Duplex with Detached
New
For Sale
$575,000
9 Mount Avenue, Worcester, MA 01606
Both apartments offer three bedrooms, with an additional bedroom in the upper unit’s partially finished attic.
Property Size2,613 SF
Price / SF$220.05
Days on Market7
Property Features for 9 Mount Avenue
General Information
Standard status
Active
Size
2,613 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
in-building laundry
off-street parking
detached two-car garage
stainless steel appliances
gas cooking
mini-split systems
Building Details
Year Built
1903
Listing Agency:
Lamacchia Realty,Inc.
Listed By:
The Balestracci Group
(508) 832-5324
Source:
Campionre
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:24PM
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 Lamacchia Realty,Inc.
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Investment Insights
Based on property information with market context.
This 2,613-SF duplex, built in 1903, contains two apartments with three bedrooms, one full bathroom, a living room, and a kitchen with gas cooking and stainless steel appliances. The upper apartment has mini-split systems and partially finished attic space that includes a fourth bedroom. Laundry is in the basement, and the property also includes a detached two-car garage and off-street parking.
The property is at 9 Mount Avenue in Worcester, near restaurants, shops, public transportation, and commuter routes 190 and 290. One apartment is occupied by a tenant-at-will; the second-floor apartment is tenant-ready.
The property is at 9 Mount Avenue in Worcester, near restaurants, shops, public transportation, and commuter routes 190 and 290. One apartment is occupied by a tenant-at-will; the second-floor apartment is tenant-ready.
Key Highlights
- Two apartments, each with three bedrooms and one full bathroom
- Upper unit includes a fourth bedroom in partially finished attic space
- Detached two‑car garage and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,373
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,460
$767.5K
Cap Rate 7%
$548,186
$548.2K
Cap Rate 9%
$426,367
$426.4K
Market Conditions
NOI Build-Up for 2,613 SF
Gross rent
$58.0K $22.20/SF
− Vacancy
−$3.2K −$1.22/SF
EGI
$54.8K $20.98/SF
− OpEx
−$16.4K −$6.29/SF
NOI
$38.4K $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%
$767,460
Cap Rate 7%
$548,186
Cap Rate 9%
$426,367
Alternative Uses
Best Use
Multifamily LT 5
$548.2K
$479.7K – $639.6K
NOI $38,373 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$503.2K
$440.3K – $587.1K
NOI $35,225 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$872.2K
$763.1K – $1.02M
NOI $61,051 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 01606, MA
21,651
Population
9,427
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
3,609
Density / Sq Mi
$92,537
Median Household Income
$55,931
Median Earnings
$1,615
Median Rent
$343,700
Median Home Value
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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 - Both apartments offer three bedrooms, with an additional bedroom in the upper unit’s partially finished attic.
Where is this duplex located?
The property is located at 9 Mount Avenue Worcester, MA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two apartments, each with three bedrooms and one full bathroom; Upper unit includes a fourth bedroom in partially finished attic space; Detached two‑car garage and off‑street parking
