Two-Unit Residential Income
542-A Chandler Street Worcester, MA 01602
For Sale
$449,900
Two identical units with updated interiors on a large half-acre lot near Worcester State University.
Property Size1,630 SF
Lot Size0.50 Acres
Price / SF$276.01
Days on Market105
Property Features for 542-A Chandler Street
General Information
- Standard status
- Active
- Size
- 1,630 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1945
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
(508) 333-8144
Listed By:
Mia Fisher
Source:
Arborviewrealtyinc
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 22 at 12:13PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
Investment Insights
Based on property information with market context.
This two-unit residential income property features two identical layouts, with each unit offering two bedrooms and an open concept living, dining, and kitchen area. The lower unit includes newly polyurethaned hardwood floors, and the bathroom has been newly updated with a brand-new vanity, medicine cabinet, and toilet. The property is described as receiving lots of natural light throughout.
The home is located in a desirable area right next to Worcester State University. A large half-acre lot provides room for outdoor use and is described as having possibility for future development.
The listing offers details on the unit configurations and key interior updates, while the offer deadline is noted as Tuesday, April 21 at 5:00 pm, with offers to be made good until Wednesday, April 22 at 5:00 pm.
The home is located in a desirable area right next to Worcester State University. A large half-acre lot provides room for outdoor use and is described as having possibility for future development.
The listing offers details on the unit configurations and key interior updates, while the offer deadline is noted as Tuesday, April 21 at 5:00 pm, with offers to be made good until Wednesday, April 22 at 5:00 pm.
Key Highlights
- Two‑family home built in 1945 with both units sharing an identical layout
- Lower unit offers 2 bedrooms
- Newly polyurethaned hardwood floors and wood flooring
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 | $36.2k | $22.20 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $34.2k | $20.98 |
| − OpEx | −$10.3k | −$6.29 |
| NOI | $23.9k | $14.69 |
1,630 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$342.0K
$299.2K – $399.0K
NOI $23,937 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$313.9K
$274.7K – $366.2K
NOI $21,973 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$544.1K
$476.1K – $634.7K
NOI $38,084 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two identical units with updated interiors on a large half-acre lot near Worcester State University.
Where is this duplex located?
The property is located at 542-A Chandler Street Worcester, MA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑family home built in 1945 with both units sharing an identical layout; Lower unit offers 2 bedrooms; Newly polyurethaned hardwood floors and wood flooring
