Vacant Two-Unit
3 Clifton Ter, Worcester, MA 01610
For Sale
$350,000
Both residences are vacant, allowing the next owner to determine their use.
Property Size1,486 SF
Days on Market52
Property Features for 3 Clifton Ter
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
The LGCY Group LLC
Listed By:
Jaquaine Coe · License MA #423727
(508) 989-6943
Source:
Elliman
Added: Sep 24
Changed: Nov 1
Last Checked: Nov 12 at 7:33AM
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 LGCY Group LLC
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Investment Insights
Based on property information with market context.
This Worcester duplex contains two vacant residences and was built in 1890. The unoccupied units leave their next use to the incoming owner.
At 3 Clifton Ter, the property has a Walk Score of 92, a Bike Score of 55, and a Transit Score of 40.
At 3 Clifton Ter, the property has a Walk Score of 92, a Bike Score of 55, and a Transit Score of 40.
Key Highlights
- Two residential units are vacant
- Built in 1890
- Walk Score: 92
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,822
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,440
$436.4K
Cap Rate 7%
$311,743
$311.7K
Cap Rate 9%
$242,467
$242.5K
Market Conditions
NOI Build-Up for 1,486 SF
Gross rent
$33.0K $22.20/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$31.2K $20.98/SF
− OpEx
−$9.4K −$6.29/SF
NOI
$21.8K $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%
$436,440
Cap Rate 7%
$311,743
Cap Rate 9%
$242,467
Alternative Uses
Best Use
Multifamily LT 5
$311.7K
$272.8K – $363.7K
NOI $21,822 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$286.2K
$250.4K – $333.9K
NOI $20,032 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$496.0K
$434.0K – $578.7K
NOI $34,720 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Worcester, MA
Properties on Market for Duplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, allowing the next owner to determine their use.
Where is this duplex located?
The property is located at 3 Clifton Ter Worcester, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two residential units are vacant; Built in 1890; Walk Score: 92
