Cap rate chat for Worcester MA?

[Paul Ireland]

I am constantly hearing about cap rates when I look at larger commercial properties, but I never hear it mentioned when touring buildings under 4 units. I would be interested in hearing what investors (or yourself) are looking for when it comes to cap rate in the Worcester market. I am speaking strictly NOI / PP. No mortgage or tax expenses.

Would it be greedy of me ask for a 5 cap on a 100+ year old 2 family building?

I am mostly curious as to what other investors would be satisfied with