Two-Unit Duplex with
6 Delaware St, Worcester, MA 01603
For Sale
$644,999
Updated bathrooms and new heating and cooling equipment serve the two residential units.
Property Size2,438 SF
Price / SF$264.56
Days on Market58
Property Features for 6 Delaware St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
front and rear porches
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Jhenny Sanchez
(774) 444-2626
Source:
Exprealty
Added: Sep 17
Changed: Oct 28
Last Checked: Nov 12 at 10:58AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This Worcester duplex contains two residential units with comfortable living layouts. Recent improvements include new boilers, a new HVAC system providing heating and cooling, and updated bathrooms. Hardwood flooring is present in many areas, and the property has both front and rear porches for additional outdoor space.
Key Highlights
- Two‑unit residential property in Worcester
- New boilers and HVAC system for heating and cooling
- Updated bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,803
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,060
$716.1K
Cap Rate 7%
$511,471
$511.5K
Cap Rate 9%
$397,811
$397.8K
Market Conditions
NOI Build-Up for 2,438 SF
Gross rent
$54.1K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$51.1K $20.98/SF
− OpEx
−$15.3K −$6.29/SF
NOI
$35.8K $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 Rate 5%
$716,060
Cap Rate 7%
$511,471
Cap Rate 9%
$397,811
Alternative Uses
Best Use
Multifamily LT 5
$511.5K
$447.5K – $596.7K
NOI $35,803 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$469.5K
$410.8K – $547.8K
NOI $32,865 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$813.8K
$712.0K – $949.4K
NOI $56,963 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
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Business Placement
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Worcester, MA
Properties on Market for Duplexes in Worcester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated bathrooms and new heating and cooling equipment serve the two residential units.
Where is this duplex located?
The property is located at 6 Delaware St Worcester, MA.
What is the asking price?
The asking price for this property is $644,999.
What are key features of this property?
This property features: Two‑unit residential property in Worcester; New boilers and HVAC system for heating and cooling; Updated bathrooms
