Turnkey Two-Unit Residential
For Sale
$649,900
Pending
69 Orient St, Worcester, MA 01604
Like-new duplex features two similar units with eat-in kitchens, hardwood floors, and tiled full baths.
Property Size1,492 SF
Days on Market102
Property Features for 69 Orient St
General Information
Standard status
Pending
Size
1,492 SF
Property subtype
Multi Family
Building Details
Year Built
1870
Listing Agency:
Keller Williams Pinnacle Central
(508) 754-3020
Listed By:
The Riel Estate Team
(774) 200-8697
Source:
Lockandkeyre
Added: Jul 13
Changed: Oct 21
Last Checked: Oct 20 at 11:02PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This like-new duplex has undergone a complete transformation and is ready for its next owner. Both apartments have similar layouts featuring gorgeous eat-in kitchens, living rooms with gleaming hardwood floors, two bedrooms, and a full tiled bath with modern finishes. The property also includes major improvements such as a new roof, new windows, all new utilities, and a full interior remodel.
There is plenty of off-street parking available. The basement is framed and permitted for future ADU completion, offering a potential value-add opportunity depending on final buildout plans.
As configured, the property provides two residential units with modern finishes and updated building systems, along with the option to expand via a permitted basement ADU completion.
There is plenty of off-street parking available. The basement is framed and permitted for future ADU completion, offering a potential value-add opportunity depending on final buildout plans.
As configured, the property provides two residential units with modern finishes and updated building systems, along with the option to expand via a permitted basement ADU completion.
Key Highlights
- Duplex built in 1870 featuring two similar 2‑bedroom units, each with an eat‑in kitchen and a living room with hardwood floors
- Each unit includes a full tiled bath with modern finishes
- Major updates include a new roof, new windows, all new utilities, and a full interior remodel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,910
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,200
$438.2K
Cap Rate 7%
$313,000
$313.0K
Cap Rate 9%
$243,444
$243.4K
Market Conditions
NOI Build-Up for 1,492 SF
Gross rent
$33.1K $22.20/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$31.3K $20.98/SF
− OpEx
−$9.4K −$6.29/SF
NOI
$21.9K $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%
$438,200
Cap Rate 7%
$313,000
Cap Rate 9%
$243,444
Alternative Uses
Best Use
Multifamily LT 5
$313.0K
$273.9K – $365.2K
NOI $21,910 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$287.3K
$251.4K – $335.2K
NOI $20,113 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$498.0K
$435.8K – $581.0K
NOI $34,860 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Like-new duplex features two similar units with eat-in kitchens, hardwood floors, and tiled full baths.
Where is this duplex located?
The property is located at 69 Orient St Worcester, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Duplex built in 1870 featuring two similar 2‑bedroom units, each with an eat‑in kitchen and a living room with hardwood floors; Each unit includes a full tiled bath with modern finishes; Major updates include a new roof, new windows, all new utilities, and a full interior remodel
