Three-Unit Mixed-Use
New
For Sale
$449,994
32-34 Worcester, Charlton, MA 01507
Two apartments and a commercial space provide a combination of residential and business occupancy.
Property Size2,610 SF
Price / SF$172.41
Days on Market5
Property Features for 32-34 Worcester
General Information
Standard status
Active
Size
2,610 SF
Property subtype
3 Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$53,400
Tenant in Place
Yes
Building Details
Year Built
1880
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Candor Investment Group
(978) 710-5616
Source:
Lockandkeyre
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:56AM
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 eXp Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,610-square-foot mixed-use property in Charlton contains three units: two residential apartments, each with two bedrooms and one bathroom, plus a commercial space. All units are occupied, and the business suite is leased to a long-standing small business tenant.
Recent work includes new flooring and paint, roof improvements, plumbing and electrical upgrades, and deck repairs. Off-street parking is also provided. The building dates to 1880.
Recent work includes new flooring and paint, roof improvements, plumbing and electrical upgrades, and deck repairs. Off-street parking is also provided. The building dates to 1880.
Key Highlights
- Three occupied units: two apartments and one commercial space
- Each apartment has 2 bedrooms and 1 bathroom
- Commercial unit leased to a long‑term small business tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,704
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,080
$614.1K
Cap Rate 7%
$438,629
$438.6K
Cap Rate 9%
$341,156
$341.2K
Market Conditions
NOI Build-Up for 2,610 SF
Gross rent
$57.3K $21.96/SF
− Vacancy
−$1.5K −$0.57/SF
EGI
$55.8K $21.39/SF
− OpEx
−$25.1K −$9.63/SF
NOI
$30.7K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,080
Cap Rate 7%
$438,629
Cap Rate 9%
$341,156
Alternative Uses
Best Use
Apartment 5plus
$438.6K
$383.8K – $511.7K
NOI $30,704 @ 7.0% cap · market cap 6.82%
Second Best
Mixed Use
$336.3K
$294.2K – $392.3K
NOI $23,539 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$891.3K
$779.9K – $1.04M
NOI $62,389 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 01507, MA
13,315
Population
5,240
Households
2.5
Avg Household Size
44
Median Age
38%
College-Educated
94%
High-School Grad
42.2 sq mi
ZIP Area
316
Density / Sq Mi
$119,809
Median Household Income
$64,911
Median Earnings
$1,215
Median Rent
$405,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments and a commercial space provide a combination of residential and business occupancy.
Where is this mixed-use property located?
The property is located at 32-34 Worcester Charlton, MA.
What is the asking price?
The asking price for this property is $449,994.
What are key features of this property?
This property features: Three occupied units: two apartments and one commercial space; Each apartment has 2 bedrooms and 1 bathroom; Commercial unit leased to a long‑term small business tenant
