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Worcester 01608 Green Island
2A and 2B Lodi St
$112,000
● Land - Off Market

2A and 2B Lodi St

Worcester, MA 01610
bedrooms
Studio
bathrooms
0 Bath
$130,608
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Great opportunity for homeowner and investors!!! A corner and level lot, fully approved, ready for immediate construction. All engineering for building has been completed and approved by the town, including plan for a duplex of 2 units in RG-5 zone. Included are survey, approved site plan. Current building permit is non-transferrable so buyer will need to apply. Only half a mile from the Polar Park WooSox, near routes 290, 90, 146, and 20. Water, gas, electric, and sewer is located on the property. Buyer agent/ buyer perform all diligence.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
Land
Property Taxes
$52
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 months ago (MLSPIN #72990914)

Price History

Date / Event Date Event Price
Feb 10, 2023 Sold
Premium
Sold
Jun 2, 2022 Listed by StartPoint Realty $125,000
Listed by StartPoint Realty
Apr 30, 1999 Sold
Premium
Sold
Jan 22, 1999 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 3
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • Standard Land Use Code: 1100
  • County Land Use Code: 109

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732500

Zoning

  • Zoning: MG-2

Geography

  • Account Number: 5-014-00035
  • Parcel: WORC M:05 B:014 L:00035
  • Block: 14
  • Lot: 35
  • Municipality: WORCESTER
  • Latitude: 42.2531
  • Longitude: -71.8026

    Address

  • Full Address: 2 Lodi St
  • Address - House Number: 2
  • Address - Street Name: Lodi
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C003
  • 4-Digit Zip Code: 2189
  • Zip Code: 01608

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,009,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1742
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 629,994
  • High Value: 739,795
  • Low Value: 520,192

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $704,100
  • Assessed Land Value: $41,500
  • Assessed Improvements Value: $662,600

    Sales

  • Current Sale Recording Date: Apr 30, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 22, 1999
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: 34
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Green Island

Stats & Trends

Median Asking:

$744,500

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

73

Average Home Size

4233 ft²

Average Home Age

126.9 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 42 Vernon Street, MA, 01610

$958 /mo

  • 1 Bed
  • 1 Bath
42 Vernon Street, MA, 01610 Listing by Rick Rivera
Unit for rent at 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72990914

Frequently Asked Questions

When was property at 2B Lodi Street built and last sold?
The property at 2B Lodi Street was built in and last sold on Jan 1, 1970 for $57,000.
How much is this home worth?
The estimated value of the home located at 2B Lodi Street is $126,250.
What are some comparable homes to 2B Lodi Street?
There are currently no comparable homes to 2B Lodi Street.
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