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
504
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units include private laundry, with one currently vacant and the other occupied.
Where is this duplex located?
The property is located at 3 Beamon Ave Worcester, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family property with 2,396 square feet of living space; 8,000‑square‑foot lot and a welcoming porch; Five bedrooms and three full bathrooms across three stories
