Mixed-Use Investment
For Sale
$449,995
32 Worcester, Charlton, MA 01507
Fully occupied three-unit mixed-use property with two refreshed residential units and one long-term commercial tenant.
Days on Market9
Property Features for 32 Worcester
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Amenities
off-street parking
Building Details
Building Size
2,610 SF
Year Built
1880
Listing Agency:
eXp Realty LLC
(978) 710-5616
Listed By:
Candor Investment Group
(978) 710-5616
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Aug 1 at 12:50PM
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
Investment Insights
Based on property information with market context.
32 Worcester Road is a fully occupied three-unit mixed-use property in Charlton. The building includes two two-bedroom, one-bath residential units and one commercial unit leased to a long-term small business tenant. Both residential units have been refreshed with new flooring and fresh paint.
The property has also seen recent updates, including roof updates, upgraded plumbing and electrical systems, and deck repairs. Off-street parking is available, and one residential unit’s lease ends in late July, creating an owner-occupant option for the next buyer.
The current configuration provides stabilized rental income while the property’s capital improvements help reduce the need for deferred repairs.
The property has also seen recent updates, including roof updates, upgraded plumbing and electrical systems, and deck repairs. Off-street parking is available, and one residential unit’s lease ends in late July, creating an owner-occupant option for the next buyer.
The current configuration provides stabilized rental income while the property’s capital improvements help reduce the need for deferred repairs.
Key Highlights
- Fully occupied 3‑unit mixed‑use property with 2 residential units and 1 commercial unit leased to a long‑term business tenant
- Generates $4,450/month rental income with two 2‑bed, 1‑bath residential units and one commercial unit
- Recent updates include roof updates, upgraded plumbing and electrical systems, and deck repairs
Financial Insights For Retail
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 | $56.4k | $21.60 |
| − Vacancy | −$1.2k | −$0.48 |
| EGI | $55.1k | $21.12 |
| − OpEx | −$16.5k | −$6.34 |
| NOI | $38.6k | $14.79 |
2,610 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$551.4K
$482.4K – $643.3K
NOI $38,595 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$438.6K
$383.8K – $511.7K
NOI $30,704 @ 7.0% cap · market cap 6.82%
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.
Property Analytics
Current Use
Lease Details
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied three-unit mixed-use property with two refreshed residential units and one long-term commercial tenant.
Where is this multifamily property located?
The property is located at 32 Worcester Charlton, MA.
What is the asking price?
The asking price for this property is $449,995.
What are key features of this property?
This property features: Fully occupied 3‑unit mixed‑use property with 2 residential units and 1 commercial unit leased to a long‑term business tenant; Generates $4,450/month rental income with two 2‑bed, 1‑bath residential units and one commercial unit; Recent updates include roof updates, upgraded plumbing and electrical systems, and deck repairs
