Four-Unit Quadplex with
For Sale
$799,900
8 Fern, Worcester, MA 01610
Worcester quadplex near Clark University with separate utilities, three occupied units, and one available for occupancy.
Property Size4,855 SF
Price / SF$164.76
Days on Market189
Property Features for 8 Fern
General Information
Standard status
Active
Size
4,855 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
RL-7
Additional Details
Multifamily Units
4
Amenities
Natural Gas
Wood, Vinyl, Vinyl / VCT
Range, Refrigerator
No
Shingle
Public Transportation, Shopping, Laundromat, Public School, University
for Gas Range, for Gas Oven
3
Building Details
Building Size
4,855 SF
Year Built
1890
Stories
4
Listing Agency:
Limitless Real Estate Group, LLC
Listed By:
Michael Duran · License #9560491
(857) 389-6086
Source:
Reishomesearch
Added: Mar 31
Changed: Sep 8
Last Checked: Aug 30 at 1:31AM
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 Limitless Real Estate Group, LLC
Investment Insights
Based on property information with market context.
Built in 1890, this 4,855-square-foot quadplex contains four units and 11 bedrooms. Three units are occupied, while the fourth is vacant and available for an owner-occupant or repositioning plan. Separate utilities serve the units, and the property includes ranges and refrigerators, insulated windows, porches, and partial walk-out basement access.
The property is located near Clark University, employment centers, and public transportation in Worcester. Off-street parking is available, with additional on-street parking nearby. The property is zoned RL-7 and includes a frame-and-brick exterior with shingle siding.
The property is located near Clark University, employment centers, and public transportation in Worcester. Off-street parking is available, with additional on-street parking nearby. The property is zoned RL-7 and includes a frame-and-brick exterior with shingle siding.
Key Highlights
- Four‑unit quadplex with 11 bedrooms across 4 units
- 4,855 SF building constructed in 1890
- Three occupied units plus one vacant unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,297
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,940
$1.4M
Cap Rate 7%
$1,018,529
$1.0M
Cap Rate 9%
$792,189
$792.2K
Market Conditions
NOI Build-Up for 4,855 SF
Gross rent
$107.8K $22.20/SF
− Vacancy
−$5.9K −$1.22/SF
EGI
$101.9K $20.98/SF
− OpEx
−$30.6K −$6.29/SF
NOI
$71.3K $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%
$1,425,940
Cap Rate 7%
$1,018,529
Cap Rate 9%
$792,189
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$891.2K – $1.19M
NOI $71,297 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$935.0K
$818.1K – $1.09M
NOI $65,448 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,435 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Worcester quadplex near Clark University with separate utilities, three occupied units, and one available for occupancy.
Where is this quadplex located?
The property is located at 8 Fern Worcester, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four‑unit quadplex with 11 bedrooms across 4 units; 4,855 SF building constructed in 1890; Three occupied units plus one vacant unit
