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INVESTMENT SNAPSHOT
About this property
Fully rented 8 unit multi-family property available in WPI area of Worcester! Offering a driveway and a two car garage for off street parking, as well as a small yard area. The building has been cared for by the same owner for decades and it shows! Well maintained, cash flowing investment property only steps to the heart of the WPI campus, close to the Worcester Art Museum and minutes from the highway!
Property details
| Units | 8 |
| Living area | 5,205 sqft |
| Lot size | 10,005 sqft |
| Year built | 1940 |
| Price / sqft | $231 |
| County | Worcester |
| MLS # | 73528051 |
Listing status
| Days on market | 4 days |
| Listed on | June 2, 2026 |
Taxes & financials
| Annual property tax | $13,700 |
| Tax year | 2026 |
| Assessed value | $987,800 |
| Zoning | RG-5 |
| Gross income (actual) | $108,420/yr |
| Net operating income (actual) | $65,542/yr |
| Total actual rent | $7,890/mo |
| Electric expense | $960/yr |
| Insurance expense | $13,856/yr |
Building & lot
| Stories | 5 |
| Total rooms | 20 |
| Lot size | 0.23 acres |
| Garage spaces | 2 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full |
| Foundation | Stone, Irregular |
| Construction | Frame |
Utilities & systems
| Heating | Hot Water, Steam |
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Worcester →
Listing courtesy of Keller Williams Pinnacle Central — The Riel Estate Team. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 14-16 Dean St, Worcester MA 01609 have?
It is a 8-unit multi-family property with 5,205 sqft of living area, built in 1940.
How long has 14-16 Dean St, Worcester MA 01609 been on the market?
14-16 Dean St, Worcester MA 01609 has been listed for 4 days (since June 2, 2026).
What is the estimated cap rate on this 8-family in Worcester?
Based on area median rents, the estimated cap rate is about 9.4%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,200,000 across 8 units, that works out to roughly $150,000 per unit.
What are the property taxes on 14-16 Dean St, Worcester MA 01609?
Annual property taxes are $13,700 (2026), on an assessed value of $987,800.
What is the price per square foot?
At $1,200,000 for 5,205 sqft, that's about $231 per square foot.
Is there parking?
2 garage spaces and 6 total parking spaces (paved drive, off street, paved).
Where is this property located?
14-16 Dean St, Worcester MA 01609 is in Worcester, Worcester County, MA 01609.
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