Four-Unit Residential
78 Rodney, Worcester, MA 01605
For Sale
New
$799,000
Pending
The property includes separate utilities, laundry hookups, and a deeded parcel currently used for parking.
Property Size4,186 SF
Days on Market7
Property Features for 78 Rodney
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
tilt-in windows
washer/dryer hookups
Pantry
Living Room
Kitchen
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Dino's Realty Team
Listed By:
Malvina Dino Newell
(978) 342-7891
Source:
Castleknockrealtygroup
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 9 at 7:17AM
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 Dino's Realty Team
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Investment Insights
Based on property information with market context.
This four-unit residential property at 78 Rodney includes two-bedroom apartments and is conveyed with a second parcel at 80 Rodney. The 4,186-square-foot building was constructed in 1920. Interior features include some hardwood flooring, tilt-in windows, and washer/dryer hookups. Apartments are described as being in good condition, with fresh paint and new carpeting on the third floor.
The deeded 5,080-square-foot lot at 80 Rodney is currently used for parking five cars for 78 Rodney. Separate utilities serve the apartments. The property is in the Belmont Hill area, near Route 9, Route 290, and UMass Hospital.
Updates at 78 Rodney include water heaters, separate electric service with a house meter, and incoming-water plumbing with PEX. Lead certificates are in place for all floors. The property is zoned RG5 and is being sold in as-is condition.
The deeded 5,080-square-foot lot at 80 Rodney is currently used for parking five cars for 78 Rodney. Separate utilities serve the apartments. The property is in the Belmont Hill area, near Route 9, Route 290, and UMass Hospital.
Updates at 78 Rodney include water heaters, separate electric service with a house meter, and incoming-water plumbing with PEX. Lead certificates are in place for all floors. The property is zoned RG5 and is being sold in as-is condition.
Key Highlights
- Four two‑bedroom apartments at 78 Rodney and 80 Rodney
- Includes deeded 5,080‑square‑foot parcel used for parking five cars
- 4,186‑square‑foot building constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,473
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,460
$1.2M
Cap Rate 7%
$878,186
$878.2K
Cap Rate 9%
$683,033
$683.0K
Market Conditions
NOI Build-Up for 4,186 SF
Gross rent
$92.9K $22.20/SF
− Vacancy
−$5.1K −$1.22/SF
EGI
$87.8K $20.98/SF
− OpEx
−$26.3K −$6.29/SF
NOI
$61.5K $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%
$1,229,460
Cap Rate 7%
$878,186
Cap Rate 9%
$683,033
Alternative Uses
Best Use
Multifamily LT 5
$878.2K
$768.4K – $1.02M
NOI $61,473 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$806.1K
$705.4K – $940.5K
NOI $56,429 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,804 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,595
Businesses Nearby
Explore this area
Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Worcester County, MA
Properties on Market for Quadplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The property includes separate utilities, laundry hookups, and a deeded parcel currently used for parking.
Where is this quadplex located?
The property is located at 78 Rodney Worcester, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four two‑bedroom apartments at 78 Rodney and 80 Rodney; Includes deeded 5,080‑square‑foot parcel used for parking five cars; 4,186‑square‑foot building constructed in 1920
