2-Unit Duplex with Off-Street
629 Cambridge Street, Worcester, MA 01610
For Sale
$540,000
Separate utility meters and a dedicated landlord meter support straightforward utility management.
Property Size2,410 SF
Price / SF$224.07
Days on Market25
Property Features for 629 Cambridge Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Centre Realty Group
(617) 332-0077
Listed By:
Maria Carey
(857) 413-9959
Source:
Opendoor-re
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 1:52PM
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 Centre Realty Group
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Investment Insights
Based on property information with market context.
The 2,410-square-foot duplex, built in 1900, has a 3-bedroom, 2-bathroom first-floor apartment that has been renovated, along with an adjoining area suited to storage or potential commercial use. The first-floor unit has a lead certificate. Upstairs, a 4-bedroom apartment includes an updated bathroom, a modern kitchen, and electric heat.
Utilities are separately metered, and a landlord meter is also installed. Off-street parking is available. The property is zoned RG-5.
Utilities are separately metered, and a landlord meter is also installed. Off-street parking is available. The property is zoned RG-5.
Key Highlights
- 2,410‑square‑foot duplex built in 1900
- Renovated first‑floor unit with 3 bedrooms and 2 bathrooms; lead certificate in place
- Second‑floor apartment has 4 bedrooms, an updated bathroom, modern kitchen, and electric heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,392
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,840
$707.8K
Cap Rate 7%
$505,600
$505.6K
Cap Rate 9%
$393,244
$393.2K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$53.5K $22.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$50.6K $20.98/SF
− OpEx
−$15.2K −$6.29/SF
NOI
$35.4K $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%
$707,840
Cap Rate 7%
$505,600
Cap Rate 9%
$393,244
Alternative Uses
Best Use
Multifamily LT 5
$505.6K
$442.4K – $589.9K
NOI $35,392 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$464.1K
$406.1K – $541.5K
NOI $32,488 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$804.4K
$703.9K – $938.5K
NOI $56,308 @ 7.0% cap · market cap 10.43%
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
889
Businesses Nearby
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Business Placement
Demographics for 01610, MA
28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
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Market
Average Price Trend$/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 - Separate utility meters and a dedicated landlord meter support straightforward utility management.
Where is this duplex located?
The property is located at 629 Cambridge Street Worcester, MA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 2,410‑square‑foot duplex built in 1900; Renovated first‑floor unit with 3 bedrooms and 2 bathrooms; lead certificate in place; Second‑floor apartment has 4 bedrooms, an updated bathroom, modern kitchen, and electric heat
