Renovated Four-Level
For Sale
$856,000
Pending
80 Pleasant St, Worcester, MA 01609
Updated interiors include stainless appliances and mini-split heating.
Property Size3,704 SF
Days on Market56
Property Features for 80 Pleasant St
General Information
Standard status
Pending
Size
3,704 SF
Property subtype
4 Family - 4 Units Up/Down
Additional Details
Public Transit
Yes
Building Details
Building Size
3,704 SF
Year Built
1890
Year Renovated
2020
Stories
4
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 15 at 12:31AM
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 IVerty Realty, LLC
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Investment Insights
Based on property information with market context.
This four-level quadplex offers 3,704 square feet of living space with 11 bedrooms and a flexible residential layout. Built in 1890 and substantially renovated in 2020, the property combines older architectural character with updated interiors. Open kitchen and living areas provide connected common spaces, while stainless steel appliances add functional improvements. Each unit is equipped with mini-splits, and select units also have baseboard heaters for supplemental heat.
The property is near area colleges, shopping, restaurants, public transportation, and major routes in Worcester. Parking is limited to on-street parking, with no off-street spaces. The combination of four levels, extensive bedroom count, refreshed systems, and varied heating equipment creates a distinctive multifamily configuration.
The property is near area colleges, shopping, restaurants, public transportation, and major routes in Worcester. Parking is limited to on-street parking, with no off-street spaces. The combination of four levels, extensive bedroom count, refreshed systems, and varied heating equipment creates a distinctive multifamily configuration.
Key Highlights
- 3,704 square feet of living space across four levels
- 11‑bedroom quadplex built in 1890
- Extensive renovations completed in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,394
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,880
$1.1M
Cap Rate 7%
$777,057
$777.1K
Cap Rate 9%
$604,378
$604.4K
Market Conditions
NOI Build-Up for 3,704 SF
Gross rent
$82.2K $22.20/SF
− Vacancy
−$4.5K −$1.22/SF
EGI
$77.7K $20.98/SF
− OpEx
−$23.3K −$6.29/SF
NOI
$54.4K $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%
$1,087,880
Cap Rate 7%
$777,057
Cap Rate 9%
$604,378
Alternative Uses
Best Use
Multifamily LT 5
$777.1K
$679.9K – $906.6K
NOI $54,394 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$713.3K
$624.2K – $832.2K
NOI $49,932 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,542 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 01609, MA
23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
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
Frequently Asked Questions
What type of property is this?
Quadplex - Updated interiors include stainless appliances and mini-split heating.
Where is this quadplex located?
The property is located at 80 Pleasant St Worcester, MA.
What is the asking price?
The asking price for this property is $856,000.
What are key features of this property?
This property features: 3,704 square feet of living space across four levels; 11‑bedroom quadplex built in 1890; Extensive renovations completed in 2020
