Two-Family Residential Income
69 East Central Street Worcester, MA 01605
69 East Central Street, Worcester, MA, 01605
$499,000
For Sale
$499,000
Well-maintained two-family with recent updates, a fenced yard with retaining wall, and flexible 3-room layout on the first floor.
Property Size1,928 SF
Price / SF$258.82
Days on Market101
Property Features for 69 East Central Street
General Information
- Standard status
- Active
- Size
- 1,928 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1890
Listing agency
Unique Realty , LLC
(866) 866-0724
Listed by
Syed Khan · License #9570425
(866) 866-0724
Source
Compass
Added: Apr 12 Updated: Jul 20 at 7:20PM Checked: Jul 21 at 6:08AM
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 Unique Realty , LLC
Investment Insights
Based on property information with market context.
A well-maintained two-family residence offered vacant and turnkey. The property includes updates such as a new furnace with A/C on the second floor and Mass Save insulation for energy efficiency. Exterior improvements include a new fence and retaining wall, and the home offers a spacious side/back yard. The first-floor unit features an additional 3rd room that can support a home office, guest use, or potential bedroom depending on how the space is configured.
The home is located just off Shrewsbury St and is described as steps from Aria on the Row. It is also within walking distance to restaurants, cafes, and nightlife, with the train station noted as about 0.3 miles away (approximately a 5-minute walk). Vitoria Meat Market is described as a short 2-minute walk, and the remarks state quick access to major highways, UMass Memorial, and downtown Worcester.
As presented, this is a two-family setup designed to move in as-is or be placed with tenants right away.
The home is located just off Shrewsbury St and is described as steps from Aria on the Row. It is also within walking distance to restaurants, cafes, and nightlife, with the train station noted as about 0.3 miles away (approximately a 5-minute walk). Vitoria Meat Market is described as a short 2-minute walk, and the remarks state quick access to major highways, UMass Memorial, and downtown Worcester.
As presented, this is a two-family setup designed to move in as-is or be placed with tenants right away.
Key Highlights
- Well‑maintained 2‑family with 2 full baths and a full basement
- Recent updates include new furnace with A/C on the 2nd floor and Mass Save insulation
- Frame construction with a shingle roof
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 | $42.8k | $22.20 |
| − Vacancy | −$2.4k | −$1.22 |
| EGI | $40.4k | $20.98 |
| − OpEx | −$12.1k | −$6.29 |
| NOI | $28.3k | $14.69 |
1,928 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$371.3K
$324.9K – $433.2K
NOI $25,990 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$643.5K
$563.1K – $750.8K
NOI $45,047 @ 7.0% cap · market cap 9.03%
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 - Well-maintained two-family with recent updates, a fenced yard with retaining wall, and flexible 3-room layout on the first floor.
Where is this duplex located?
The property is located at 69 East Central Street Worcester, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Well‑maintained 2‑family with 2 full baths and a full basement; Recent updates include new furnace with A/C on the 2nd floor and Mass Save insulation; Frame construction with a shingle roof
