Building Details

Year Built 1930

Listing Agency: REWAP BROKERAGE LLC

Listed By: Nicholas Baniukiewicz · License #453013108 Show Phone

Source: Sarkisboston

Added: Mar 22 Changed: Oct 16 Last Checked: Oct 16 at 8:49AM

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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 REWAP BROKERAGE LLC

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Investment Insights

Based on property information with market context.

This two-family property contains 2,984 square feet and was built in 1930. The first residence includes two bedrooms, a large living room, an additional flex area, and an eat-in kitchen finished with granite countertops and large windows. The second residence occupies two levels, with a living room, eat-in kitchen, full bathroom, bedroom, additional flex rooms, three upper-level bedrooms, and a second full bathroom.

Each unit has its own entrance, while the bonus areas provide adaptable space for office, dining, recreation, or other household needs. The property is located at 80 Delmont Avenue in Worcester, Massachusetts.

Key Highlights

• Two‑family property with 2,984 square feet
• First unit includes two bedrooms and an additional bonus area
• Second unit spans two levels with four bedrooms and two full bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,821

Cap Rate

5.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$876,420 $876.4K

Cap Rate 7%

$626,014 $626.0K

Cap Rate 9%

$486,900 $486.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,984 SF

Gross rent

$66.2K $22.20/SF

− Vacancy

−$3.6K −$1.22/SF

EGI

$62.6K $20.98/SF

− OpEx

−$18.8K −$6.29/SF

NOI

$43.8K $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%

$876,420

Cap Rate 7%

$626,014

Cap Rate 9%

$486,900

Alternative Uses

Best Use

Multifamily LT 5

$626.0K

$547.8K – $730.4K (±1% cap)

NOI $43,821 @ 7.0% cap · market cap 5.93%

Second Best

Apartment 5plus

$574.7K

$502.8K – $670.4K (±1% cap)

NOI $40,226 @ 7.0% cap · market cap 5.44%

Theoretical Best

Office A

$996.0K

$871.5K – $1.16M (±1% cap)

NOI $69,720 @ 7.0% cap · market cap 9.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Precision IT Partners Information Services

Suggested Use

Top Pick Law Firm Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Locksmith Parking Lot & Garage Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

658

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer multiple bonus rooms, eat-in kitchens, and private entrances.

Where is this duplex located?

The property is located at 80 Delmont Avenue Worcester, MA.

What is the asking price?

The asking price for this property is $739,000.

What are key features of this property?

This property features: Two‑family property with 2,984 square feet; First unit includes two bedrooms and an additional bonus area; Second unit spans two levels with four bedrooms and two full bathrooms