Updated Four-Unit Multifamily
34 Dorchester St, Worcester, MA 01610
For Sale
$650,000
Pending
Two residences are scheduled for vacancy, while a plumbed attic creates additional expansion potential subject to approvals.
Property Size3,330 SF
Days on Market52
Property Features for 34 Dorchester St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
landscaped grounds
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Ben Hicks · License MA #9531820
(617) 529-0751
Source:
Elliman
Added: Sep 20
Changed: Nov 3
Last Checked: Nov 10 at 8:53AM
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 Ben Hicks
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 four-unit multifamily property includes two two-bedroom, one-bath residences and two one-bedroom, one-bath residences. Each unit has a separate entrance, spacious living and kitchen areas, and deleaded interiors. Units 2 and 3 are expected to be delivered vacant. A sizable unfinished attic with existing plumbing may support expansion of Unit 4 from one bedroom to three bedrooms, subject to required approvals and permitting.
Capital improvements include a roof approximately 10 years old, updated plumbing and heating systems, replacement windows, exterior stairs, and siding. The property also provides off-street parking and landscaped grounds. Built in 1910, it is located near Polar Park, Kelley Square, the Canal District, Quinsigamond Village, Route 146, the Mass Pike, shopping, and dining. Walk Score is 85, Bike Score is 58, and Transit Score is 50.
Capital improvements include a roof approximately 10 years old, updated plumbing and heating systems, replacement windows, exterior stairs, and siding. The property also provides off-street parking and landscaped grounds. Built in 1910, it is located near Polar Park, Kelley Square, the Canal District, Quinsigamond Village, Route 146, the Mass Pike, shopping, and dining. Walk Score is 85, Bike Score is 58, and Transit Score is 50.
Key Highlights
- Four‑unit property with two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Units 2 and 3 scheduled for delivery vacant
- Unfinished attic has existing plumbing and may support Unit 4 expansion, subject to approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,902
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,040
$978.0K
Cap Rate 7%
$698,600
$698.6K
Cap Rate 9%
$543,356
$543.4K
Market Conditions
NOI Build-Up for 3,330 SF
Gross rent
$73.9K $22.20/SF
− Vacancy
−$4.1K −$1.22/SF
EGI
$69.9K $20.98/SF
− OpEx
−$21.0K −$6.29/SF
NOI
$48.9K $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%
$978,040
Cap Rate 7%
$698,600
Cap Rate 9%
$543,356
Alternative Uses
Best Use
Multifamily LT 5
$698.6K
$611.3K – $815.0K
NOI $48,902 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$641.3K
$561.1K – $748.2K
NOI $44,890 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.11M
$972.6K – $1.30M
NOI $77,804 @ 7.0% cap · market cap 11.97%
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
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,698
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
$279,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Worcester County, MA
Properties on Market for Quadplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two residences are scheduled for vacancy, while a plumbed attic creates additional expansion potential subject to approvals.
Where is this quadplex located?
The property is located at 34 Dorchester St Worcester, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit property with two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Units 2 and 3 scheduled for delivery vacant; Unfinished attic has existing plumbing and may support Unit 4 expansion, subject to approvals
