Two-Unit Duplex with
For Sale
$399,900
Pending
59 Orient St, Worcester, MA 01604
Upper residence spans two levels and includes hardwood floors, office space, storage, and a finished sunroom.
Property Size2,688 SF
Days on Market93
Property Features for 59 Orient St
General Information
Standard status
Pending
Size
2,688 SF
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Building Size
2,688 SF
Year Built
1885
Buildings
1
Listing Agency:
Keller Williams Pinnacle Central
(508) 754-3020
Listed By:
The Riel Estate Team
(774) 200-8697
Source:
Iverty
Added: Jul 17
Changed: Oct 16
Last Checked: Oct 16 at 9:07AM
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 Keller Williams Pinnacle Central
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Investment Insights
Based on property information with market context.
Located at 59 Orient Street in Worcester, this 2,688-square-foot duplex offers two residential units within a building constructed in 1885. The upper residence extends across two floors, with hardwood flooring on the main level, a finished sunroom, storage room, three bedrooms, and a separate office area.
The lower unit includes two bedrooms and connects directly to the backyard. The property has a fairly recent roof, and its utility systems are fully functional, providing a defined two-unit configuration with distinct interior and outdoor access.
The lower unit includes two bedrooms and connects directly to the backyard. The property has a fairly recent roof, and its utility systems are fully functional, providing a defined two-unit configuration with distinct interior and outdoor access.
Key Highlights
- 2,688‑square‑foot duplex constructed in 1885
- Upper unit spans two floors with hardwood floors on the main level
- Upper residence includes 3 bedrooms, office space, finished sunroom, and storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,236
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,720
$724.7K
Cap Rate 7%
$517,657
$517.7K
Cap Rate 9%
$402,622
$402.6K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$69.4K $25.80/SF
− Vacancy
−$3.5K −$1.29/SF
EGI
$65.9K $24.51/SF
− OpEx
−$29.6K −$11.03/SF
NOI
$36.2K $13.48/SF
Area
Worcester, MA
Vacancy
5.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,720
Cap Rate 7%
$517,657
Cap Rate 9%
$402,622
Alternative Uses
Best Use
Multifamily LT 5
$563.9K
$493.4K – $657.9K
NOI $39,474 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$517.7K
$453.0K – $603.9K
NOI $36,236 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$897.2K
$785.1K – $1.05M
NOI $62,804 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
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 - Upper residence spans two levels and includes hardwood floors, office space, storage, and a finished sunroom.
Where is this duplex located?
The property is located at 59 Orient St Worcester, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,688‑square‑foot duplex constructed in 1885; Upper unit spans two floors with hardwood floors on the main level; Upper residence includes 3 bedrooms, office space, finished sunroom, and storage room
