Well-Maintained Duplex with Two
5 Loring Street Worcester, MA 01606
5 Loring Street, Worcester, MA, 01606
$549,900
For Sale
$549,900
Two-unit duplex features separate off-street parking for each unit and modern finishes including granite countertops.
Property Size2,160 SF
Price / SF$254.58
Days on Market52
Property Features for 5 Loring Street
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1986
Listing agency
LeRoux Realty Group
Listed by
Dennis Leroux
(617) 875-4950
Source
Sarkisboston
Added: Jun 2 Updated: Jul 22 at 8:02AM Checked: Jul 22 at 8:02AM
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 LeRoux Realty Group
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate residences, each with its own off-street parking. Unit 1 includes three bedrooms, one full bath, and one half bath, along with a fully applianced kitchen, granite countertops, hardwood floors, a pellet stove, and central AC/mini split system. Unit 2 features two bedrooms and one full bath, with a fully applianced kitchen, granite countertops, hardwood floors, and central AC/mini split system.
The property is located in the Indian Lake area of Worcester and is described as being close to highway access, hospitals, universities, and shopping.
As currently configured, the duplex provides a straightforward two-family layout with consistent finishes across both units and dedicated parking to support day-to-day convenience.
The property is located in the Indian Lake area of Worcester and is described as being close to highway access, hospitals, universities, and shopping.
As currently configured, the duplex provides a straightforward two-family layout with consistent finishes across both units and dedicated parking to support day-to-day convenience.
Key Highlights
- Two‑unit duplex built in 1986 in the Indian Lake area of Worcester
- Unit 1 features 3 bedrooms, 1 full bath and 1 half bath, plus a fully applianced kitchen
- Unit 2 features 2 bedrooms and 1 full bath, plus a fully applianced kitchen
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $22.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $45.3k | $20.98 |
| − OpEx | −$13.6k | −$6.29 |
| NOI | $31.7k | $14.69 |
2,160 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$453.1K
$396.5K – $528.7K
NOI $31,720 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$416.0K
$364.0K – $485.3K
NOI $29,118 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$721.0K
$630.8K – $841.1K
NOI $50,467 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex features separate off-street parking for each unit and modern finishes including granite countertops.
Where is this duplex located?
The property is located at 5 Loring Street Worcester, MA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1986 in the Indian Lake area of Worcester; Unit 1 features 3 bedrooms, 1 full bath and 1 half bath, plus a fully applianced kitchen; Unit 2 features 2 bedrooms and 1 full bath, plus a fully applianced kitchen
