Duplex with Off-Street
New
For Sale
$375,000
43 Mechanic St, Warren, MA 01083
Residential Income, Warren, MA
Property Size2,463 SF
Lot Size0.67 Acres
Price / SF$152.25
Days on Market7
Property Features for 43 Mechanic St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
VIL
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6
Parking
2
Elementary school
As Per Warren Bd Of Ed
Directions
off of Mechanic street
Standard status
Active
APN
M:0023 B:0000 L:0107,1727849
Size
2,463 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4325
Amenities
off-street parking
Building Details
Year built
1850
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Realty
Listed By:
Laura Stevens
(413) 565-5478
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 5 at 10:06PM
MLS# 73583841
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 2,463 square feet of living area on a 0.67-acre lot. The building dates to 1850 and includes six bedrooms and three bathrooms. Off-street parking serves the property, and the roof and windows were replaced approximately six years ago.
The property is in Warren, with shopping, dining, schools, hiking, and major roadways accessible in the surrounding area. Zoning is VIL.
The property is in Warren, with shopping, dining, schools, hiking, and major roadways accessible in the surrounding area. Zoning is VIL.
Key Highlights
- 2,463‑square‑foot duplex on a 0.67‑acre lot
- Six bedrooms and three bathrooms
- Roof and windows replaced approximately six years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,294
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,880
$665.9K
Cap Rate 7%
$475,629
$475.6K
Cap Rate 9%
$369,933
$369.9K
Market Conditions
NOI Build-Up for 2,463 SF
Gross rent
$48.8K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$47.6K $19.31/SF
− OpEx
−$14.3K −$5.79/SF
NOI
$33.3K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,880
Cap Rate 7%
$475,629
Cap Rate 9%
$369,933
Alternative Uses
Best Use
Multifamily LT 5
$475.6K
$416.2K – $554.9K
NOI $33,294 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,975 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$841.1K
$736.0K – $981.3K
NOI $58,876 @ 7.0% cap · market cap 15.70%
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
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 01083, MA
2,549
Population
1,171
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
92%
High-School Grad
12.8 sq mi
ZIP Area
199
Density / Sq Mi
$92,558
Median Household Income
$46,289
Median Earnings
$375,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 offer functional layouts, with shopping, schools, dining, and outdoor recreation in the surrounding area.
Where is this duplex located?
The property is located at 43 Mechanic St Warren, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,463‑square‑foot duplex on a 0.67‑acre lot; Six bedrooms and three bathrooms; Roof and windows replaced approximately six years ago
