2 Lapierre
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2024 | Listed by Berkshire Hathaway Home Service New England Properties | $295,555 | |
| Listed by Berkshire Hathaway Home Service New England Properties | |||
| May 1, 2024 | Listed by Oxford Realty Group CT, LLC | $315,000 | |
| Listed by Oxford Realty Group CT, LLC | |||
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SELLER MOTIVATED! Prime location for APPROVED development in the heart of Worcester. Opportunity to purchase and develop .33 acres. Currently approved for (TWO) duplexes (4 units total). Owner is in the process of approving an additional 60 units next door (address 149 Plantation St). Parcel: 2 Lapierre St, Worcester: .328 acres (14,310 SF) with frontage on Ridge Rd and Orient St. Worcester is well positioned for new housing that can accommodate both MA and CT employees. The development is conveniently located near downtown, UMASS Campus, St Vincent Hospital and a variety of amenities, including easy highway access and more.
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| Apr 15, 2024 | Relisted | $315,000 | |
| Relisted | |||
| Feb 14, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jan 21, 2024 | Listed by Oxford Realty Group CT, LLC | $295,000 | |
| Listed by Oxford Realty Group CT, LLC | |||
| | |||
|
SELLER MOTIVATED! Prime location for APPROVED development in the heart of Worcester. Opportunity to purchase and develop .33 acres. Currently approved for (TWO) duplexes (4 units total). Owner is in the process of approving an additional 60 units next door (address 149 Plantation St). Parcel: 2 Lapierre St, Worcester: .328 acres (14,310 SF) with frontage on Ridge Rd and Orient St. Worcester is well positioned for new housing that can accommodate both MA and CT employees. The development is conveniently located near downtown, UMASS Campus, St Vincent Hospital and a variety of amenities, including easy highway access and more.
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