Two-Unit Duplex with
For Sale
$599,900
44 Alsada Drive, Worcester, MA 01603
Two residences share a two-floor layout with separate living, dining, and kitchen areas.
Property Size2,040 SF
Lot Size0.18 Acres
Price / SF$294.07
Days on Market76
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Property Features for 44 Alsada Drive
General Information
Standard status
Active
Size
2,040 SF
Lot size
0.18 Acres
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
deck
patio
partial basement
Building Details
Year Built
1970
Buildings
1
Stories
2
Listing Agency:
Serhant
Listed By:
The Avenue
(617) 250-0559
Source:
Parksquarerealty
Added: Aug 1
Changed: Oct 15
Last Checked: Oct 14 at 11:10PM
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 Serhant
Investment Insights
Based on property information with market context.
This 2,040-square-foot duplex contains two separate residences arranged across a two-floor layout. Each unit includes its own living area, dining space, kitchen, three bedrooms, and a full bathroom, creating clearly defined residential spaces within the property. A partial basement provides additional usable area.
Outdoor features include a deck and patio overlooking the approximately 8,000-square-foot lot. Built in 1970, the property is located in Worcester near public transportation, shopping, schools, and medical facilities.
Outdoor features include a deck and patio overlooking the approximately 8,000-square-foot lot. Built in 1970, the property is located in Worcester near public transportation, shopping, schools, and medical facilities.
Key Highlights
- 2,040‑square‑foot duplex with two separate residences
- Each unit includes three bedrooms and one full bathroom
- Separate living, dining, and kitchen areas in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,958
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,160
$599.2K
Cap Rate 7%
$427,971
$428.0K
Cap Rate 9%
$332,867
$332.9K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$45.3K $22.20/SF
− Vacancy
−$2.5K −$1.22/SF
EGI
$42.8K $20.98/SF
− OpEx
−$12.8K −$6.29/SF
NOI
$30.0K $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%
$599,160
Cap Rate 7%
$427,971
Cap Rate 9%
$332,867
Alternative Uses
Best Use
Multifamily LT 5
$428.0K
$374.5K – $499.3K
NOI $29,958 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$392.9K
$343.8K – $458.3K
NOI $27,500 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$680.9K
$595.8K – $794.4K
NOI $47,664 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences share a two-floor layout with separate living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 44 Alsada Drive 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: 2,040‑square‑foot duplex with two separate residences; Each unit includes three bedrooms and one full bathroom; Separate living, dining, and kitchen areas in each residence
