Two-Family Residential with Updated
542-a Chandler Street Worcester, MA 01602
542-a Chandler Street, Worcester, MA, 01602
$449,900
For Sale
$449,900
Two identical units with open-concept living spaces, newly updated lower-unit finishes, and a large half-acre lot.
Property Size1,630 SF
Lot Size0.50 Acres
Price / SF$276.01
Days on Market99
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
Listed by
Mia Fisher
(617) 236-0711
Source
Campionre
Added: Apr 14 Updated: Jul 21 at 2:16AM Checked: Jul 21 at 2:16AM
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-family property features two units with identical layouts, each designed around an open-concept living, dining, and kitchen area. The lower unit includes two bedrooms and highlights newly polyurethaned hardwood floors, along with a bathroom that has been newly updated with a brand-new vanity, medicine cabinet, and toilet. Both units also offer good-sized bedrooms and lots of natural light.
The property is located right next to Worcester State University. In addition, the large half-acre lot presents the possibility for future development, offering additional flexibility for buyers looking beyond the current duplex configuration.
The offering includes a clearly defined two-unit setup with matching floorplans, plus interior upgrades in the lower unit and outdoor land size that may support future plans.
The property is located right next to Worcester State University. In addition, the large half-acre lot presents the possibility for future development, offering additional flexibility for buyers looking beyond the current duplex configuration.
The offering includes a clearly defined two-unit setup with matching floorplans, plus interior upgrades in the lower unit and outdoor land size that may support future plans.
Key Highlights
- Built in 1945, this 2‑family home features two identical units with the same layout.
- Lower unit offers 2 bedrooms with an open‑concept living, dining, and kitchen area.
- Newly polyurethaned hardwood floors and lots of natural light in the lower unit.
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 | $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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two identical units with open-concept living spaces, newly updated lower-unit finishes, and a large half-acre lot.
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: Built in 1945, this 2‑family home features two identical units with the same layout.; Lower unit offers 2 bedrooms with an open‑concept living, dining, and kitchen area.; Newly polyurethaned hardwood floors and lots of natural light in the lower unit.
