Duplex with Two
New
For Sale
$460,000
33 Coburn Avenue, Worcester, MA 01604
Both apartments have two bedrooms, and the upper unit will be vacant at closing.
Property Size1,252 SF
Price / SF$367.41
Days on Market3
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 33 Coburn Avenue
General Information
Standard status
Active
Size
1,252 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
basement laundry
Building Details
Year Built
1898
Buildings
1
Listing Agency:
Broad Sound Real Estate,LLC
Listed By:
Juan Cano
(781) 878-2478
Source:
Trufantre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 10:55PM
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 Broad Sound Real Estate,LLC
Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1898, contains two two-bedroom apartments. The first-floor residence is occupied by a tenant-at-will, while the second-floor unit is scheduled to be vacant at closing. Basement laundry and separate driveways for each unit add practical features to the property.
The property is near UMass Chan Medical School, White City Shopping Center, and Lake Quinsigamond, with shopping, dining, and major commuter routes also nearby.
The property is near UMass Chan Medical School, White City Shopping Center, and Lake Quinsigamond, with shopping, dining, and major commuter routes also nearby.
Key Highlights
- Two apartments, each with two bedrooms
- First‑floor unit occupied by a tenant‑at‑will
- Second‑floor apartment will be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,386
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,720
$367.7K
Cap Rate 7%
$262,657
$262.7K
Cap Rate 9%
$204,289
$204.3K
Market Conditions
NOI Build-Up for 1,252 SF
Gross rent
$27.8K $22.20/SF
− Vacancy
−$1.5K −$1.22/SF
EGI
$26.3K $20.98/SF
− OpEx
−$7.9K −$6.29/SF
NOI
$18.4K $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%
$367,720
Cap Rate 7%
$262,657
Cap Rate 9%
$204,289
Alternative Uses
Best Use
Multifamily LT 5
$262.7K
$229.8K – $306.4K
NOI $18,386 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$241.1K
$211.0K – $281.3K
NOI $16,878 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$417.9K
$365.7K – $487.5K
NOI $29,252 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Check the figures for this property
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 - Both apartments have two bedrooms, and the upper unit will be vacant at closing.
Where is this duplex located?
The property is located at 33 Coburn Avenue Worcester, MA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms; First‑floor unit occupied by a tenant‑at‑will; Second‑floor apartment will be vacant at closing
