What is the estimated cap rate for 12 & 14 Hunnewell Road, Worcester, MA 01606?

Based on rent reported on the MLS listing, 12 & 14 Hunnewell Road, Worcester, MA 01606 (9 units) has an estimated 5.20% cap rate at its $2,995,000 list price, assuming $18,700/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 12 & 14 Hunnewell Road, Worcester, MA 01606?

The MLS listing reports about $18,700/month in total rent for a 9-unit multi-family in 01606. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

5 Days on market

12 & 14 Hunnewell Road Worcester — Photo 1 of 22

$2,995,000

Investment Analysis — 12 & 14 Hunnewell Road

Worcester, MA 01606

Based on rent reported on the MLS listing, a 9-unit multi-family in 01606 carries $18,700/mo in gross rent — about a 5.20% cap rate and $155,807/yr in estimated NOI at the $2,995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

8,184

Style

5-9 Family

Built

1950

Situated within one of Worcester's established residential neighborhoods, 12 & 14 Hunnewell Road consists of two completely renovated multifamily buildings comprising (9) nine spacious two-bedroom apartments. Current ownership has invested heavily into renovating nearly every aspect of the property. Apartment interiors feature updated kitchens with modern cabinetry and countertops while building systems including plumbing and electrical have been substantially upgraded. Residents benefit from professionally maintained common areas, convenient on-site coin-operated laundry and possible garage space. The property's exceptional physical condition minimizes future capital expenditures while allowing investors to focus on maximizing operational performance. Full Financials and Offering Memorandum are available upon request.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$2,995,000

Annual Taxes$14,737

Parking

Garage3

Off-Street21

Interior Specifications

Total Rooms45

FireplacesNone

FlooringVinyl

BasementFull, Concrete

Climate & Utilities

HeatingElectric

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationConcrete Perimeter, Block

ZoningRS-7

Property & Lot

Acres0.38

SqFt Lot16,631.2

Lot Features--

Amenities & Appliances

ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Washer • Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Oven

Geography

Listing Provided By

Listing Agent: Tariq Fayyad

Listing Office: Fayyad Realty Advisors

MLS® Number: 73580055