Updated Duplex with Modern
For Sale
$599,900
Pending
35 Mckinley, Worcester, MA 01605
Two residential units combine original character with granite kitchens, stainless appliances, and updated bathrooms.
Property Size1,890 SF
Days on Market37
Property Features for 35 Mckinley
General Information
Standard status
Pending
Size
1,890 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1909
Listing Agency:
RE/MAX Synergy
Listed By:
Vanessa Dos Santos · License #CN214801
(978) 537-8301
Source:
Foster-healey
Added: Aug 31
Changed: Oct 4
Last Checked: Oct 5 at 9:31PM
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 RE/MAX Synergy
Investment Insights
Based on property information with market context.
This two-unit residential property at 35 McKinley in Worcester retains the character of its 1909 construction while incorporating substantial updates. The 1,890-square-foot building features high ceilings, hardwood flooring, strong natural light, and refreshed interiors. Each unit includes a kitchen with ample cabinetry, granite countertops, and stainless steel appliances, along with a contemporary bathroom finish.
Building improvements include high-efficiency Navien tankless systems, central air conditioning serving both units, and a newly installed sewer line connection. The property is near schools, Lincoln Plaza, Greendale, WPI, UMass Memorial Medical Center, and Green Hill Park, with access to I-290 for travel throughout Worcester and the surrounding area.
Building improvements include high-efficiency Navien tankless systems, central air conditioning serving both units, and a newly installed sewer line connection. The property is near schools, Lincoln Plaza, Greendale, WPI, UMass Memorial Medical Center, and Green Hill Park, with access to I-290 for travel throughout Worcester and the surrounding area.
Key Highlights
- Two‑unit duplex built in 1909
- 1,890‑square‑foot property at 35 McKinley, Worcester, MA 01605
- Both units feature updated kitchens with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,755
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,100
$555.1K
Cap Rate 7%
$396,500
$396.5K
Cap Rate 9%
$308,389
$308.4K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$42.0K $22.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$39.7K $20.98/SF
− OpEx
−$11.9K −$6.29/SF
NOI
$27.8K $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%
$555,100
Cap Rate 7%
$396,500
Cap Rate 9%
$308,389
Alternative Uses
Best Use
Multifamily LT 5
$396.5K
$346.9K – $462.6K
NOI $27,755 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$364.0K
$318.5K – $424.6K
NOI $25,478 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$630.8K
$552.0K – $736.0K
NOI $44,159 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
Explore this area
Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine original character with granite kitchens, stainless appliances, and updated bathrooms.
Where is this duplex located?
The property is located at 35 Mckinley Worcester, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1909; 1,890‑square‑foot property at 35 McKinley, Worcester, MA 01605; Both units feature updated kitchens with granite countertops and stainless steel appliances
