Two-Unit Residential Income
For Sale
$549,999
5 Anna St, Worcester, MA 01606
Duplex with two 2-bedroom, 1-bath units near major routes and UMass Medical School.
Property Size2,464 SF
Price / SF$223.21
Days on Market103
Property Features for 5 Anna St
General Information
Standard status
Active
Size
2,464 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
RL-7
Net Operating Income
$9,600
Taxes and HOA fees
Annual Taxes
$6,032
Building Details
Building Size
2,464 SF
Year Built
1898
Stories
2
Listing Agency:
Prestige Realty Experts Inc.
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 28
Changed: Sep 6
Last Checked: Sep 6 at 5:37AM
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 Prestige Realty Experts Inc.
Investment Insights
Based on property information with market context.
This two-unit residential income property features two separate units, each offering two bedrooms and one full bath. The layout is well-suited for consistent occupancy, with both units providing comfortable living space.
The property is conveniently located near the UMass Medical School area and within reach of major routes, including I-290, I-90, Route 9, and Route 20, supporting straightforward commuter access. It is also positioned close to shopping, dining, and everyday conveniences.
Showings begin at the first open house. All information is from public records and the seller, and should be confirmed by buyers and buyers’ agents.
The property is conveniently located near the UMass Medical School area and within reach of major routes, including I-290, I-90, Route 9, and Route 20, supporting straightforward commuter access. It is also positioned close to shopping, dining, and everyday conveniences.
Showings begin at the first open house. All information is from public records and the seller, and should be confirmed by buyers and buyers’ agents.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- Year built: 1898
- Located near UMass Medical School
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,185
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,700
$723.7K
Cap Rate 7%
$516,929
$516.9K
Cap Rate 9%
$402,056
$402.1K
Market Conditions
NOI Build-Up for 2,464 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.7K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$51.7K $20.98/SF
− OpEx
−$15.5K −$6.29/SF
NOI
$36.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,700
Cap Rate 7%
$516,929
Cap Rate 9%
$402,056
Alternative Uses
Best Use
Multifamily LT 5
$516.9K
$452.3K – $603.1K
NOI $36,185 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$474.5K
$415.2K – $553.6K
NOI $33,216 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$822.4K
$719.6K – $959.5K
NOI $57,570 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 01606, MA
21,651
Population
9,427
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
3,609
Density / Sq Mi
$92,537
Median Household Income
$55,931
Median Earnings
$1,615
Median Rent
$343,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units near major routes and UMass Medical School.
Where is this duplex located?
The property is located at 5 Anna St Worcester, MA.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; Year built: 1898; Located near UMass Medical School
